News

• March 20, 2001

  The Bank of Canada and Financial Stability

  Remarks David Dodge Montreal Society of Financial Analysts Montréal, Quebec

  While monetary stability through low inflation is crucial to good economic performance, our economy cannot function properly unless it is also supported by an efficient and stable financial system. And as the world economy becomes increasingly interconnected, sound macroeconomic policies and sound financial systems across all countries are even more essential.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 6, 2001

  Bank of Canada lowers Bank Rate to 5 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering the Bank Rate by one-half of one percentage point to 5 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 per cent.

  Content Type(s): Press, Press releases
• February 27, 2001

  Fall Consultations - 2000: Summary of Comments

  As it has done in the Fall of previous years, the Department of Finance jointly with the Bank of Canada held consultations with market participants on issues relating to the design and operation of government debt programs in 2001-2002.

  Content Type(s): Press, Announcements
• February 20, 2001

  Governor underlines Bank of Canada's ongoing commitment to good economic performance

  Media Relations Toronto, Ontario

  In highlighting the Bank's commitment to contribute to the economic well-being of Canadians, Mr. Dodge said that the Bank must continue to "conduct monetary policy so as to promote sustained economic growth, create conditions conducive to rising investment, employment, and incomes, and encourage a more stable macroeconomic environment." He stressed that the best contribution monetary policy can make to such an outcome is "to keep future inflation low, stable, and predictable."

  Content Type(s): Press, Press releases
• February 20, 2001

  The Bank of Canada and Monetary Policy: Future Directions

  Remarks David Dodge Toronto Board of Trade Toronto, Ontario

  There are three main issues I want to address publicly as I begin my term: the Bank's contribution to good economic performance; the Bank's contribution to promoting financial stability, both nationally and internationally; and the importance of open and frank dialogue with business, labour, and the general public.

  Content Type(s): Press, Speeches and appearances, Remarks
• February 6, 2001

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  This morning, we released our Update to last November's Monetary Policy Report. This Update was completed at the time of the Bank Rate announcement on 23 January. It presents the analysis on which we based our decision to reduce the Bank Rate by 25 basis points.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 25, 2001

  Group of Ten releases Report on Financial Sector Consolidation

  Today, the Group of Ten released its Report on Financial Sector Consolidation

  Content Type(s): Press, Announcements
• January 23, 2001

  Bank of Canada lowers Bank Rate to 5 3/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 3/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 1/2 per cent.

  Content Type(s): Press, Press releases
• January 22, 2001

  Bank of Canada Governor says Canada's economy faces the future with sound foundations

  Media Relations Toronto, Ontario

  In a speech to the Canadian Club of Toronto, Bank of Canada Governor Gordon Thiessen reviewed Canada's economic performance during the 1990s, focusing on the changes that have taken place in our economy and what these changes mean for the future.

  Content Type(s): Press, Press releases
• January 22, 2001

  Canada's Economic Future: What Have We Learned from the 1990s?

  Remarks Gordon Thiessen Canadian Club of Toronto Toronto, Ontario

  In early 1994, Canada's economic situation was not that favourable - our economy was facing some rather serious problems. Today, too, we face some challenges. But our overall economic and financial situation is much stronger now than it was seven years ago.

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