Media Relations - Latest

• 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
• April 26, 2000

  Bank of Canada Governor speaks to the Chambre de commerce régionale de Sainte-Foy

  Media Relations Sainte-Foy, Quebec

  Governor Gordon Thiessen today talked about the steps that Canada should take to preserve the current economic expansion and improve performance over the long run, in particular by reaping some of the potential gains from the technological revolution that is now sweeping the world.

  Content Type(s): Press, Press releases
• 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

  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
• February 17, 2000

  Bank of Canada Announces Appointments in Toronto and Montréal

  Media Relations

  To add to its presence in financial markets, the Bank of Canada has announced appointments to two new senior positions. Appointed are H. Ross MacKinnon as Director, Toronto Division and Jean-Pierre Aubry as Director, Montréal Division, both in the Financial Markets Department. In their new positions, Mr. MacKinnon and Mr. Aubry will contribute to the […]

  Content Type(s): Press, Press releases
• February 3, 2000

  Bank Rate Raised by 1/4 Percentage Point to 5 1/4 Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5¼ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5 per cent.

  Content Type(s): Press, Press releases
• January 27, 2000

  Bank of Canada Governor speaks to the Metropolitan Halifax Chamber of Commerce

  Media Relations Halifax, Nova Scotia

  There has been a dramatic move among major central banks over the past decade towards greater transparency in monetary policy, Bank of Canada Governor Gordon Thiessen told the Metropolitan Halifax Chamber of Commerce in a speech today. This process has been driven not only by the general trend to greater accountability on the part of […]

  Content Type(s): Press, Press releases