their U.S. counterparts. The effect of past equity issues on Canadian firms' capital structure is transitory. Canadian firms …

We document the cyclical behavior of debt, equity, and retained earnings for different firm categories using firm …-level Canadian data. There is evidence of both procyclical equity and debt issuance for all firm categories but the timing differs …. In particular, there is strong evidence that equity issuance increases in anticipation of an expansion. During this phase …

This paper estimates the implied cost of equity for Canadian and U.S. firms using a methodology based on the dividend … stock liquidity are negatively related to cost of equity, while greater firm financial leverage and greater dispersion in … analysts' earnings forecasts are associated with a higher cost of equity. Moreover, longer-term sovereign bond yields also seem …

countries, and differences in accounting standards across countries, Canada's cost of equity is statistically different from a …This paper calculates an implied cost of equity for 19 developed countries from 1991 to 2006. During this period, there … has been a decline in the cost of equity of about 10-15 bps per year, which can be partially attributed to declining …

found to be affected by market timing opportunities. The persistence of equity market timing opportunities slows some firms …

are correlated with Statistics Canada's revisions to GDP; (iv) high-frequency analyses of transactions around extreme …

are important. An analysis of the economic effects using the Bank of Canada's Global Economy Model shows that the gains …

KLEMS database for Canada. We estimate a dynamic heterogeneous panel error-correction model of twelve 2-digit level …

dominance in both Mexico and South Korea, but almost no fiscal dominance in Canada and the U.S. The country-specific estimates …

properties which is what we explore in this paper. For Canada, we show that the magnitude of redistributions of an unexpected 1 …