News

• 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 16, 2000

  Release of the Monetary Policy Report Update

  Opening statement Gordon Thiessen

  This morning, we released our update to the November 1999 Monetary Policy Report. It gives the Governing Council's latest outlook for the economy and for inflation. Information received since November confirms that our economy performed well last year - expanding by close to 4 per cent between the fourth quarter of 1998 and the fourth […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• 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
• January 27, 2000

  Accountability and Transparency in Canada's Monetary Policy

  Remarks Gordon Thiessen Metropolitan Halifax Chamber of Commerce Halifax, Nova Scotia

  Public sector institutions have been undergoing significant changes over the past decade. One of the most important changes has been the move to greater accountability. Public institutions are now required to be more open and to provide more information about their operations. Or, to use the word currently in vogue, to be more “transparent.”

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