May 1, 2008
Results of the 1 May 2008 Term PRA Transaction
The results of today's term PRA operations are as follows:
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April 30, 2008
Opening Statement before the House of Commons Standing Committee on Finance
Growth in the global economy has weakened since the January Monetary Policy Report Update, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations in global financial markets. Growth in the Canadian economy has also moderated. -
April 29, 2008
Bank of Canada Announces Term PRA Transaction
As part of its continuing 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: -
April 29, 2008
Financial Stability Forum publishes report on Enhancing Market and Institutional Resilience
The Financial Stability Forum (FSF) has presented to the G7 Finance Ministers and central bank Governors a report making recommendations for enhancing the resilience of markets and financial institutions. -
April 28, 2008
Counterfeit $100 notes discovered: Bank of Canada and the Toronto Police Service remind the public and retailers to be vigilant
The Bank of Canada and the Toronto Police Service are reminding the public and retailers to pay close attention to the bank notes they receive. A number of counterfeit $100 notes have been passed mainly in the Greater Toronto Area in the last few weeks. -
April 24, 2008
Bank of Canada releases Monetary Policy Report
Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. -
April 24, 2008
Monetary Policy Report – April 2008
Growth in the global economy began to slow in the fourth quarter of 2007 and the first quarter of 2008. This reflected the effects of the slowdown in the U.S. economy and ongoing dislocations in global financial markets. -
April 24, 2008
Release of the Monetary Policy Report
Growth in the global economy has weakened since the January Monetary Policy Report Update, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations in global financial markets. Growth in the Canadian economy has also moderated. -
April 22, 2008
Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 3 per cent. -
An Examination of Canadian Firms Delisting from U.S. Exchanges
This paper examines Canadian and other foreign firms that have been involuntarily delisted from major U.S. exchanges. I find that, for most countries, less than 10% of firms get delisted from a U.S. exchange during my sample period.