May 1, 2001
Renewal of the Inflation-Control Target (May 2001)
Commentary relating to the 2001 target renewal.
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May 1, 2001
Release of the Monetary Policy Report
This morning, we released our spring 2001 Monetary Policy Report. In the six months since the November 2000 Report, the pace of economic expansion in Canada has slackened, primarily because the economic slowdown in the United States has been more pronounced than anticipated. The extent of the easing in economic activity in Canada is the […] -
April 20, 2001
The Bank of Canada's Contribution to the Economic Well-Being of Canadians
The Bank of Canada has a commitment to contribute to the economic well-being of Canadians. In other words, we must conduct monetary policy so that it fosters sustained economic growth. Fundamentally, this means creating conditions that favour rising employment and incomes, strong investment, and a more stable macroeconomic environment. -
April 17, 2001
Bank of Canada lowers Bank Rate by 1/4 per cent
The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 per cent. The operating band for the overnight rate* is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 4 3/4 per cent. -
March 28, 2001
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
On this occasion, I would like to touch on the Bank's contribution to good economic performance, our emphasis on openness and transparency, and our role in promoting domestic and global financial stability. I will then comment on the Bank's view of current economic conditions and discuss any issues you may wish to raise. -
March 20, 2001
The Bank of Canada and Financial Stability
While monetary stability through low inflation is crucial to good economic performance, our economy cannot function properly unless it is also supported by an efficient and stable financial system. And as the world economy becomes increasingly interconnected, sound macroeconomic policies and sound financial systems across all countries are even more essential. -
March 6, 2001
Bank of Canada lowers Bank Rate to 5 1/4 per cent
The Bank of Canada today announced that it is lowering the Bank Rate by one-half of one percentage point to 5 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 per cent. -
March 1, 2001
Net Position Reports - Formal Recommendation from the Bank of Canada
The Bank of Canada announced today that it has sent the following letter to the Investment Dealers Association of Canada. -
February 27, 2001
Fall Consultations—2000: Summary of Comments
As it does every year during the Fall, the government sought views from market participants on a number of issues related to the design and operations of government debt programs in the next fiscal year. To allow comments to be received from a broader range of participants, the consultation documents were available on the Bank […] -
February 27, 2001
Fall Consultations - 2000: Summary of Comments
As it has done in the Fall of previous years, the Department of Finance jointly with the Bank of Canada held consultations with market participants on issues relating to the design and operation of government debt programs in 2001-2002.