Social and Behavioral Sciences Commons^™

Stability And Crisis Response: Comparing The U.S. And Canadian Banking Systems, Sarah E. Boslaugh

Undergraduate Research Symposium

In 2007-08, the United States experienced a banking crisis, as 5 of the 6 other G-7 countries. The exception? Canada, which experienced only a mild recession, with no bank failures or government bank bailouts. Further research reveals that while banking crises have been commonplace in the United States (8 occurred in the 19th century alone), they are essentially nonexistent in Canadian history. I find that the primary reasons for these differences in national experience lie not in the strictness of government regulation or the qualifications demanded of borrowers in the two countries, but in the differing structures of the banking …

Current Developmental Challenges In Nepal: How Can The Diaspora Help?, Ambika P. Adhikari

Himalayan Research Papers Archive

Nepal now enjoys a unique opportunity to positively transform the country’s economy and society. The economic activities fueled by remittance, supported by foreign aid, and aided by domestic economic activities such as tourism, trade, and services, including start-ups, are helping increase individual incomes. However, the earnings from remittances, which measure to about 25% of Nepal’s GDP, are spent on consumer goods and not on investments that can generate employment and raise the standards of living. The foreign aid is often donor driven and also not always well managed and wisely spent on national priorities. Further, it is frequently marred by …

Recent Trends In The Canadian Automobile Industry From 2007 To 2022: The Increasing Presence Of Japanese Automakers In Canada, Tamiko Kurihara

Japanese Society and Culture

Abstract

This paper attempts to clarify characteristics of the Canadian automobile industry after the Lehman Shock of 2008. The examination, based on motor vehicle production units from 2007 to 2021, reveals the following three points. First, from the global perspective, the center of automobile production shifted from developed countries to emerging economies such as China. Second, within the United States-Mexico-Canada Agreement (USMCA), automobile production shifted toward Mexico. Finally, with the increase in automobile production by Toyota and Honda, their presence has grown in the Canadian automobile industry.

The United States government along with the Canadian federal and the Ontario provincial …

To Be Or Not To Be: The Relationship Between Economic Diversity And Unemployment Rates In Canadian Cities During The Covid-19 Induced Shock, Yahaya Alphonse

Major Papers

Regional scholars have broadly studied the role of economic structure in shielding a community from economic shocks. This research has generally involved comparing diversity against specialization. This study compares differences within varying degrees of economic diversity in Canadian cities. Canada has received very little attention in this field despite the importance this knowledge could provide in shaping Canadian economic policy. This paper aims to fill in this gap by analyzing the role economic diversity played in acting as a structural buffer to the COVID-19-induced economic shock. This analysis is done utilizing a Herfindahl Hirschman Index to measure economic diversity and …

An Investigation On Wage Penalties: The Effect Of Foreign-Born Status On Employee Wages, Salaries, And Incomes In The United States And Canada, Lucy C. Dustman

Scripps Senior Theses

This paper investigates whether there is a wage penalty that negatively affects foreign-born employees in the United States and Canada, addressing the following two questions: (1) Does being a foreign-born employee result in a wage penalty in the United States and Canada? And if so, (2) How does this penalty differ across the two countries over time? With data collected from the Integrated Public Use Microdata Series (IPUMs), four separate multiple linear regression models are estimated to compare the presence of wage penalties across various industries and occupations. These analyses cover the following comparisons: the United States in 1990 and …

Housing From A Social Harm Perspective, Addison David Kornel

Electronic Theses and Dissertations

From 2019 to 2022 housing prices in Canada surged. This paper investigates the social consequences of rising prices by considering the exceptional example of Windsor, Ontario. Unlike in most Canadian cities, the “Canadian dream” social narrative of timely and reliable homeownership on the back of local labour wages had survived in Windsor until recently. The latest run-up marked a turning point. Qualitative interviews conducted in early 2022 with both successful and unsuccessful homebuyers in Windsor reveal the centrality of homeownership to the life course and social fabric. Participants articulated long-standing economic and sociological concerns that home value spikes drive wealth …

A Global Palette Of Insightful Reviews, Nikhilesh Dholakia, Deniz Atik

Markets, Globalization & Development Review

No abstract provided.

