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December 12, 2005
Our Approach to Monetary Policy: Inflation Targeting
This year also marks the 70th anniversary of the creation of the Bank of Canada, and we too have taken the time to celebrate our contributions to Canada. At such times, while it is appropriate to look back and celebrate history and accomplishments, it is also a good opportunity to look forward and think about where we are headed. In this spirit, I'd like to talk to you today about one of our main responsibilities; that is, the conduct of monetary policy. -
December 10, 2005
A History of the Canadian Dollar - by James Powell
The history of Canada's money provides a unique perspective from which to view the growth and development of the Canadian economy and Canada as a nation. Author James Powell traces the evolution of Canadian money form its pre-colonial origins to the present day, highlighting the currency chaos of the colonial period, as well as the effects of two world wars and the Great Depression.
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December 9, 2005
Addition of Two Primary Dealers for Government of Canada Securities
Effective 13 December 2005, HSBC Securities (Canada) Inc./HSBC Bank Canada will become a primary dealer for Government of Canada marketable bonds and treasury bills, respectively, and Desjardins Securities will become a primary dealer for Government of Canada marketable bonds. -
December 6, 2005
The Bank of Canada: An Illustrated History
This volume features interesting images and anecdotes about Canada's central bank and its place in Canadian society from 1935 until the present.
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December 6, 2005
Exchange Rate Determinants and Economic Impacts
Conference held on 6 and 7 December 2005 (papers in unedited, electronic format only) -
December 6, 2005
Bank of Canada raises overnight rate target by 1/4 percentage point to 3 1/4 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 1/4 per cent. -
An Evaluation of MLE in a Model of the Nonlinear Continuous-Time Short-Term Interest Rate
The author compares the performance of three Gaussian approximation methods - by Nowman (1997), Shoji and Ozaki (1998), and Yu and Phillips (2001) - in estimating a model of the nonlinear continuous-time short-term interest rate.