Uncategorized

• December 10, 2008

  Results for the 10 December 2008 Term Loan Facility

  The results of today's TLF operation are as follows:

  Content Type(s): Press, Market notices
• December 9, 2008

  Bank of Canada lowers overnight rate target by 3/4 percentage point to 1 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a percentage point to 1 1/2 per cent.

  Content Type(s): Press, Press releases
• December 9, 2008

  Bank of Canada Announces Details of its 26 Day Term Loan Facility

  In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 28 November, the Bank of Canada announced today that it will enter into a 26-day TLF transaction as follows:

  Content Type(s): Press, Market notices
• December 9, 2008

  Results of the 9 December 2008 Term PRA Transaction

  The results of today's term PRA operations are as follows:

  Content Type(s): Press, Market notices
• December 8, 2008

  Bank of Canada Announces Details of its 28 Day Term PRA Transaction

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 1 December, the Bank of Canada announced today that it will enter into a 28-day term PRA transaction as follows:

  Content Type(s): Press, Market notices
• December 8, 2008

  Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes

  The Bank of Canada announced today it will sell $0.50 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the outstanding term liquidity facilities. Details of the transaction are as follows:

  Content Type(s): Press, Market notices
• December 8, 2008

  Results of the 8 December 2008 Term PRA Transaction for Private Sector Money Market Instruments

  The results of today's term PRA operations are as follows:

  Content Type(s): Press, Market notices

• How Important Is Liquidity Risk for Sovereign Bond Risk Premia? Evidence from the London Stock Exchange

  Staff Working Paper 2008-47 Ron Alquist

  This paper uses the framework of arbitrage-pricing theory to study the relationship between liquidity risk and sovereign bond risk premia. The London Stock Exchange in the late 19th century is an ideal laboratory in which to test the proposition that liquidity risk affects the price of sovereign debt.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial markets, International topics JEL Code(s): F, F2, F21, F3, F34, F36, G, G1, G12, G15
• December 6, 2008

  Beads to Bytes: Canada's National Currency Collection

  

  This volume explores money and the role it has played, and continues to play, in society, through the lens of Canada's National Currency Collection. The Collection is an extraordinary repository of coins, bank notes, and related paraphernalia from around the world. Soft cover, 124 pages (2008).

  Content Type(s): Publications, Books and monographs, Souvenir books Research Topic(s): Bank notes
• December 5, 2008

  Bank of Canada Announces Details of its Term PRA Facility for Private Sector Money Market Instruments

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 28 November, the Bank of Canada announced today that it will enter into a 13-day term PRA transaction for private sector money market instruments as follows:

  Content Type(s): Press, Market notices