Canada: Government Bond Purchase Program, Corey N. Runkel

Journal of Financial Crises

In Canada, the shock of the COVID-19 crisis drove up bid-ask spreads on Government of Canada (GoC) bonds. The Bank of Canada (BoC) announced the Government Bond Purchase Program (GBPP) to support the functioning of its government bond market, support other market liquidity tools, and replace the BoC's long-standing fiscal agent activities. The GBPP conducted multi-rate reverse auctions with primary dealers to purchase GoC bonds in the secondary market. The GBPP purchased bonds across the yield curve but concentrated on two- and five-year tenors. In June 2020, with CAD 64.7 billion (USD 48 billion) outstanding, the BoC announced that the …

Canada: Corporate Bond Purchase Program, Sharon M. Nunn

Journal of Financial Crises

The Bank of Canada (BoC) activated its Corporate Bond Purchase Program (CBPP) from May 26, 2020, to May 26, 2021, in response to liquidity strains in corporate bond markets that stemmed from economic uncertainty and the COVID-19 pandemic. Policymakers enacted the CBPP as part of a broader suite of policies meant to stabilize the Canadian economy. Through the CBPP, the BoC purchased Canadian corporate bonds through a tender process on the secondary market. The CBPP could hold up to CAD 10 billion (USD 7.7 billion) par value of eligible bonds issued by specific non-deposit-taking firms incorporated in Canada. The bonds …

Canada: Bankers’ Acceptance Purchase Facility, Corey N. Runkel

Journal of Financial Crises

Bankers’ acceptances (BAs) are a form of investment security guaranteed by banks to fund loans to businesses against their credit lines. In Canada, BAs underpin the Canadian Dollar Offered Rate (CDOR), the main benchmark used to calculate floating interest rates in Canada’s derivatives market. In 2018, BAs formed the largest segment of money market securities traded in the secondary market at around CAD 35 billion (USD 26 billion) per week. When asset managers and the country’s public pension providers began shedding BAs amid the COVID-19 pandemic in early 2020, CDOR spiked, and the effects threatened to ripple throughout the Canadian …

Canada: Term Loan Facility, Priya Sankar

Journal of Financial Crises

As the Global Financial Crisis deepened into late 2008, liquidity continued to deteriorate in Canadian credit markets. Canadian financial institutions curtailed their lending, which increased funding costs and reduced market-wide liquidity. In response, the Bank of Canada (BoC) took extraordinary measures to provide liquidity to financial market participants and improve credit conditions. On November 12, 2008, the BoC established the Term Loan Facility (TLF) to extend credit at a penalty rate for terms of approximately one month. The TLF was available to 14 major banks that were direct participants in Canada’s payments system, the Large Value Transfer System. Participants could …

Canada: Contingent Term Repo Facility, Sharon M. Nunn

Journal of Financial Crises

The Bank of Canada (BoC) activated its Contingent Term Repo Facility (CTRF) from April 2020 to April 2021 in response to liquidity strains in markets that stemmed from economic uncertainty and the COVID-19 pandemic. The facility complemented other BoC liquidity facilities by broadening access to the central bank’s repurchase (repo) operations beyond primary dealers and their affiliates, to large asset managers active in Canadian dollar money markets or fixed income markets. The CTRF offered one-month term funding to eligible counterparties on a bilateral basis against securities issued or guaranteed by the government of Canada or a provincial government. In the …

The Rescue Of The Us Auto Industry, Module C: Restructuring Chrysler Through Bankruptcy, Alexander Nye

Journal of Financial Crises

In late 2008, due to the confluence of the financial crisis and years of structural decline in the auto industry, Chrysler was nearing bankruptcy. The US Treasury provided Chrysler’s owner, Chrysler Holding, with a $4 billion bridge loan and Chrysler’s related finance company, Chrysler Financial, with a $1.5 billion financing program under the Troubled Assets Relief Program (TARP). The government-led restructuring through bankruptcy involved the commitment of roughly $5 billion in debtor-in-possession (DIP) loans from the US Treasury and the Canadian government, under which the US Treasury ultimately lent $1.89 billion, using TARP funds, and Canada lent about $1 billion, …

'Indirect Pathways Into Practice': Philippine Internationally Educated Nurses And Their Entry Into Ontario's Nursing Profession, Lualhati Marcelino

Theses and Dissertations (Comprehensive)

