News

• December 18, 2007

  Nominations Invited for the Bank of Canada's Law Enforcement Award of Excellence for Counterfeit Deterrence

  Media Relations Ottawa, Ontario

  Beginning today, the Bank of Canada is inviting nominations for the fifth annual Law Enforcement Award of Excellence for Counterfeit Deterrence. This award recognizes police officers, employees, or volunteers of a Canadian law-enforcement agency who have demonstrated outstanding commitment and initiative in counterfeiting deterrence and prevention.

  Content Type(s): Press, Press releases
• December 10, 2007

  Reflections on Developments in the Canadian Financial System

  Remarks David Dodge Canadian Club of Toronto and the Empire Club of Canada Toronto, Ontario

  It has become a tradition that I deliver a speech late in the year on issues related to the financial system. When I say "financial system," I mean financial institutions and markets, together with the clearing and settlement systems through which financial assets flow.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 10, 2007

  Governor Dodge Says Transparency Essential for Financial Market Efficiency

  Media Relations Toronto, Ontario

  Recent market events have shown how important it is to have appropriate levels of transparency and disclosure of information for financial markets to function well, Bank of Canada Governor David Dodge said today.

  Content Type(s): Press, Press releases
• December 6, 2007

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

  Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce

  In Canada, we were looking for weaker economic growth in the fourth quarter of this year and the first half of 2008, but some strengthening thereafter. As you can see from Table 2, we were expecting continued strong final domestic demand throughout the projection period, but considerably weaker net exports.

  Content Type(s): Press, Speeches and appearances, Opening statements
• December 5, 2007

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Mark Carney House of Commons Standing Committee on Finance

  Over time, it has become clear that the best contribution monetary policy can make to the promotion of the economic and financial welfare of Canada is to keep inflation low, stable, and predictable.

  Content Type(s): Press, Speeches and appearances, Opening statements
• December 4, 2007

  Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 1/4 per cent.

  Content Type(s): Press, Press releases
• November 20, 2007

  Managing Risks to Financial System Stability

  Remarks Pierre Duguay CFA Québec Québec, Québec

  The recent dislocations in credit markets have brought these issues into sharp focus. Among other things, the market turbulence has highlighted the critical role that confidence and liquidity play in financial markets.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 14, 2007

  Canada & Ontario in the Global Economy: Challenges in a Changing World

  Presentation Paul Jenkins Ontario Economic Summit

  Content Type(s): Press, Speeches and appearances, Presentations
• November 6, 2007

  North America in Today's Global Economic Setting

  Remarks Paul Jenkins Canadian Association of New York New York, New York

  In recent months, much has been said, and written, about developments in financial markets. The turbulence in global credit markets, which had its roots in developments in the market for subprime mortgages here in the United States, has been a focal point of attention for market participants and policy-makers around the world.

  Content Type(s): Press, Speeches and appearances, Remarks
• October 21, 2007

  Credit Market Turbulence and Policy Challenges Ahead

  Remarks David Dodge Institute of International Finance Washington, D.C.

  Given the Institute's membership and its focus on financial stability, I feel safe in saying that all of us here today watched this summer's turbulence in credit markets with interest, to put it mildly. What began in the spring as a repricing of credit risk turned into dislocations that have yet to fully run their course.

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