July 20, 2004 Bank of Canada keeps target for the overnight rate at 2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent. Content Type(s): Press, Press releases
July 13, 2004 Bank of Canada Announces Appointment of Special Adviser Media Relations Ottawa, Ontario The Bank of Canada today announced the appointment of Professor Christopher Ragan to the position of Special Adviser during the year 2004-2005. Content Type(s): Press, Press releases
July 12, 2004 Business Outlook Survey - Summer 2004 Businesses are somewhat more optimistic about the outlook than they were in the spring, reflecting increased confidence about the robustness of the global economic recovery. Content Type(s): Publications, Business Outlook Survey
July 8, 2004 Bank of Canada releases 2005 schedule of dates for its policy interest rate announcements Media Relations Ottawa, Ontario The Bank of Canada today released its 2005 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year. Content Type(s): Press, Press releases
Financial Market Imperfection, Overinvestment, and Speculative Precaution Staff Working Paper 2004-27 Christian Calmès The author uses panel data to assess the sensitivity of investment to cash flow in non-financial firms, taking into account the role their financial health plays in investment decisions. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles JEL Code(s): D, D9, D92, E, E2, E22, E4, E44, G, G3, G33
Regulatory Changes and Financial Structure: The Case of Canada Staff Working Paper 2004-26 Christian Calmès The author documents some stylized facts about the Canadian financial structure. He explores these empirical facts in the context of Canadian financial legislation and finds that, over the 1990s, Canadian businesses became more heavily dependent on financial markets as their primary source of external funding. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial services, Recent economic and financial developments JEL Code(s): G, G2, G20, G21
Money Demand and Economic Uncertainty Staff Working Paper 2004-25 Joseph Atta-Mensah The author examines the impact of economic uncertainty on the demand for money. Content Type(s): Staff research, Staff working papers Topic(s): Monetary aggregates JEL Code(s): E, E4, E41, E5, E50
June 24, 2004 Co-operation and the Conduct of Economic Policy Remarks David Dodge European Economics and Financial Centre Paris, France The theme of this event is "Policy Coordination in an Integrated Global Economy." It seems as if the idea of policy coordination is making a comeback these days. Content Type(s): Press, Speeches and appearances, Remarks
June 23, 2004 Bank of Canada Workshop on Regulation, Transparency, and the Quality of Fixed-Income Markets Financial System Review - June 2004 Lorie Zorn Content Type(s): Publications, Financial System Review articles
June 23, 2004 The Organizational Structure of Financial Market Regulation: Highlights from the Literature Financial System Review - June 2004 Christine Fay, Nicolas Parent Content Type(s): Publications, Financial System Review articles