While there are several studies that highlight the quantitative and statistical profiles of internationally educated nurses (IENs) from the Philippines who migrate to countries throughout Asia, the Middle East, Europe, the United States and Canada, there is little research that delves deeply into the qualitative review and analysis of their experiences in their own words. This study addresses that gap by applying the transnational feminist concept of “global care chains” in a single case study design that explores the experience of nurses who migrated to Ontario through permanent and temporary immigration streams and were interviewed in 2011 to 2012 to …

Interstate 11: The Road To Prosperity In Nevada, Arthur C. Nelson

Policy Briefs and Reports

Interstate 11 (I-11) offers Nevada a unique opportunity to advance the economic development prospects of one of the state’s most economically challenged areas: Elko and eastern Nevada. Although the state used a qualitative system to choose a western route for I-11, this process may not have considered fully the costs of extending I-11 to Canada in a cost-effective manner or in a manner consistent with I-11 purposes, especially avoiding congested areas. This briefing report reviews the history and purposes of I-11; summarizes the I-11 route options; considers how I-11 might extend to Canada in a way that is consistent with …

Submission To Canadian Government Consultation On A Modern Copyright Framework For Ai And The Internet Of Things, Sean Flynn, Lucie Guibault, Christian Handke, Joan-Josep Vallbé, Michael Palmedo, Carys J. Craig, Michael Geist, João Quintais

Testimony and Submissions

We are grateful for the opportunity to participate in the Canadian Government’s consultation on a modern copyright framework for AI and the Internet of Things. Below, we present some of our research findings relating to the importance of flexibility in copyright law to permit text and data mining (“TDM”). As the consultation paper recognizes, TDM is a critical element of artificial intelligence. Our research supports the adoption of a specific exception for uses of works in TDM to supplement Canada’s existing general fair dealing exception.

Empirical research shows that more publication of citable research takes place in countries with “open” …

Canadian Banks And Imperialism In The English-Speaking Caribbean, Tamanisha J. John

FIU Electronic Theses and Dissertations

Canadian banks have been important components of an imperialist system since at least the 19^th century. However, their long and rich history of operating as purely exploitative entities in the English-speaking Caribbean region is often overlooked— leading to many incomplete and conflicting narratives about Canada’s role within the global system. I argue that Canada is an imperial actor that exerts agency in supporting a Canadian banking oligopoly both within Canada and in the English-speaking Caribbean. Insufficient attention is given to these Canadian banks, especially considering the power they have wielded in the Caribbean over the centuries. By analyzing the …

The Exploitation Or Protection Of Communities And Exploited Persons?, Spencer Boldt

Undergraduate Honors Theses

This study was intended to dissect the inner workings of the newly implemented Bill C-36 in Canada, The Protection of Communities and Exploited Peoples Act through a mixed methods approach. This was done through comparing statistical research (demographics, crime data, and overall economic state) within Regina to interviews conducted with those individually involved in prostitution and the community of the city. This study was meant to draw out the differences between what the statistics depict, a growth in the overall safety of Regina, versus the perspectives gained from multiple interviewees. With this mixed method approach I have deduced that Bill …

The Impact Of The Yield Curve On Bank Equity Returns: Evidence From Canada, Robert N. Killins, Peter V. Egly, Sourav Batabyal

Economics and Finance Faculty Publications and Presentations

We examine the reaction of Canadian banks equity returns to changes in yield curve spreads. We find that Canadian banks equity returns are positively impacted by contemporaneous (and lagged) yield curve spreads. Our results also suggest that Canadian banks have become more sensitive to changes in the slope of the yield curve in the post 2007-2009 financial crisis. We also find an asymmetric impact of the slope of the yield curve on Canadian bank equity returns. For equity investors, the yield curve’s relevance varies with spreadmaturities. Our findings have important implications for the estimations of banks’ cost of capital and …

A Walkthrough Of The Canadian Video Game Industry: An Economic Geography Perspective On The Digital Entertainment Frontier, Grant L. Morin

Electronic Thesis and Dissertation Repository

The video game industry has been examined since the 1970’s, yet individual country analysis from an economic geography perspective has been lacking. It is the contribution of this dissertation to utilize the agglomeration economy and location theory literature in its application to the Canadian video game industry.

