March 5, 2009 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Pierre Duguay House of Commons Standing Committee on Finance Ottawa, Ontario As we have consistently emphasized, stabilization of the global financial system is a precondition for economic recovery, both globally and in Canada. To that end, policy-makers around the globe have acted aggressively and creatively by initiating a series of unprecedented actions aimed at stabilizing the global financial system. Content Type(s): Press, Speeches and appearances, Opening statements
March 4, 2009 Results for the 4 March 2009 Term Loan Facility The results of today's TLF operation. Content Type(s): Press, Market notices
March 3, 2009 Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. Content Type(s): Press, Press releases
March 3, 2009 Bank of Canada Announces Details of its 26 Day Term Loan Facility In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 20 January. Content Type(s): Press, Market notices
March 3, 2009 Results of the 3 March 2009 Term PRA Transaction The results of today's term PRA operations. Content Type(s): Press, Market notices
March 2, 2009 Bank of Canada Announces Details of its 91 Day Term PRA Transaction In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 January. Content Type(s): Press, Market notices
Computing the Accuracy of Complex Non-Random Sampling Methods: The Case of the Bank of Canada's Business Outlook Survey Staff Working Paper 2009-10 Daniel de Munnik, David Dupuis, Mark Illing A number of central banks publish their own business conditions survey based on non-random sampling methods. The results of these surveys influence monetary policy decisions and thus affect expectations in financial markets. To date, however, no one has computed the statistical accuracy of these surveys because their respective non-random sampling method renders this assessment non-trivial. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Econometric and statistical methods, Regional economic developments JEL Code(s): C, C4, C8, C81, C9, C90
March 2, 2009 Results of the 2 March 2009 Term PRA Transaction for Private Sector Money Market Instruments The results of today's term PRA operations. Content Type(s): Press, Market notices
March 2, 2009 Bank of Canada Announces the Minimum Bid Rate for Today's Term PRA Facility for Private Sector Money Market Instruments The minimum bid rate for today's 14-day Term PRA Facility for Private Sector Money Market Instruments is 1.550%. Content Type(s): Press, Market notices
Assessing the Implementation of the IMF's 2007 Surveillance Decision Staff Discussion Paper 2009-6 Robert Lavigne, Garima Vasishtha The International Monetary Fund (IMF) recently adopted the "2007 Decision on Bilateral Surveillance Over Members' Policies," a landmark reform that modernizes the general principles of IMF surveillance. However, support for the reform was not unanimous, and doubts have been expressed about how the Decision would be applied in practice. The authors assess the first year […] Content Type(s): Staff research, Staff discussion papers Topic(s): International topics JEL Code(s): F, F3, F33