April 21, 2004
Press
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April 20, 2004
Opening Statement before the Senate Banking, Trade and Commerce Committee
The Canadian economy continues to adjust to developments in the global economy such as stronger world demand, higher commodity prices, and the realignment of world currencies, including the Canadian dollar. Emerging-market economies, especially China and India, are contributing to intensified competition but are also creating new trading opportunities for Canada. -
April 19, 2004
Economic and Financial Policies for Growth in the Americas: A Canadian Perspective
The giant emerging-market economies of China and India are truly changing the economic balance across the Pacific in a way that none of us can afford to ignore. The sheer size of these two economies is very impressive in itself: together, they account for close to 40 per cent of the world's population. -
April 15, 2004
Bank of Canada releases Monetary Policy Report
The Bank of Canada today released its April Monetary Policy Report, which reviews economic and financial trends in the context of Canada's inflation-control strategy. -
April 15, 2004
Release of the Monetary Policy Report
The Canadian economy continues to adjust to developments in the global economy, such as stronger world demand, higher commodity prices, and the realignment of world currencies, including the Canadian dollar. -
April 13, 2004
Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent.
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March 30, 2004
Debt Strategy Consultations 2004/05 - Summary of Comments
In January 2004, officials from the Department of Finance and the Bank of Canada consulted with market participants on issues related to the government's domestic debt program. To allow for comments from a broader range of participants, the Debt Strategy 2004/05 Consultation Document had been made available in December 2003. -
March 30, 2004
Asia and the Global Economy
To state the obvious, Canada is a very open economy, heavily dependent on foreign trade. What goes on in the rest of the world can have a substantial impact on our domestic economy. -
March 17, 2004
The Bank of Canada Issues New $100 Bank Notes
The Bank of Canada today officially put into circulation Canada's new $100 bank notes. The new notes will be distributed and become available across the country over the next two weeks.
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March 16, 2004
Adjusting to Global Economic Change
There is a great physical distance between our two countries - in terms of latitude, there are about 80 degrees of separation between Buenos Aires and Ottawa. But despite that distance, Canada and Argentina are closer, and have more in common, than you might think. We are both federations, with a certain natural tension between the national government and relatively powerful provinces.