News

• August 15, 2007

  Bank of Canada Temporarily Expands List of Collateral Eligible for SPRA Transactions

  Media Relations Ottawa, Ontario

  As part of its continuing provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it is temporarily expanding the list of collateral eligible for use by market participants in Special Purchase and Resale Agreements (SPRAs).

  Content Type(s): Press, Press releases
• August 9, 2007

  Bank of Canada issues statement on provision of liquidity to support the stability and efficient function of financial markets

  Media Relations Ottawa, Ontario

  In light of current market conditions, the Bank of Canada would like to assure financial market participants and the public that it will provide liquidity to support the stability of the Canadian financial system and the continued functioning of financial markets.

  Content Type(s): Press, Press releases
• July 25, 2007

  Bank of Canada releases 2008 schedule of dates for its policy interest rate announcements

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its 2008 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year.

  Content Type(s): Press, Press releases
• July 18, 2007

  Update on Selection Process for Governor of the Bank of Canada Released by the Special Committee of the Bank's Board of Directors

  In accordance with the Bank of Canada Act, the Governor of the Bank of Canada is appointed by the independent directors with the approval of the Governor in Council (federal Cabinet). Following an announcement on 25 April 2007 that the current Governor, Mr. David Dodge, would not be seeking reappointment at the end of his seven year mandate on 31 January 2008, the Bank's Board of Directors initiated a process to find a replacement.

  Content Type(s): Press, Announcements
• July 12, 2007

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report. The Bank judges that the economy is now operating further above its production potential than was projected in April.

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 12, 2007

  Bank of Canada releases Monetary Policy Report Update

  Media Relations Ottawa, Ontario

  Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report.

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

  Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent.

  Content Type(s): Press, Press releases
• June 22, 2007

  Advertisement for position of Governor of the Bank of Canada

  The principal mission of the Bank of Canada is the formulation and implementation of Canada's national monetary policy to promote the economic and financial welfare of the country.

  Content Type(s): Press, Announcements
• June 21, 2007

  Global Integration, Monetary Policy, and the International Monetary System

  Remarks Tiff Macklem Winnipeg CFA Society Winnipeg, Manitoba

  Now, Manitoba – right in the middle of our vast country – might seem an odd place to talk about globalization. But this province, like the rest of Canada, is very much affected by global economic forces.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 13, 2007

  Demographics, Labour Input, and Economic Potential: Implications for Monetary Policy

  Remarks David Dodge St. John's Board of Trade St. John's, Newfoundland and Labrador

  Over the years, we at the Bank of Canada have learned that the best contribution that monetary policy can make to the economic welfare of Canadians is to keep inflation low, stable, and predictable. We try to keep the annual increase in consumer price inflation at 2 per cent, which is the middle of a 1 to 3 per cent inflation-control range.

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