News

• October 29, 2009

  Senior Deputy Governor Paul Jenkins will leave the Bank at the end of his term in April 2010

  Media Relations Ottawa, Ontario

  Senior Deputy Governor Paul Jenkins has announced that he will not seek renewal of his term of office and will leave the Bank of Canada when his seven-year term expires in April 2010.

  Content Type(s): Press, Press releases
• October 29, 2009

  Process for selecting a Senior Deputy Governor of the Bank of Canada

  Media Relations

  Mr. Paul Jenkins, the current Senior Deputy Governor of the Bank of Canada, has advised the Bank that he will not seek renewal of his term of office and will leave the Bank of Canada when his current seven-year term expires in April 2010

  Content Type(s): Press, Press releases
• October 28, 2009

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

  Opening statement Mark Carney Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  While conditions in the Canadian economy have improved since we met with you in May, many of the basic challenges remain. Before Paul and I take your questions, allow me to outline some of the highlights from our latest Monetary Policy Report, which the Bank released last week.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 27, 2009

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario

  While conditions in the Canadian economy have improved since we met with you in February and April, many of the basic challenges remain. Before Paul and I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, released last week.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 26, 2009

  G-20 Reforms Will Support Long-Term Economic Prosperity, says Bank of Canada Governor Mark Carney

  Media Relations Montréal, Quebec

  "The fundamental objective of the G-20 reforms is to create a resilient, global financial system that efficiently supports worldwide economic growth," Governor Carney said in a speech today to the Autorité des marchés financiers.

  Content Type(s): Press, Press releases
• October 26, 2009

  Reforming the Global Financial System

  Remarks Mark Carney Rendez-vous avec l'Autorité des marchés financiers Montréal, Quebec

  After briefly reviewing the current macrofinancial environment, I intend to concentrate on the G-20 reform agenda. The financial crisis has cost tens of millions of jobs and trillions of dollars in foregone output.

  Content Type(s): Press, Speeches and appearances, Remarks
• October 22, 2009

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  Recent indicators point to the start of a global recovery. Economic and financial developments have been somewhat more favourable than we expected in July, although significant fragilities remain.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 20, 2009

  Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent.

  Content Type(s): Press, Press releases
• October 8, 2009

  Central Banking in Canada: Meeting Today's and Tomorrow's Challenges

  Remarks Paul Jenkins Vancouver Board of Trade Vancouver, British Columbia

  Indeed, the global financial crisis of the past two years has presented unique, stressful challenges that have forced us all to assess what has worked well and what needs to change. Today, I would like to review some of the critical thinking around these issues, primarily from the perspective of our work at the Bank of Canada.

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