Rhonda Staskow

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Rhonda Staskow

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

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November 13, 2014 The Use of Financial Derivatives by Canadian Firms

In Canada, about one-third of publicly listed non-financial firms use financial derivatives. The use of derivatives is widespread across all sectors of the economy and increases during periods of greater uncertainty. Non-financial firms that use derivatives are typically larger and more profitable and have lower volatility of earnings than those that do not use derivatives. Overall, the firm characteristics of Canadian hedgers seem to be consistent with those found in other jurisdictions.
Content Type(s): Publications, Bank of Canada Review Article Topic(s): Exchange rates, Financial markets JEL Code(s): G, G1, G10, G3, G32

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