News

• March 3, 2009

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

  Content Type(s): Press, Press releases
• February 23, 2009

  Knowledge is Power – Advancing Competitiveness in Changing Times

  Presentation Paul Jenkins Colleges Ontario conference

  Content Type(s): Press, Speeches and appearances, Presentations
• February 18, 2009

  Bank of Canada announces Deputy Governor appointment

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Timothy D. Lane as Deputy Governor and member of the Governing Council of the Bank effective 18 February.

  Content Type(s): Press, Press releases
• February 10, 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

  Let me state at the outset that the speed and synchronized nature of the recent global downturn has resulted in a heightened degree of uncertainty, which is evident in the diverse views on the outlook.

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

  Bank of Canada's continued focus on inflation right for current economic times: Governor Carney

  Media Relations Halifax, Nova Scotia

  Canadians can be confident that monetary policy will maintain a "relentless" focus on controlling inflation, whether it rises above or drops below the official target range, Bank of Canada Governor Mark Carney said today.

  Content Type(s): Press, Press releases
• January 27, 2009

  Inflation Targeting in a Global Recession

  Remarks Mark Carney Halifax Chamber of Commerce Halifax, Nova Scotia

  These are challenging times, indeed. We are facing a financial crisis without comparison for generations. Most financial markets have experienced historic declines in prices and unprecedented spikes in volatility.

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

  Bank of Canada releases Monetary Policy Report Update

  Media Relations Ottawa, Ontario

  In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity.

  Content Type(s): Press, Press releases
• January 22, 2009

  Release of the Monetary Policy Report Update

  Opening statement Mark Carney Ottawa, Ontario

  The outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity.

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

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

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

  Financial Stability through Sound Risk Management

  Remarks Pierre Duguay Risk Management Association, Toronto Chapter Toronto, Ontario

  The extraordinary turmoil of 2007 and 2008 has brought to the fore many issues and challenges, most of which will be with us for some time as we deal with what has become the deepest financial crisis since the 1930s. Policy-makers around the world have taken bold and timely steps to deal with the financial instability and economic crisis, but it will take time for confidence to be restored and for markets to become fully functional again.

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