Liquidity and Central Clearing: Evidence from the CDS Market Staff Working Paper 2012-38 Joshua Slive, Jonathan Witmer, Elizabeth Woodman An international initiative to increase the use of central clearing for OTC derivatives emerged as one of the reactions to the 2008 financial crisis. The move to central clearing is a fundamental change in the structure of the market. Content Type(s): Staff research, Staff working papers Research Topic(s): Financial markets JEL Code(s): G, G3, G30, G38
Immigrants and Mortgage Delinquency in the United States Staff Working Paper 2015-1 Zhenguo Lin, Yingchun Liu, Jia Xie We investigate the relationship between immigrant status and mortgage delinquency in the United States. Content Type(s): Staff research, Staff working papers Research Topic(s): Debt management, Financial stability JEL Code(s): G, G2, G21, J, J1, J15
January 18, 2017 Monetary Policy Report – January 2017 The Canadian economy is expected to expand by 2.1 per cent this year and in 2018. Content Type(s): Publications, Monetary Policy Report
The Future Prospects for National Financial Markets and Trading Centres Staff Working Paper 2001-10 Charles Gaa, Stephen Lumpkin, Robert Ogrodnick, Peter Thurlow This paper investigates the effects of the continuation of globalization and technological developments on the future of national-level financial markets and trading centres, particularly in smaller countries such as Canada. We foresee the development of a single global market in the most-liquid assets based on equity-market linkages. Content Type(s): Staff research, Staff working papers Research Topic(s): Financial markets JEL Code(s): G, G1, G10
Portfolio Rebalancing Channel and the Effects of Large-Scale Stock and Bond Purchases Staff Working Paper 2025-38 Sami Alpanda, Serdar Kabaca We quantify the effects of large-scale stock purchases by a central bank and compare these to bond purchases. We find that the central bank’s equity purchases would lower the risk and term premiums on stocks and long-term bonds, respectively, and thereby stimulate economic activity. Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Economic models, Monetary policy transmission JEL Code(s): E, E3, E32, E4, E44, E5, E52
June 22, 2010 Risks to Canada's Financial Stability in an Uncertain World Remarks Timothy Lane Winnipeg CFA Society Winnipeg, Manitoba The recent past has underscored the fact that, in finance and the economy, most things are interconnected on a global scale. Throughout its history, Canada has been powerfully affected by events elsewhere. Content Type(s): Press, Speeches and appearances, Remarks
April 26, 2007 Monetary Policy Report – April 2007 Growth in the Canadian economy has been essentially in line with the expectations set out in the Bank’s January Monetary Policy Report Update. Content Type(s): Publications, Monetary Policy Report
January 29, 2000 Annual Report 1999 The Canadian economy regained strong momentum in 1999 as the U.S. economy remained vigorous, the global economy recovered, and commodity prices moved upwards. Content Type(s): Publications, Annual Report
Central Bank Communications Before, During and After the Crisis: From Open-Market Operations to Open-Mouth Policy Staff Working Paper 2013-41 Ianthi Vayid The days when secrecy and opacity were the bywords of central banking are gone. The advent of inflation targeting in the early 1990s acted as the catalyst for enhanced transparency and communications in the conduct of monetary policy. Content Type(s): Staff research, Staff working papers Research Topic(s): Central bank research, Credibility, Financial stability, Inflation targets, Monetary policy framework, Monetary policy implementation JEL Code(s): E, E5, E52, E58
January 29, 2025 Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%. Content Type(s): Press, Press releases