Uncategorized

• September 29, 1998

  Bank Rate Lowered by ¼ Percentage Point to 5¾ Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today lowered its Bank Rate by ¼ of one percentage point to 5¾ per cent.

  Content Type(s): Press, Press releases
• September 23, 1998

  Global uncertainties and the Canadian economy

  Remarks Gordon Thiessen St. John's Board of Trade St. John's, Newfoundland

  This past year, we have had to deal with the implications for our economy and our currency of increased global uncertainty and pressures arising from the problems that originated in Southeast Asia. I am sure that the effects of these developments, especially on primary commodities, such as oil and nickel, are already very familiar to Newfoundlanders.

  Content Type(s): Press, Speeches and appearances, Remarks
• August 27, 1998

  Bank Rate Raised by 1 Percentage Point

  Media Relations Ottawa, Ontario

  The Bank of Canada today raised its Bank Rate by one percentage point to 6 per cent.

  Content Type(s): Press, Press releases

• Liquidity Effects and Market Frictions

  Staff Working Paper 1998-11 Scott Hendry, Guang-Jia Zhang

  The goal of this paper is to shed light on the nature of the monetary transmission mechanism. Specifically, we attempt to tackle two problems in standard limited-participation models: (1) the interest rate liquidity effect is not as persistent as in the data; and (2) some nominal variables are unrealistically volatile. To address these problems, we […]

  Content Type(s): Staff research, Staff working papers Topic(s): Monetary policy transmission JEL Code(s): E, E5
• June 11, 1998

  The outlook for the Canadian economy and monetary policy

  Remarks Bernard Bonin The Canadian Association of Financial Planners Québec, Québec

  In mid-May we published our semi-annual Report on monetary policy, covering data up to April 24th. That means we now have new data available for the last two months. Furthermore, our report also pointed to a much greater-than-usual degree of uncertainty about the outlook for the Canadian economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 28, 1998

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Gordon Thiessen House of Commons Standing Committee on Finance

  Mr. Chairman, my colleagues and I are pleased to appear before your committee on a regular basis following the release of the Bank of Canada's Monetary Policy Report. It gives us a chance to discuss with you a range of economic and monetary issues. More generally, our semi-annual Report and sessions such as this one […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 27, 1998

  Globalized Financial Markets and Monetary Policy

  Remarks Gordon Thiessen La Conférence de Montréal Montréal, Quebec

  Globalization - that is, the growing integration and interdependence of national economies - is changing dramatically the economic landscape. Countries are trading more goods and services, an increasing number of firms now operate across national borders, and savers and borrowers have greater access than ever before to global financial markets.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 13, 1998

  Monetary Policy Report – May 1998

  Canada’s inflation-control targets establish a specific medium-term objective for monetary policy.

  Content Type(s): Publications, Monetary Policy Report
• May 13, 1998

  Release of the Monetary Policy Report

  Opening statement Gordon Thiessen

  This morning we released our seventh Monetary Policy Report. Since the release of our last Report in November, there have been an unusual number of international and domestic developments which have had important economic and financial consequences. Among the most important events have been the crisis in Asia, declines in commodities prices, and the persistent […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 1, 1998

  Information in Financial Asset Prices

  Proceedings of a conference held by the Bank of Canada, May 1998 (proceedings volume, available in electronic format only)

  Content Type(s): Conferences and workshops