News

• March 22, 2000

  Bank Rate Raised by ¼ Percentage Point to 5½ Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5½ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5¼ per cent.

  Content Type(s): Press, Press releases
• March 9, 2000

  The Conduct of Monetary Policy When You Live Next Door to a Large Neighbour

  Remarks Gordon Thiessen Canadian Society of New York New York, New York

  Both in Canada and elsewhere, much ink has been spilled over the past year on the pros and cons of different exchange rate regimes and the implications for monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 9, 2000

  Bank of Canada Governor speaks to the Canadian Society of New York

  Media Relations New York, New York

  In a speech today to the Canadian Society of New York, Bank of Canada Governor Gordon Thiessen talked about Canada’s experience with a floating exchange rate and an independent monetary policy, despite close integration with the much larger U.S. economy.

  Content Type(s): Press, Press releases