As part of an exercise to test the operational readiness of existing standing swap arrangements with other central banks, the Bank of Canada will conduct a small-value Canadian-dollar operation with the Bank of England, drawing British pounds against Canadian dollars. This operational readiness exercise is a measure of prudent advance planning by the Bank of … Read more
The bank announced a final call for treasury bill tenders with a minimum total amount of $8.5 billion to be auctioned by July 14, 2015. The full release is available online. The bank announced treasury bill tenders have been accepted for a total repurchase amount of $10.5 billion following an auction on June 30, 2015. … Read more
The working paper titled: Model Averaging in Markov-Switching Models: Predicting National Recessions with Regional Data by by Pierre Guérin and Danilo Leiva-Leon is available online. The working paper titled: Revisiting the Macroeconomic Impact of Oil Shocks in Asian Economies by Juncal Cunado, Soojin Jo and Fernando Perez de Gracia is available online.
The bank published a new research paper on its website, entitled Sheltered Income: Estimating Income Under-Reporting in Canada, 1998 and 2004 by Geoffrey R. Dunbar and Chunling Fu. The full release is available online.
The bank announced a final call for treasury bill tenders with a minimum total amount of $10.5 billion to be auctioned by June 30, 2015. The full release is available online. The bank announced treasury bill tenders have been accepted for a total repurchase amount of $1.5 billion following an auction on June 23, 2015. … Read more
The working paper titled: Large-Scale Asset Purchases: Impact on Commodity Prices and International Spillover Effects by Sharon Kozicki, Eric Santor and Lena Suchanek, is available on the Bank of Canada website. The working paper titled: Changes in Payment Timing in Canada’s Large Value Transfer System by Nellie Zhang is available on the Bank of Canada website. The bank announced a … Read more
The bank announced treasury bill tenders have been accepted for a total repurchase amount of $9 billion following an auction on June 16, 2015. The full release is available online. The bank announced a marketable bond tenders have been accepted for a total repurchase amount of $0 following an auction on June 16, 2015. The … Read more
The Government of Canada is considering moving to a modified auction format for any future issuance of 50-year bonds (ultra-long bonds). The Bank of Canada published the draft Terms for Auctions of Government of Canada Ultra-long Bonds (proposal) for comment, as well as an overview of the draft proposal. More information is available online. Call 613-782-7913. … Read more
The bank released its Financial System Review, June 2015 edition, finding that the overall risk to financial stability in Canada has risen in the face of lower oil prices, but the resilience of the system continues to improve. “We judge that the vulnerability associated with household indebtedness is edging higher, and the overall risk to financial … Read more
The bank announced Government of Canada bond tenders have been accepted for a total repurchase amount of $3.7 billion following an auction on June 10, 2015. The full release is available online.
