News

• April 28, 2009

  Opening Statement before the House of Commons Standing Committee on Finance

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

  These are difficult economic times, with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 23, 2009

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  These are difficult economic times with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 23, 2009

  Bank of Canada releases Monetary Policy Report

  Media Relations Ottawa, Ontario

  In the Report, the Bank noted that in an environment of continued high uncertainty, the global recession has intensified and become more synchronous since the Bank's January Monetary Policy Report Update, with weaker-than-expected activity in all major economies.

  Content Type(s): Press, Press releases
• April 21, 2009

  Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent and, conditional on the inflation outlook, commits to hold current policy rate until the end of the second quarter of 2010

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate.

  Content Type(s): Press, Press releases
• April 9, 2009

  Bank of Canada Appoints Two Advisers

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointments of David Wolf to the permanent position of Adviser and Jean Boivin to the rotating role of Special Adviser for the term 2009-2010.

  Content Type(s): Press, Press releases
• April 3, 2009

  The Bank of Canada Releases Its Annual Report for 2008

  Media Relations Ottawa, Ontario

  The Bank of Canada's Annual Report for 2008 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases
• April 1, 2009

  Sound Policy Measures will Rebuild Confidence, Guide Economies Through Challenging Times, says Governor Carney

  Media Relations Yellowknife, Northwest Territories

  Although the global and Canadian economies are in recessions triggered by the most severe financial meltdown since the 1930s, Canadians can have confidence that unprecedented policy measures will restore growth, Bank of Canada Governor Mark Carney said today.

  Content Type(s): Press, Press releases
• April 1, 2009

  Rebuilding Confidence in the Global Economy

  Remarks Mark Carney Northwest Territories Chamber of Commerce and Yellowknife Chamber of Commerce Yellowknife, Northwest Territories

  These are very challenging times. The Canadian economy is in recession. The global economy is facing a crisis of confidence, triggered by the most severe financial meltdown since the Great Depression; fanned by sharp falls in trade, manufacturing output, and financial wealth; and intensified by steep increases in unemployment.

  Content Type(s): Press, Speeches and appearances, Remarks