October 18, 2007 Release of the Monetary Policy Report Opening statement David Dodge Since the July Monetary Policy Report Update, and against a backdrop of robust global economic expansion and strong commodity prices, the Canadian economy has been stronger than projected. It is now operating further above its production potential than had been previously expected. Content Type(s): Press, Speeches and appearances, Opening statements
Relative Value of Government of Canada Bonds Staff analytical note 2019-23 Jean-Sébastien Fontaine, Jabir Sandhu, Adrian Walton Government of Canada bonds in circulation that promise very similar payoffs can have different prices. We study the reason for these differences. Bonds that trade more often and earn high rental income in the repurchase agreement (repo) market tend to have higher prices. Bonds with longer tenors and times to maturity tend to have lower prices. This contrast between cheap and expensive bonds is important because trading volume and rental income can change rapidly, unlike tenor and time to maturity, which are stable. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G10, G11, G12, G2, G23, G3, G32 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial institutions and intermediation
June 5, 2020 CARR welcomes MX’s listing of new Three-Month CORRA Futures The Canadian Alternative Reference Rate working group (CARR) welcomed Montréal Exchange’s (MX) notice that it will launch its new Three-Month Canadian Overnight Repo Rate Average (CORRA) Futures contract for trading on Friday June 12, 2020. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
August 24, 2004 The Efficiency of Canadian Capital Markets: Some Bank of Canada Research Bank of Canada Review - Summer 2004 Scott Hendry, Michael R. King Capital markets and their related financial instruments make an important contribution to the welfare of Canadians. The Bank of Canada is interested in the efficient functioning of capital markets through each of its responsibilities for monetary policy, the financial system, and funds management. Hendry and King highlight the key findings of Bank research published over the past year that addresses capital market efficiency and summarize lessons that have been learned. The research conducted thus far suggests that Canadian capital markets are efficient for a capital market of Canada's size but are less diverse than the U.S. capital markets, indicating that there is room for improvement in certain areas. Content Type(s): Publications, Bank of Canada Review articles
April 25, 2012 Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce Opening statement Mark Carney Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario Good afternoon. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. The profile for global economic growth has improved since the Bank released its January MPR. Europe is expected to emerge slowly from recession in the second half of 2012, […] Content Type(s): Press, Speeches and appearances, Opening statements
April 18, 2012 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario Press conference following the release of the Monetary Policy Report. Content Type(s): Press, Speeches and appearances, Opening statements
October 22, 2009 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario Recent indicators point to the start of a global recovery. Economic and financial developments have been somewhat more favourable than we expected in July, although significant fragilities remain. Content Type(s): Press, Speeches and appearances, Opening statements
April 15, 2004 Monetary Policy Report – April 2004 The Canadian economy continues to adjust to developments in the global economy. Content Type(s): Publications, Monetary Policy Report
April 19, 2005 Opening Statement before the House of Commons Finance Committee Opening statement David Dodge House of Commons Finance Committee Last Thursday, we released our April Monetary Policy Report. In the report, we said that the global economy has been unfolding largely as expected, and the outlook for the Canadian economy is essentially unchanged from that in January's Monetary Policy Report Update. Content Type(s): Press, Speeches and appearances, Opening statements
January 19, 2011 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario The global economic recovery is proceeding at a somewhat faster pace than the Bank had anticipated, although risks remain elevated. Private domestic demand in the United States has picked up and will be reinforced by recently announced monetary and fiscal stimulus. Content Type(s): Press, Speeches and appearances, Opening statements