Recent economic and financial developments - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:30:23+00:00The Canadian Dollar as a Reserve Currency
https://www.bankofcanada.ca/wp-content/uploads/2014/05/boc-review-spring14-pomorski.pdf
This article provides an overview of the growth of Canadian-dollar-denominated assets in official foreign reserves. Based on International Monetary Fund data and on internal Bank of Canada analysis, we estimate that the total reserve holdings of Canadian-dollar assets increased from negligible levels before 2008 to around US$200 billion in the third quarter of 2013. We discuss the determinants of this increase, as well as its potential impact on Canadian debt markets, for example, lower yields and therefore reduced financing costs for the Government of Canada, and the possible negative impact on market liquidity.2014-05-13T10:00:06+00:00enThe Canadian Dollar as a Reserve Currency2014-05-13Beyond the Unemployment Rate: Assessing Canadian and U.S. Labour Markets Since the Great Recession
https://www.bankofcanada.ca/wp-content/uploads/2014/05/boc-review-spring14-zmitrowicz.pdf
This article provides a broad perspective on the performance of the labour market in Canada and the United States since the Great Recession. It also presents a simple way to summarize much of this information in a single composite labour market indicator (LMI) for both countries. The LMI suggests that the unemployment rate in Canada has evolved largely in line with overall labour market conditions since the recession, but may have modestly overstated the extent of recent improvement. The U.S. unemployment rate, in contrast, appears to have substantially overstated the post-recession improvement in labour market conditions.2014-05-13T09:44:01+00:00enBeyond the Unemployment Rate: Assessing Canadian and U.S. Labour Markets Since the Great Recession2014-05-13