December 20, 2000
News
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December 5, 2000
Bank of Canada keeps Bank Rate at 6 per cent
The Bank of Canada today announced that it is maintaining the Bank Rate at 6 per cent. The operating band for the overnight rate is unchanged, and the Bank’s target for the overnight rate remains at 5 3/4 per cent. -
December 4, 2000
Bank of Canada Governor concludes that a floating exchange rate regime continues to make sense for Canada
In a speech to the Chambre de commerce du Montréal métropolitain, Bank of Canada Governor Gordon Thiessen reviewed the different sides of the argument with respect to a floating exchange rate regime, and concluded that a floating currency continues to make sense for Canada. -
December 4, 2000
Why a Floating Exchange Rate Regime Makes Sense for Canada
One of the issues that has often surfaced over the years is the exchange rate for the Canadian dollar. Indeed, over the past couple of years, it has been a topic of considerable public discussion.