News

• September 19, 2000

  Bank of Canada to adopt fixed dates for announcing Bank Rate changes

  Media Relations Ottawa, Ontario

  The Bank of Canada today outlined details of its plan to adopt a system of eight “fixed” or pre-specified dates each year for announcing any changes to the official interest rate it uses to implement monetary policy—the rate of interest it charges on short-term loans to financial institutions.

  Content Type(s): Press, Press releases
• September 14, 2000

  The Outlook for the Canadian Economy and the Conduct of Monetary Policy

  Remarks Gordon Thiessen Calgary Chamber of Commerce Calgary, Alberta

  Today, I would like to bring you up to date on the Bank of Canada's views about the outlook for the Canadian economy. Prospects for the period ahead are generally very favourable.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 14, 2000

  Bank of Canada Governor reviews economic developments and outlines proposed new arrangements for announcing interest rate changes

  Media Relations Calgary, Alberta

  In a speech to the Calgary Chamber of Commerce today, Bank of Canada Governor Gordon Thiessen gave an update on the Bank's outlook for the Canadian economy. He also outlined plans to move to a system of pre-set dates for announcing changes in official interest rates as part of the Bank's ongoing efforts to improve […]

  Content Type(s): Press, Press releases
• August 16, 2000

  Release of the Monetary Policy Report Update

  Opening statement Gordon Thiessen

  This morning we released our update to the May Monetary Policy Report. Overall, the outlook for Canadian economic growth and inflation is positive. Economic activity in Canada has remained strong since our May Report. Nonetheless, the underlying trend of inflation has been unexpectedly low - in the bottom half of our 1 to 3 per […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• June 15, 2000

  The Canadian Economy: Finding the Right Balance

  Remarks Gordon Thiessen Kelowna Chamber of Commerce Kelowna, British Columbia

  With the technological revolution that is currently sweeping the globe, dealing with change is a growing challenge for businesses these days. This revolution is erasing national frontiers, intensifying competition, and transforming economies everywhere.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 15, 2000

  Bank of Canada Governor speaks to the Kelowna Chamber of Commerce

  Media Relations Kelowna, British Columbia

  "Low and stable inflation is good for business, good for the consumer, and good for the economy as a whole," Bank of Canada Governor Gordon Thiessen told the Kelowna Chamber of Commerce today in a luncheon speech that focused on the contribution that monetary policy makes towards an environment that supports economic activity. Mr. Thiessen […]

  Content Type(s): Press, Press releases
• June 15, 2000

  Response to IDA Reconstitution Proposal

  The strip bond sub-committee of the Investment Dealers Association (IDA), in a letter dated June 23, 1999, has recommended that “the current ceiling on reconstitution of bonds should be removed to allow reconstitution beyond the quantity stripped by book entry, which at times may be beyond the original issue size”.

  Content Type(s): Press, Announcements
• June 1, 2000

  Bank of Canada Announces Appointment of Special Adviser

  Media Relations

  Professor Angela Redish of the University of British Columbia has been chosen to fill the visiting economist position of Special Adviser in the Bank of Canada for a one-year term beginning in August 2000.

  Content Type(s): Press, 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 16, 2000

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Gordon Thiessen House of Commons Standing Committee on Finance

  Last week, we released our eleventh Monetary Policy Report. Since our November Report, the Canadian economy has outperformed expectations. Bolstered by vigorous external and domestic demand, Canada's economic expansion strengthened in the second half of 1999 and into early 2000.

  Content Type(s): Press, Speeches and appearances, Opening statements