To understand this industry, a mixed-method approach is used. Kernel density maps, standard deviational ellipses, and mapping processes were used to illustrate the dispersion and clustering patterns of studios in Canada. In addition, a Poisson regression was performed using count data of the number of video game firms in census metropolitan areas. The …

Health Is Wealth: The Correlation Of Wellness Programs & Productivity In Canada And The U.S., Madeline Wert

Business and Economics Summer Fellows

Does health impact the productivity of workers? Are there differences between the U.S. and Canada? Firms both in Canada and the U.S. deal with issues of presenteeism and absenteeism. Presenteeism is when an employee shows up to work but they are distracted by their own or a family member’s health issue. One response to reduce presenteeism and absenteeism are workplace wellness programs. Workplace wellness programs are facilitated programs by a firm to promote the health and wellbeing of their employees, which benefits the employer and the employees. There are additional incentives for U.S. employers to implement workplace wellness programs as …

Medical Innovation And The Employment Of Cancer Patients, R. Vincent Pohl

Employment Research Newsletter

No abstract provided.

Medical Innovation And The Employment Of Cancer Patients, R. Vincent Pohl

Upjohn Institute Policy and Research Briefs

No abstract provided.

Medical Innovation, Education, And Labor Market Outcomes Of Cancer Patients, Sung-Hee Jeon, R. Vincent Pohl

Upjohn Institute Working Papers

Innovations in cancer treatment have lowered mortality, but little is known about their economic benefits. We assess the effect of two decades of improvements in cancer treatment options on the labor market outcomes of breast and prostate cancer patients. In addition, we compare this effect across cancer patients with different levels of educational attainment. We estimate the effect of medical innovation on cancer patients’ labor market outcomes employing tax return and cancer registry data from Canada and measuring medical innovation by using the number of approved drugs and a quality-adjusted patent index. While cancer patients are less likely to work …

How Two Sunken Ships Caused A War: The Legal And Cultural Battle Between Great Britain, Canada, And The Inuit Over The Franklin Expedition Shipwrecks, Christina Labarge

Loyola of Los Angeles International and Comparative Law Review

No abstract provided.

Venezuela Undermines Gold Miner Crystallex's Attempts To Recover On Its Icsid Award, Sam Wesson

Loyola of Los Angeles International and Comparative Law Review

No abstract provided.

Oil Prices And Economic Growth: Cases Of Canada And Usa, Seth Kwei Etsibah-Tackie

Major Papers

The effects of oil prices on economies has been subjected to a lot of scrutiny since the 1960’s. This study conducts an analysis of the impact of oil price shocks on two oil exporting nations, Canada and USA. The transmission mechanisms of oil price changes to any economy vary from the supply effect to the demand effect. High crude oil prices impact the Canadian economy and USA through a variety of channels, in both positive and negative ways. Ceteris paribus more revenue is made when oil prices increase. In this study, I run an ordinary least square estimation with time …

Governing Chinese Engagement With The Hydrocarbon-Rich Countries; Examining Chinese Investment In The Hydrocarbon Sector Of Canada And Russia, Anastasia Ufimtseva

Theses and Dissertations (Comprehensive)

China’s global quest for energy has been one of the most fascinating developments of the past twenty years. As Chinese state-owned enterprises (SOEs) have increasingly gone ‘global’ in search of energy resources, scholars have explored the rationale and implications of China’s investment abroad. However, existing studies have yet to examine the ability of Chinese SOEs to complete the intended investment projects. Several studies that have noted this gap suggest that researchers should examine the ability of Chinese SOEs to adapt to different institutional environments (Smith and D’Arcy 2013) and to analyze the responses of local stakeholders to Chinese SOEs’ engagement …

Trade Rout: As Trade Tensions Built Between U.S. And Canada, This American Border Town Felt The Freeze, Matt Cutler, Isaac Carey

Capstones

A close business relationship with Canada has allowed Plattsburgh to thrive as a manufacturing town. Over 100 Quebec-based companies operate there, and 15 percent of the workforce in the county gets its paycheck from a Canadian company. Even more impressive, this comes at a time when manufacturing jobs are declining nationwide. While factories are shutting down across the rust belt, in Plattsburgh they are opening up.

There is just one problem.

All of this was made possible by the North American Free Trade Agreement, or NAFTA. And just this April, the Trump administration abruptly threatened to pull out of the …

The Current State Of Workers' Compensation: Benefit Adequacy, Return To Work, And Prevention, Marcus Dillender, H. Allan Hunt

H. Allan Hunt

No abstract provided.