Posts

• April 23, 2002

  The Bank of Canada's Securities-Lending Program: Draft Terms and Conditions - Appendix B

  Eligible Collateral for the Securities-Lending Program The list of eligible collateral for the Bank's securities-lending program will consist of the following: Securities issued by the Government of Canada. Government of Canada stripped coupons and residuals. Securities guaranteed by the Government of Canada (including Canada Mortgage Bonds and NHA mortgage-backed securities (MBS) with a minimum pool […]
• April 23, 2002

  The Bank of Canada's Securities-Lending Program: Draft Terms and Conditions - Appendix A

  Related Entities "Entity" means a corporation, trust, partnership, fund, or an unincorporated association or organization. "Person" means a natural person, an entity or a personal representative. Where two or more Primary Dealers are related entities with each other, only one of those entities may participate in the Bank's securities-lending program, unless the related entities meet […]
• April 23, 2002

  The Bank of Canada's Securities-Lending Program: Draft Terms and Conditions

  Context The objective of the Bank of Canada's securities-lending program is to support the liquidity of Government of Canada securities by providing a secondary and temporary source of securities to the market under the conditions listed below. Transaction Structure The structure of the transactions is securities lending (no cash collateral) pursuant to a securities-lending agreement […]
• April 16, 2002

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

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent.

  Content Type(s): Press, Press releases

• Risk, Entropy, and the Transformation of Distributions

  Staff Working Paper 2002-11 Mark Reesor, Don McLeish

  The exponential family, relative entropy, and distortion are methods of transforming probability distributions. We establish a link between those methods, focusing on the relation between relative entropy and distortion.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Financial markets, Market structure and pricing JEL Code(s): C, C0, C1, D, D8, G, G0

• La fiabilité des estimations de l'écart de production au Canada

  Staff Working Paper 2002-10 Jean-Philippe Cayen, Simon van Norden

  In this paper, we measure, with Canadian data, the scope of the revisions to real-time estimates of the output gap generated with several univariate and multivariate techniques. We also make an empirical evaluation of the usefulness of the output gap estimates for predicting inflation.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Potential output JEL Code(s): E, E3, E32

• The Microstructure of Multiple-Dealer Equity and Government Securities Markets: How They Differ

  Staff Working Paper 2002-9 Toni Gravelle

  Although dealership government and equity securities have, on the surface, similar market structures, the author demonstrates that some subtle differences exist between them that are likely to significantly affect the way market-makers trade, and as such have an impact on the liquidity that they provide.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Debt management, Financial markets, Market structure and pricing JEL Code(s): G, G1, G10, G15, G18

• Restructuring in the Canadian Economy: A Survey of Firms

  Staff Working Paper 2002-8 Carolyn Kwan

  The regional offices of the Bank conducted a survey of 140 Canadian companies (representing all non-government sectors of the economy) to study the effects of restructuring (defined as a major change in the way firms do business).

  Content Type(s): Staff research, Staff working papers Research Topic(s): Labour markets, Productivity, Regional economic developments JEL Code(s): O, O5, O51
• March 27, 2002

  The Bank of Canada Launches a New $5 Bank Note

  Media Relations Montréal, Quebec

  David Dodge, Governor of the Bank of Canada and Paul Martin, Minister of Finance were joined at the unveiling by Jean Béliveau, former NHL hockey player for the Montréal Canadiens, Kim St. Pierre, member of the gold-medal-winning Canadian Olympic women's hockey team in Salt Lake City, and Myriam Bédard, two-time Olympic gold medallist in the biathlon.

  Content Type(s): Press, Press releases
• March 26, 2002

  The Conduct of Monetary Policy in the Presence of Economic Shocks

  Remarks David Dodge National Association for Business Economics Washington, D.C.

  Globalization - the trend towards greater economic integration around the world - has brought important benefits to us all. It has boosted world trade, opened up access to sources of global finance, and facilitated the diffusion of far-reaching technological advances in transportation, communications, and information processing.

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