December 11, 2006
Uncategorized
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Canadian City Housing Prices and Urban Market Segmentation
The authors provide a detailed empirical analysis of Canadian city housing prices. They examine the long-run relationship between city house prices in Canada from 1981 to 2005 as well as idiosyncratic relations between city prices and city-specific variables. -
December 6, 2006
The Art and Design of Canadian Bank Notes
This volume offers readers a behind-the-scenes look at the demanding world of bank note design, highlighting the beauty of Canada's bank notes and celebrating the engraver's art. Soft cover, 124 pages (2006).
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December 5, 2006
Bank of Canada keeps target for the overnight rate at 4 1/4 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. -
December 4, 2006
Debt Strategy Consultations 2007/08 Views Sought on Issues Relating to the Government Domestic Borrowing Program
A consultation document relating to the preparation of debt strategy for the fiscal year 2007/08, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today. -
December 4, 2006
Debt Strategy 2007/08 Consultations
The Department of Finance and the Bank of Canada are seeking views of government securities distributors, institutional investors, and other interested parties on conditions and developments in the Government of Canada securities market to support the development of the debt strategy for 2007/08. -
Survey-Based Estimates of the Term Structure of Expected U.S. Inflation
Surveys provide direct information on expectations, but only short histories are available at quarterly frequencies or for long-horizon expectations. -
The Role of Debt and Equity Finance over the Business Cycle
The authors show that debt and equity issuance are procyclical for most listed U.S. firms. -
The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation
The authors show that the widening of a foreign firm's U.S. investor base and the improved information environment associated with cross-listing on a U.S. exchange each have a separately identifiable effect on a firm's valuation. -
ToTEM: The Bank of Canada's New Quarterly Projection Model
The authors provide a detailed technical description of the Terms-of-Trade Economic Model (ToTEM), which replaced the Quarterly Projection Model (QPM) in December 2005 as the Bank's principal projection and policy-analysis model for the Canadian economy.