Press

• June 27, 2008

  Flexibility versus Credibility in Inflation-Targeting Frameworks

  Remarks Mark Carney 7th BIS Annual Conference Lucerne, Switzerland

  There are two broad classes of arguments for greater flexibility in the design and application of monetary policy frameworks. The BIS has done a great deal of useful work on asset-price targeting in particular and on the complicated interplay between monetary policy and financial stability in general.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 25, 2008

  United States Treasury Securities Accepted as Collateral for the Bank of Canada's Standing Liquidity Facility

  Further to its 12 December 2007 announcement, the Bank of Canada is expanding the list of securities eligible to be pledged as collateral for the Standing Liquidity Facility to include marketable securities issued by the United States Treasury (bills, notes and bonds, including Treasury Inflation-Protected Securities).

  Content Type(s): Press, Market notices
• June 23, 2008

  Bank of Canada Announces that Term PRA Maturing on 26 June will not be Renewed

  The Bank of Canada announced today that it will not renew the $1 billion term PRA maturing on 26 June.

  Content Type(s): Press, Market notices
• June 23, 2008

  Real Estate, Mortgage Markets, and Monetary Policy

  Remarks Sheryl Kennedy Investment Industry Association of Canada Banff, Alberta

  For many Canadians, one of the most important investments they'll make is the purchase of a house. And for you as financial market professionals, the links between the housing market and financial markets have important consequences.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 19, 2008

  Governor Carney Discusses the Role of Monetary Policy in the Face of the Commodities Boom

  Media Relations Calgary, Alberta

  The best contribution that the Bank of Canada can make to help all Canadians reap the benefits of the current commodities boom is to remain focused on achieving its inflation target, Governor Mark Carney said today in a speech to the Commodities, the Economy, and Money conference.

  Content Type(s): Press, Press releases
• June 19, 2008

  Capitalizing on the Commodity Boom: the Role of Monetary Policy

  Remarks Mark Carney Haskayne School of Business Calgary, Alberta

  We are experiencing a commodity super cycle. Throughout the current boom, the scale of price increases has been higher, and the range of affected commodities broader, than in previous upturns. Since 2002, grain and oilseed prices have more than doubled, base metals prices have tripled, and oil prices have quadrupled.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 12, 2008

  Results of the 12 June 2008 Term PRA Transaction

  Results of today's term PRA operations.

  Content Type(s): Press, Market notices
• June 10, 2008

  Bank of Canada keeps overnight rate target at 3 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent.

  Content Type(s): Press, Press releases
• June 10, 2008

  Bank of Canada Announces Term PRA Transaction

  As part of its provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it will enter into a 28-day term purchase and resale agreement (PRA) as follows:

  Content Type(s): Press, Market notices
• June 5, 2008

  Change in eligibility requirements for National Housing Act Mortgage-Backed Securities (NHA MBS) as collateral under the Bank of Canada's Standing Liquidity Facility (SLF): Minimum pool size lowered to $25 million from $75 million

  Effective immediately, the minimum pool size for eligibility of NHA MBS as collateral under the Bank of Canada's SLF will be lowered to $25 million from $75 million.

  Content Type(s): Press, Market notices