Press

• October 20, 2010

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  The global economic recovery is entering a new phase. In advanced economies, temporary factors supporting growth in 2010, such as the inventory cycle and pent-up demand, have largely run their course and fiscal stimulus will shift to fiscal consolidation over the projection horizon.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 19, 2010

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases
• October 5, 2010

  Reflections on Monetary Policy After the Great Recession

  Remarks Tiff Macklem International Finance Club of Montréal Montréal, Quebec

  As a native Montrealer, I am particularly pleased to be coming home to deliver my first speech as Senior Deputy Governor of the Bank of Canada.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 30, 2010

  Bank of Canada Governor Mark Carney Discusses Employment in a Modest Recovery

  Media Relations Windsor, Ontario

  The global economy is entering a new phase of unusual uncertainty and the recovery can be expected to be modest and uneven, Bank of Canada Governor Mark Carney told the Windsor-Essex Chamber of Commerce today.

  Content Type(s): Press, Press releases
• September 30, 2010

  Employment in a Modest Recovery

  Remarks Mark Carney Windsor-Essex Regional Chamber of Commerce, Giovanni Caboto Club Windsor, Ontario

  Insights from financial markets are somewhat fleeting at the moment. A broad range of asset prices from the Canadian dollar to S&P500 futures to European sovereign spreads are unusually correlated and volatile.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 15, 2010

  Promoting Canada's Economic and Financial Well-being in an Uncertain World

  Presentation Timothy Lane St. John’s Board of Trade St. John's, Newfoundland and Labrador

  Content Type(s): Press, Speeches and appearances, Presentations
• September 14, 2010

  Bundesbank Lecture 2010: The Economic Consequences of the Reforms

  Remarks Mark Carney Deutsche Bundesbank Berlin, Germany

  Keynes wrote prophetically of the economic consequences of the Treaty of Versailles. Could the same be said of current financial reforms? Are policy-makers taking for granted the essential role performed by finance in a vain pursuit of its risk-proofing?

  Content Type(s): Press, Speeches and appearances, Remarks
• September 14, 2010

  Economic Case for Global Financial Sector Reform Compelling, Bank of Canada Governor Mark Carney Says

  Media Relations Berlin, Germany

  The economic case for global financial sector reform is compelling, and the basic stakes are enormous, Bank of Canada Governor Mark Carney argued today in Berlin in a lecture that focused on the costs and benefits of reform. "Without credible, coordinated financial reforms, we risk losing the open trading and financial system that has underpinned the economic miracle of recent times," he said.

  Content Type(s): Press, Press releases
• September 10, 2010

  Restoring Faith in the International Monetary System

  Remarks Mark Carney Spruce Meadows Changing Fortunes Round Table Calgary, Alberta

  We are three years into the global financial crisis, and its dynamics still dominate the economic outlook. In particular, broad forces of bank, household, and sovereign deleveraging can be expected to add to the variability and temper the pace of global economic growth in the years ahead.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 10, 2010

  Renewed faith in the international monetary system is essential for G20 success, says Bank of Canada Governor Mark Carney

  Media Relations Calgary, Alberta

  Bank of Canada Governor Mark Carney today urged the world's leading nations to ensure that their domestic policies are consistent with the G-20 framework for strong, sustainable, and balanced growth and to support the G-20 financial system reforms.

  Content Type(s): Press, Press releases