Uncategorized

• June 21, 2008

  Bank of Canada Oversight Activities during 2007 under the Payment Clearing and Settlement Act

  Financial System Review - June 2008 Walter Engert, Dinah Maclean

  Content Type(s): Publications, Financial System Review articles
• June 19, 2008

  Capitalizing on the Commodity Boom: the Role of Monetary Policy

  Remarks Mark Carney Haskayne School of Business Calgary, Alberta

  We are experiencing a commodity super cycle. Throughout the current boom, the scale of price increases has been higher, and the range of affected commodities broader, than in previous upturns. Since 2002, grain and oilseed prices have more than doubled, base metals prices have tripled, and oil prices have quadrupled.

  Content Type(s): Press, Speeches and appearances, Remarks

• Inflation, Nominal Portfolios, and Wealth Redistribution in Canada

  Staff Working Paper 2008-19 Césaire Meh, Yaz Terajima

  There is currently a policy debate on potential refinements to monetary policy regimes in countries with low and stable inflation such as the U.S. and Canada. For example, in Canada, a systematic review of the current inflation targeting framework is underway.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices, Inflation targets, Inflation: costs and benefits, Monetary policy framework, Sectoral balance sheet JEL Code(s): D, D3, D31, D5, D58, E, E3, E31, E5, E50
• June 10, 2008

  Bank of Canada keeps overnight rate target at 3 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent.

  Content Type(s): Press, Press releases
• June 10, 2008

  Bank of Canada Announces Term PRA Transaction

  As part of its provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it will enter into a 28-day term purchase and resale agreement (PRA) as follows:

  Content Type(s): Press, Market notices

• Empirical Likelihood Block Bootstrapping

  Staff Working Paper 2008-18 Jason Allen, Allan Gregory, Katsumi Shimotsu

  Monte Carlo evidence has made it clear that asymptotic tests based on generalized method of moments (GMM) estimation have disappointing size. The problem is exacerbated when the moment conditions are serially correlated.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C14, C2, C22
• May 30, 2008

  Results of the 30 May 2008 Sale of Treasury Bills for Balance Sheet Management Purposes

  Results of the 30 May 2008 Sale of Treasury Bills.

  Content Type(s): Press, Market notices

• Policy Coordination in an International Payment System

  Staff Working Paper 2008-17 James Chapman

  Given the increasing interdependence of both financial systems and attendant payment and settlement systems a vital question is what form should optimal policy take when there are two connected payment systems with separate regulators.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Exchange rate regimes, Payment clearing and settlement systems JEL Code(s): E, E4, E42, E5, E58, F, F3, F31, F33
• May 27, 2008

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

  The Bank of Canada announced today it will sell $1.8 billion of its holdings of treasury bills.

  Content Type(s): Press, Market notices
• May 27, 2008

  Bank of Canada Announces Term PRA Transaction

  As part of its provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it will enter into a 28-day term purchase and resale agreement (PRA) as follows:

  Content Type(s): Press, Market notices