Posts

• March 24, 2016

  The Bank of Canada Releases Its Annual Report for 2015

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2015 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases

• Capital Structure, Pay Structure and Job Termination

  Staff Working Paper 2016-12 Jason Allen, James R. Thompson

  We develop a model to analyze the link between financial leverage, worker pay structure and the risk of job termination. Contrary to the conventional view, we show that even in the absence of any agency problem among workers, variable pay can be optimal despite workers being risk averse and firms risk neutral.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Labour markets JEL Code(s): G, G2, G24, J, J3, J33
• March 18, 2016

  Weekly Financial Statistics - 18 March 2016

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• Dating Systemic Financial Stress Episodes in the EU Countries

  Staff Working Paper 2016-11 Benjamin Klaus, Tuomas Peltonen, Thibaut Duprey

  This paper introduces a new methodology to date systemic financial stress events in a transparent, objective and reproducible way. The financial cycle is captured by a monthly country-specific financial stress index.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Central bank research, Econometric and statistical methods, Economic models, Financial markets, Financial stability, Financial system regulation and policies, Monetary and financial indicators JEL Code(s): C, C5, C54, G, G0, G01, G1, G15
• March 17, 2016

  Nominations – from 461 to one iconic Canadian woman

  A total of 461 iconic Canadian women met the initial qualifying criteria and an independent Advisory Council followed the selection process to produce a long list of 12 women and then a short list of five. On 8 December 2016, the Minister of Finance and the Governor of the Bank of Canada revealed that Viola Desmond will be featured on the new $10 note.
• March 15, 2016

  Results of the 29-day and 84-day 15 March 2016 Term Repo Operation

  Results of today's term repo operation.

  Content Type(s): Press, Market notices
• March 15, 2016

  Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operations

  Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation.

  Content Type(s): Press, Market notices

• Measuring Systemic Risk Across Financial Market Infrastructures

  Staff Working Paper 2016-10 Fuchun Li, Héctor Pérez Saiz

  We measure systemic risk in the network of financial market infrastructures (FMIs) as the probability that two or more FMIs have a large credit risk exposure to the same FMI participant.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Financial stability, Payment clearing and settlement systems JEL Code(s): C, C5, C58, G, G2, G21, G23
• March 14, 2016

  Bank of Canada Announces Details of its Term Repo Operations

  The Bank of Canada announced today that it will conduct term repo operations.

  Content Type(s): Press, Market notices

• Predictive Ability of Commodity Prices for the Canadian Dollar

  Staff Analytical Note 2016-2 Kimberly Berg, Pierre Guérin, Yuko Imura

  Recent sharp declines in commodity prices and the simultaneous depreciation of the Canadian dollar (CAD) relative to the U.S. dollar (USD) have rekindled an interest in the relationship between commodity prices and the CAD-USD exchange rate.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Econometric and statistical methods, Exchange rates