News

• December 16, 2011

  Bank of Canada Announces Appointment of Special Adviser

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointment of Evan W. Siddall as Special Adviser to the Governor.

  Content Type(s): Press, Press releases
• December 12, 2011

  Growth in the Age of Deleveraging

  Remarks Mark Carney Empire Club of Canada / Canadian Club of Toronto Toronto, Ontario

  Governor Mark Carney discusses the factors driving global deleveraging and the implications for economic growth in Canada.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 12, 2011

  Prolonged Period of Deleveraging Ahead, Says Bank of Canada Governor Mark Carney

  Media Relations Toronto, Ontario

  The world’s advanced economies are entering a prolonged period of deleveraging after several decades of accumulating debt, Bank of Canada Governor Mark Carney said today. “The direction may be clear, but the magnitude and abruptness of the process are not. It could be long and orderly or it could be sharp and chaotic.” “In general, […]

  Content Type(s): Press, Press releases
• December 8, 2011

  Financial System Review - December 2011

  

  In this issue of the Financial System Review, the Bank of Canada’s Governing Council judges that the risks to the stability of Canada’s financial system are high and have increased markedly over the past six months, owing primarily to an escalation of the sovereign debt crisis in the euro area and a weaker global economic outlook.

  Erratum: The data for Chart 7 on page 8 were plotted incorrectly. See revised chart.

  Content Type(s): Publications, Financial Stability Report
• December 6, 2011

  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