Press

• March 13, 2008

  Addressing Financial Market Turbulence

  Remarks Mark Carney Toronto Board of Trade Toronto, Ontario

  Since last summer, many of us here today have been preoccupied with the ongoing dislocations in financial markets. What began in securities linked to U.S. subprime mortgages has spread to a broad range of structured assets, conventional credit markets, and, to a lesser extent, equities.

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

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

  Opening statement Paul Jenkins Standing Senate Committee on Banking, Trade and Commerce

  Let me start by saying that the issue of internal trade barriers is critically important, and I'm very pleased, Mr. Chairman, that your committee is examining it. We have reviewed previous submissions to this committee, and you will see that our focus will be slightly different.

  Content Type(s): Press, Speeches and appearances, Opening statements
• March 11, 2008

  Bank of Canada Announces New Term PRA Transactions as part of Co-ordinated G10 Central Bank Actions

  Since the co-ordinated actions taken in December 2007, the G10 central banks have continued to work together closely and to consult regularly on liquidity pressures in funding markets. Pressures in some of these markets have recently increased again.

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

  Proposed Criteria for Accepting ABCP as Collateral for the Bank of Canada's Standing Liquidity Facility

  The Bank of Canada is seeking comments from direct participants in the Large Value Transfer System (LVTS) and other interested parties on the proposed eligibility criteria for accepting asset-backed commercial paper (ABCP) as collateral for the Bank of Canada's Standing Liquidity Facility (SLF).

  Content Type(s): Press, Announcements
• March 4, 2008

  Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent.

  Content Type(s): Press, Press releases
• February 26, 2008

  Summary of Comments - 2008/09 Debt Strategy Consultations

  Today, a Summary of Comments on the Debt Strategy Consultations for 2008/09 is being published on the Bank of Canada's website in conjunction with the release of the government's Debt Management Strategy for 2008/09 on the Department of Finance's website.

  Content Type(s): Press, Market notices
• February 18, 2008

  Governor Carney Discusses Impacts of Globalization on Canada

  Media Relations Vancouver, British Columbia

  Canada has adjusted well to sharp movements in its terms of trade and is enjoying the many benefits of a globalized economy, Bank of Canada Governor Mark Carney said today in a speech to the British Columbia Chamber of Commerce and the Business Council of British Columbia.

  Content Type(s): Press, Press releases
• February 18, 2008

  The Implications of Globalization for the Economy and Public Policy

  Remarks Mark Carney British Columbia Chamber of Commerce and the Business Council of British Columbia Vancouver, British Columbia

  I chose to speak about globalization at the outset of my tenure because it will continue to be one of the forces shaping our economy and economic policy for years to come. Steady advances in transportation, communication, and information technologies, underpinned by the more widespread adoption of free-market economic policies, are shrinking the globe and expanding the global economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 30, 2008

  Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology

  Opening statement Paul Jenkins House of Commons Standing Committee on Industry, Science and Technology

  To begin, as a little background I would like to quickly review the framework within which we conduct Canada's monetary policy. The Bank of Canada Act calls on us to mitigate "fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada."

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 24, 2008

  Bank of Canada releases Monetary Policy Report Update

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its January Monetary Policy Report Update.

  Content Type(s): Press, Press releases