News

• March 29, 2001

  Changes to certain Bank of Canada operational procedures relating to the Large Value Transfer System and the use of purchases and sales of bankers' acceptances in managing the Bank of Canada's balance sheet

  The Bank of Canada is changing two of its operational procedures relating to the Large Value Transfer System (LVTS), effective 2 April 2001.

  Content Type(s): Press, Announcements
• March 28, 2001

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce

  On this occasion, I would like to touch on the Bank's contribution to good economic performance, our emphasis on openness and transparency, and our role in promoting domestic and global financial stability. I will then comment on the Bank's view of current economic conditions and discuss any issues you may wish to raise.

  Content Type(s): Press, Speeches and appearances, Opening statements
• March 20, 2001

  Governor highlights Bank of Canada's contribution to domestic and global financial stability

  Media Relations Montréal, Quebec

  As an open economy, Canada has a strong interest in promoting a sound and robust international economic environment, Governor David Dodge said today, in a speech to the Montreal Society of Financial Analysts. He stressed that sound macroeconomic policies and robust and efficient financial systems are of paramount importance in an increasingly interconnected world.

  Content Type(s): Press, Press releases
• March 20, 2001

  The Bank of Canada and Financial Stability

  Remarks David Dodge Montreal Society of Financial Analysts Montréal, Quebec

  While monetary stability through low inflation is crucial to good economic performance, our economy cannot function properly unless it is also supported by an efficient and stable financial system. And as the world economy becomes increasingly interconnected, sound macroeconomic policies and sound financial systems across all countries are even more essential.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 6, 2001

  Bank of Canada lowers Bank Rate to 5 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering the Bank Rate by one-half of one percentage point to 5 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 per cent.

  Content Type(s): Press, Press releases