Uncategorized

• October 18, 2007

  Release of the Monetary Policy Report

  Opening statement David Dodge

  Since the July Monetary Policy Report Update, and against a backdrop of robust global economic expansion and strong commodity prices, the Canadian economy has been stronger than projected. It is now operating further above its production potential than had been previously expected.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 16, 2007

  Bank of Canada keeps target for the overnight rate at 4 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/2 per cent.

  Content Type(s): Press, Press releases
• October 11, 2007

  Deputy Governor Tiff Macklem appointed Associate Deputy Minister of Finance

  Media Relations Ottawa, Ontario

  The Prime Minister announced today that Tiff Macklem, Deputy Governor of the Bank of Canada, has been appointed Associate Deputy Minister of Finance, effective 1 November.

  Content Type(s): Press, Press releases
• October 5, 2007

  Business Outlook Survey - Autumn 2007

  Overall, businesses continue to be positive about the economic outlook, notwithstanding lower expectations for U.S. economic growth and recent financial market turbulence.

  Content Type(s): Publications, Business Outlook Survey
• October 4, 2007

  Mark Carney Appointed Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  The Directors of the Bank of Canada appointed under Section 9 of the Bank of Canada Act today announced that they have appointed Mark Carney as Governor of the Bank of Canada for a seven-year term, effective 1 February 2008.

  Content Type(s): Press, Press releases

• Rediscounting Under Aggregate Risk with Moral Hazard

  Staff Working Paper 2007-51 James Chapman, Antoine Martin

  Freeman (1999) proposes a model in which discount window lending and open market operations have different effects. This is important because in most of the literature, these policies are indistinguishable.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Financial markets, Payment clearing and settlement systems JEL Code(s): E, E5, E58, G, G2, G20
• October 3, 2007

  Liquidity, Liquidity, Liquidity

  Remarks David Longworth Investment Industry Association of Canada Toronto, Ontario

  Sound financial investment is important to individuals, to firms, and to society as a whole. By definition, investment is forward looking, and thus our future financial well-being is shaped by the soundness of the investment decisions we make today.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 25, 2007

  Turbulence in Credit Markets: Causes, Effects, and Lessons To Be Learned

  Remarks David Dodge Vancouver Board of Trade Vancouver, British Columbia

  The turbulence in financial markets did not come about against a backdrop of economic weakness. Indeed, over the past number of years, the global economy has shown remarkable strength. We were also seeing encouraging signs of growth being spread more evenly.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 12, 2007

  A Clear Case for Transparency

  Remarks David Dodge Canada-U.K. Chamber of Commerce London, United Kingdom

  We have seen a remarkable continuation of robust global growth, fuelled by increases in international trade and facilitated by the continuing evolution and expansion of capital markets. Domestic demand began to grow more strongly in Europe and Asia and to slow in the United States, and this began to ease some of the concerns related to global imbalances that I spoke about during my last visit.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 10, 2007

  New initiative to involve Canadian high school students in the fight against bank note counterfeiting crimes

  Media Relations Ottawa, Ontario

  The Bank of Canada, the Durham District School Board, the Royal Canadian Mounted Police, the Ontario Provincial Police and the Sûreté du Québec are joining forces to promote the new Counterfeit Detection module, a free ready-to-teach kit available to high schools across the country.

  Content Type(s): Press, Press releases