News

• December 20, 2000

  David Dodge Appointed Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada announced today that, pursuant to Section 6 of the Bank of Canada Act, it has appointed David Dodge as Governor of the Bank of Canada for a seven-year term, effective 1 February 2001.

  Content Type(s): Press, Press releases
• December 5, 2000

  Bank of Canada keeps Bank Rate at 6 per cent

  Media Relations Ottawa, Ontario

  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.

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

  Bank of Canada Governor concludes that a floating exchange rate regime continues to make sense for Canada

  Media Relations Montréal, Quebec

  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.

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

  Why a Floating Exchange Rate Regime Makes Sense for Canada

  Remarks Gordon Thiessen Chambre de commerce du Montréal métropolitain Montréal, Quebec

  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.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 29, 2000

  Government of Canada Pilot Cash Management Bond Buyback Program Launch: Operational Framework

  On behalf of the Minister of Finance, the Bank of Canada announced today that the government will be proceeding on a pilot basis with a bond buyback program for cash management purposes. The program is designed to reduce the peak levels of government cash balances needed to redeem large upcoming maturities of Government of Canada marketable bonds. Design of the operational framework has been based on consultations with market participants.

  Content Type(s): Press, Announcements
• November 9, 2000

  Release of the Monetary Policy Report

  Opening statement Gordon Thiessen

  This morning we released our latest Monetary Policy Report. In the six months since the May Report, our economy has outperformed expectations, spurred by strong domestic and foreign demand for Canadian products. We now expect that growth will average 5 per cent in 2000 and 3 to 4 per cent in 2001. Despite this stronger-than-anticipated […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• November 9, 2000

  Bank of Canada releases semi-annual Monetary Policy Report

  Media Relations

  The Bank of Canada today released its twelfth semi-annual 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
• October 30, 2000

  Bank of Canada releases dates for announcing Bank Rate actions

  Media Relations Ottawa, Ontario

  The Bank of Canada today made public the dates through the year 2001 on which it will announce any changes to the official interest rate it uses to implement monetary policy. Last month the Bank outlined its plan to adopt a new system of pre-set or "fixed" dates for announcing changes to the Bank Rate, […]

  Content Type(s): Press, Press releases
• October 17, 2000

  Can a Bank Change? The Evolution of Monetary Policy at the Bank of Canada 1935–2000

  Lecture Gordon Thiessen Faculty of Social Science, University of Western Ontario

  Over this period, there has been a fundamental transformation in the way monetary policy is conducted in Canada and in most other industrial countries. While globalization and technological change have played an important role in this area, as in so many others, they have not, to my mind, been the principal driving force behind this transformation. Far more important has been the interaction of experience and economic theory.

  Content Type(s): Press, Speeches and appearances, Lectures
• September 26, 2000

  Bank of Canada to issue new bank notes

  Media Relations Ottawa, Ontario

  The Bank of Canada will issue a new series of bank notes beginning in January 2001 to further enhance the security of Canada's currency.

  Content Type(s): Press, Press releases