Press Releases

• May 17, 2000

  Bank of Canada Raises Target Overnight Rate by ½ Percentage Point to 5¾ Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada raised its target for the overnight rate by one-half of one percentage point to 5¾ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank Rate is now 6 per cent.

  Content Type(s): Press, Press releases
• May 11, 2000

  Bank of Canada releases its semi-annual Monetary Policy Report

  Media Relations

  The Bank of Canada today released its eleventh Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. The Monetary Policy Report is published every May and November.

  Content Type(s): Press, Press releases
• May 8, 2000

  Bank of Canada to Stop Issuing $1000 Note

  Media Relations

  The Bank of Canada announced today that, effective May 12, it will stop issuing $1000 bank notes and will begin to withdraw them from circulation. The announcement follows the federal government's approval of an amendment to the Bank of Canada Notes Regulations to eliminate the $1000 note as part of the fight against money laundering […]

  Content Type(s): Press, Press releases
• May 4, 2000

  Bank of Canada Governor Gordon Thiessen plans to retire on 31 January 2001

  Ted Requard

  Bank of Canada Governor Gordon Thiessen has officially informed the Bank’s Board of Directors and staff that he will retire at the end of his term, effective 31 January 2001.

  Content Type(s): Press, Press releases