February 25, 2013
News
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February 25, 2013
Rebuilding trust in banking is vital to improving the pace of global economic recovery, says Bank of Canada Governor Mark Carney
While much progress has been made reforming the global financial system, to restore fully trust in banking there remains a fundamental need for financial institutions to rediscover their core values, Bank of Canada Governor Mark Carney said today in a speech at Western University in London, Ontario. The real economy relies on the financial system, […] -
February 21, 2013
Bank of Canada announces Deputy Governor Appointment
The Board of Directors of the Bank of Canada today announced the appointment of Lawrence L. Schembri as Deputy Governor effective 25 February 2013. -
February 21, 2013
Bank of Canada Review - Winter 2012-2013
This issue features a summary of the Bank’s annual conference, Financial Intermediation and Vulnerabilities, which took place in October 2012, as well as two articles that present analysis of international macroeconomic coordination since the global financial crisis and the U.S. recovery from the Great Recession.
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February 12, 2013
Opening Statement before the House of Commons Standing Committee on Finance
Good morning. Tiff and I are pleased to be here with you today to discuss the January Monetary Policy Report, which the Bank recently published. While the global economic outlook is slightly weaker than the Bank had projected in October MPR, global tail risks have also diminished. The economic expansion in the United States is […] -
February 12, 2013
Statement by G7 Finance Ministers and Central Bank Governors
We, the G7 Ministers and Governors, reaffirm our longstanding commitment to market determined exchange rates and to consult closely in regard to actions in foreign exchange markets. We reaffirm that our fiscal and monetary policies have been and will remain oriented towards meeting our respective domestic objectives using domestic instruments, and that we will not […] -
February 11, 2013
Financial Stability in One Country?
Deputy Governor Tim Lane discusses the cross-border implications of financial instability and financial reform. -
January 23, 2013
Release of the Monetary Policy Report
Press conference following the release of the Monetary Policy Report. -
January 23, 2013
Bank of Canada maintains overnight rate target at 1 per cent
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. -
January 23, 2013
Monetary Policy Report – January 2013
Following an estimated 1.9 per cent in 2012, the Canadian economy is expected to grow by 2.0 per cent in 2013 and 2.7 per cent in 2014, and to reach full capacity in the second half of 2014, later than anticipated in the October Report.