Uncategorized

• December 5, 2006

  Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

  Content Type(s): Press, Press releases
• 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.

  Content Type(s): Press, Market notices
• 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

  Staff Working Paper 2006-46 Sharon Kozicki, P. A. Tinsley

  Surveys provide direct information on expectations, but only short histories are available at quarterly frequencies or for long-horizon expectations.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices, Inflation targets, Monetary policy and uncertainty JEL Code(s): E, E3, E5

• The Role of Debt and Equity Finance over the Business Cycle

  Staff Working Paper 2006-45 Francisco Covas, Wouter den Haan

  The authors show that debt and equity issuance are procyclical for most listed U.S. firms.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Financial stability JEL Code(s): E, E3, G, G1, G3

• The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation

  Staff Working Paper 2006-44 Michael R. King, Dan Segal

  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.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial markets, International topics JEL Code(s): G, G1, G12, G15

• ToTEM: The Bank of Canada's New Quarterly Projection Model

  Technical Report No. 97 Stephen Murchison, Andrew Rennison

  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.

  Content Type(s): Staff research, Technical reports Research Topic(s): Business fluctuations and cycles, Economic models JEL Code(s): E, E1, E17, E2, E20, E3, E30, E4, E40, E5, E50, F, F4, F41
• November 23, 2006

  Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target

  Media Relations Ottawa, Ontario

  The primary objective of Canada's monetary policy is to enhance the well-being of Canadians by contributing to sustained economic growth, rising levels of employment and improved living standards.

  Content Type(s): Press, Press releases
• November 15, 2006

  Bank of Canada Issues Upgraded $5 Bank Note

  Media Relations Ottawa, Ontario

  The Bank of Canada today put into circulation a $5 note with upgraded security features in order to improve the security of Canadian bank notes.

  Content Type(s): Press, Press releases
• November 8, 2006

  The Canadian Economy and Financial Markets in Perspective

  Remarks David Longworth World Hedge Funds Summit Vaughan, Ontario

  The hedge fund industry has been growing so quickly that meetings like this one are welcome—they provide a chance to step back and look at context and trends. And that's what I propose to do this morning. Specifically, I'd like to speak about volatility in both the real economy and in financial markets and discuss how it has been affected by monetary policy and financial innovation.

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