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October 18, 2007
Monetary Policy Report – October 2007
There have been a number of significant economic and financial developments since the time of the July Monetary Policy Report Update. -
October 18, 2007
Release of the Monetary Policy Report
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. -
October 16, 2007
Bank of Canada keeps target for the overnight rate at 4 1/2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/2 per cent. -
October 11, 2007
Deputy Governor Tiff Macklem appointed Associate Deputy Minister of Finance
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. -
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. -
October 4, 2007
Mark Carney Appointed Governor of the Bank of Canada
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. -
Rediscounting Under Aggregate Risk with Moral Hazard
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. -
October 3, 2007
Liquidity, Liquidity, Liquidity
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. -
September 25, 2007
Turbulence in Credit Markets: Causes, Effects, and Lessons To Be Learned
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.