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The Use of Financial Derivatives by Canadian Firms

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In Canada, about one-third of publicly listed non-financial firms use financial derivatives. The use of derivatives is widespread across all sectors of the economy and increases during periods of greater uncertainty. Non-financial firms that use derivatives are typically larger and more profitable and have lower volatility of earnings than those that do not use derivatives. Overall, the firm characteristics of Canadian hedgers seem to be consistent with those found in other jurisdictions.

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  • Teodora Paligorova & Rhonda Staskow, 2014. "The Use of Financial Derivatives by Canadian Firms," Bank of Canada Review, Bank of Canada, vol. 2014(Autumn), pages 47-54.
    • Handle: RePEc:bca:bcarev:v:2014:y:2014:i:autumn14:p:47-54
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    File URL: https://www.bankofcanada.ca/wp-content/uploads/2014/11/boc-review-autumn14-paligorova.pdf
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    Cited by:

    1. Viviana Alejandra Alfonso Corredor, 2018. "El uso de forwards peso dólar en las empresas colombianas del sector real," Borradores de Economia 1058, Banco de la Republica de Colombia.
    2. Humala, Alberto, 2019. "Corporate earnings sensitivity to FX volatility and currency exposure: evidence from Peru," Working Papers 2019-021, Banco Central de Reserva del Perú.

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