November 3, 2008
News
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October 23, 2008
Bank of Canada releases Monetary Policy Report
The Bank of Canada today released its October Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. -
October 23, 2008
Release of the Monetary Policy Report
In Canada, our financial system is sound, and our financial institutions are already well capitalized. We are nonetheless affected by global developments. That is why the Bank of Canada has taken extraordinary measures to provide liquidity. -
October 21, 2008
Bank of Canada lowers overnight rate target by 1/4 percentage point to 2 1/4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent. -
October 8, 2008
Central Banks Announce Coordinated Interest Rate Reductions
Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial markets. -
September 25, 2008
Governor Carney Discusses Impact of Recent International Developments
The world is grappling with dramatic events that have seized up markets, sparked a massive flight to quality and caused some great names in the world of finance to succumb, Bank of Canada Governor Mark Carney said today. -
September 25, 2008
Reflections on Recent International Economic Developments
The events of the past few weeks in global financial markets have been dramatic. Money and credit markets seized up. There was a massive flight to the safety of the highest quality of government debt. -
September 18, 2008
Measuring Inflation: Methodology and Misconceptions
These past few months have been busy for central bankers, to say the least, and the past few days are certainly no exception. While developments on Wall Street have garnered much attention, the cost of living has also been an issue for us all, whether we're buying gas at the pumps, booking an airline ticket, or just picking up a loaf of bread at the grocery store. -
September 15, 2008
Counterfeit $100 bills circulating in the Greater Montréal Area
The Bank of Canada, the Royal Canadian Mounted Police, the Sûreté du Québec, and the Service de Police de la Ville de Montréal are warning the public that counterfeit $100 notes of the latestbank note series (the series that features a metallic stripe) are circulating in the Greater Montréal Area. -
September 15, 2008
Bank of Canada issues statement on recent market developments
The Bank of Canada is closely monitoring global market developments.