News

• May 11, 2000

  Release of the Monetary Policy Report

  Opening statement Gordon Thiessen

  This morning we released our latest Monetary Policy Report. The outlook that we see for Canadian economic growth and inflation is very positive. The economy has outperformed expectations since our November Report and the underlying trend of inflation has been lower than expected. With the global economy gaining momentum and greater demand at home, we […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• 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
• 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
• April 26, 2000

  The Canadian Economy: Charting a Course for the Future

  Remarks Gordon Thiessen Chambre de commerce régionale de Sainte-Foy Sainte-Foy, Quebec

  The 1990s was a difficult period for Canada and the Canadian economy. From the beginning of the decade, it was clear that we had to grapple with the problems that had been hampering our economic performance through most of the 1970s and 1980s.

  Content Type(s): Press, Speeches and appearances, Remarks
• April 6, 2000

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Gordon Thiessen Standing Senate Committee on Banking, Trade and Commerce

  When I appeared before you last April, there was still a high degree of uncertainty in the global economy related to the 1997-98 financial crisis in emerging markets and the associated fall in world commodity prices.

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

  The Conduct of Monetary Policy When You Live Next Door to a Large Neighbour

  Remarks Gordon Thiessen Canadian Society of New York New York, New York

  Both in Canada and elsewhere, much ink has been spilled over the past year on the pros and cons of different exchange rate regimes and the implications for monetary policy.

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