' funding advantage in Canada, and on the extent to which market discipline exists across different securities issued by the … Canadian banks. The banking sector in Canada provides a unique setting in which to examine market discipline along with the … prospects of proposed reforms, because Canada has no history of government bailouts. Our results suggest that large banks likely …

lower bound of the corridor. However, by targeting a slightly higher level, the Bank of Canada could be 95% certain that the …

expansionary and a contractionary monetary policy episode in Canada. Our identification takes advantage of the fact that the … interest rates of short-term fixed-rate mortgages (the dominant product in Canada's mortgage market) have to be reset according …

Canada, and (ii) how business perspectives are affected by monetary policy shocks. Measures of business sentiment (soft data … effects of monetary policy shocks on firms' business perspectives using data from the Bank of Canada's quarterly Business …

We use narrative evidence along with a novel database of real-time data and forecasts from the Bank of Canada's staff … monetary policy in Canada. We show that it is crucial to take into account the break in the conduct of monetary policy caused … fall in the price level, while not accounting for the break leads to a permanent decrease in real GDP and a price puzzle …

I propose a novel dynamic portfolio-balance model of the yield curve for Government of Canada bonds to evaluate the … portfolio-balance effects of the Bank of Canada's Government of Canada Bond Purchase Program. My results suggest that this … Government of Canada's debt by approximately 1.4 years. This in turn reduced Canadian 10-year and 5-year zero-coupon yields by 84 …

Historical narratives typically associate financial crises with credit expansions and asset price misalignments. The … problem, we focus on financial stress and ask whether credit and asset price movements can help predict it. To measure … prices, for example). The exercise is performed for Canada, but the methodology is suitable for any country that fits the …

This paper presents some new results on the price discovery process in both the Canadian and U.S. 10-year Government … BrokerTec. In general, we find that relatively more price discovery occurs in the futures markets than the cash markets in both … Canada and the U.S. and that the results look remarkably similar across the two countries despite the large differences in …