News

• June 1, 2010

  Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases
• June 1, 2010

  Re-Establishment of the Standard Operating Framework for the Implementation of Monetary Policy

  Media Relations Ottawa, Ontario

  As part of the Bank of Canada's interest rate decision on 1 June 2010, the Bank will re-establish the standard operating framework for the implementation of monetary policy.

  Content Type(s): Press, Press releases
• May 26, 2010

  Senate Committee on National Finance

  Opening statement Pierre Duguay Senate Committee on National Finance Ottawa, Ontario

  At year-end 2009, there were 1.8 billion bank notes in circulation, with a total value of $55.5 billion – approximately $1,630 per Canadian. The Bank of Canada is not responsible for coins. Decisions on coinage rest with the federal government, in particular, the Department of Finance, and with the Royal Canadian Mint.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 14, 2010

  17th Annual Meetings of Gouverneurs des banques centrales des pays francophones

  Media Relations Ottawa, Ontario

  As part of events related to its 75th anniversary, the Bank of Canada hosted the 17th annual meetings of Gouverneurs des banques centrales des pays francophones in Montréal from 12 to 14 May 2010.

  Content Type(s): Press, Press releases
• May 7, 2010

  The New Bank of Canada Commodity Price Index (BCPI)

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the introduction of a new Bank of Canada commodity price index (BCPI).

  Content Type(s): Press, Press releases
• May 6, 2010

  Is There a Commodity Curse? Lessons from the Past

  Remarks John Murray University of Alberta Institute for Public Economics and C.D. Howe Institute Edmonton, Alberta

  As the title of the conference suggests, we have seen many boom-and-bust cycles in the commodity sector. This raises one obvious and central question: How can we avoid them in the future?

  Content Type(s): Press, Speeches and appearances, Remarks
• April 29, 2010

  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

  Good morning, Mr. Chairman and committee members. I am pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 27, 2010

  Opening Statement before the House of Commons Standing Committee on Finance

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

  Good afternoon, Mr. Chairman and committee members. I am pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 22, 2010

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  Good Morning. I am pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published this morning.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 20, 2010

  Bank of Canada maintains overnight rate target at 1/4 per cent; removes conditional commitment

  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