March 18, 2008
Uncategorized
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March 18, 2008
Bank of Canada Announces First Recipient of Governor's Award
The Bank of Canada today announced that Professor Henry Siu of the University of British Columbia is the first recipient of the Governor's Award. -
March 14, 2008
The Bank of Canada Releases Its Annual Report for 2007
The Bank of Canada's Annual Report for 2007 was tabled in the House of Commons today. -
March 13, 2008
Addressing Financial Market Turbulence
Since last summer, many of us here today have been preoccupied with the ongoing dislocations in financial markets. What began in securities linked to U.S. subprime mortgages has spread to a broad range of structured assets, conventional credit markets, and, to a lesser extent, equities. -
March 12, 2008
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
Let me start by saying that the issue of internal trade barriers is critically important, and I'm very pleased, Mr. Chairman, that your committee is examining it. We have reviewed previous submissions to this committee, and you will see that our focus will be slightly different. -
March 11, 2008
Bank of Canada Announces New Term PRA Transactions as part of Co-ordinated G10 Central Bank Actions
Since the co-ordinated actions taken in December 2007, the G10 central banks have continued to work together closely and to consult regularly on liquidity pressures in funding markets. Pressures in some of these markets have recently increased again. -
Markups in Canada: Have They Changed and Why?
Many empirical studies have examined the cyclical nature of the markup ratio. Until recently, few have attempted to ascertain the changes in the markup over a longer time horizon. -
March 4, 2008
Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent. -
Inflation Targeting and Price-Level-Path Targeting in the GEM: Some Open Economy Considerations
This paper compares the performance of simple inflation targeting (IT) and price-level path targeting (PLPT) rules to stabilize the macroeconomy, in response to a series of shocks, similar to those seen in Canada and the United States over the 1983 to 2004 period. -
February 26, 2008
Summary of Comments - 2008/09 Debt Strategy Consultations
Today, a Summary of Comments on the Debt Strategy Consultations for 2008/09 is being published on the Bank of Canada's website in conjunction with the release of the government's Debt Management Strategy for 2008/09 on the Department of Finance's website.