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Measures of Aggregate Credit Conditions and Their Potential Use by Central Banks
Understanding the nature of credit risk has important implications for financial stability. Since authorities – notably, central banks – focus on risks that have systemic implications, it is crucial to develop ways to measure these risks. -
October 29, 2009
Process for selecting a Senior Deputy Governor of the Bank of Canada
Mr. Paul Jenkins, the current Senior Deputy Governor of the Bank of Canada, has advised the Bank that he will not seek renewal of his term of office and will leave the Bank of Canada when his current seven-year term expires in April 2010 -
October 28, 2009
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
While conditions in the Canadian economy have improved since we met with you in May, many of the basic challenges remain. Before Paul and I take your questions, allow me to outline some of the highlights from our latest Monetary Policy Report, which the Bank released last week. -
October 28, 2009
Results for the 28 October 2009 Term Loan Facility
The results of today's TLF operation are as follows. -
October 27, 2009
Opening Statement before the House of Commons Standing Committee on Finance
While conditions in the Canadian economy have improved since we met with you in February and April, many of the basic challenges remain. Before Paul and I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, released last week. -
October 27, 2009
Results of the 27 October 2009 Term PRA Transaction for Private Sector Instruments
The results of today's term PRA operations are as follows. -
October 26, 2009
Monetary Policy Report – October 2009
Recent indicators point to the start of a global recovery from a deep, synchronous recession. -
October 26, 2009
Reforming the Global Financial System
After briefly reviewing the current macrofinancial environment, I intend to concentrate on the G-20 reform agenda. The financial crisis has cost tens of millions of jobs and trillions of dollars in foregone output. -
October 26, 2009
Results of the 26 October 2009 Term PRA Transaction
The results of today's term PRA operations are as follows.