Press

• October 27, 2005

  Modifications to the Terms of Participation and the Standard Terms for Government of Canada Auctions

  The revised Terms of Participation and the Standard Terms for Government of Canada Auctions, prepared jointly by the Department of Finance and the Bank of Canada on behalf of the Government of Canada, are being published today.

  Content Type(s): Press, Market notices
• October 26, 2005

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce

  When Paul and I appeared before this Committee last April, we said that the economy appeared to be operating slightly below its production capacity, and that we expected it to move back to full capacity in the second half of 2006. In our October Monetary Policy Report, which we published last Thursday, we said that economic growth in the first half of the year was somewhat stronger than we had previously expected. Indeed, the global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 25, 2005

  RCMP management retreat

  Remarks David Dodge RCMP management retreat Ottawa, Ontario

  It's not surprising that the Bank of Canada is interested in promoting economic integrity. After all, the Bank of Canada Act mandates us, as far as possible within the scope of monetary policy action, to "promote the economic and financial welfare of Canada."

  Content Type(s): Press, Speeches and appearances, Remarks
• October 25, 2005

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement David Dodge House of Commons Standing Committee on Finance

  Past and recent movements in energy prices and in the exchange rate for the Canadian dollar, along with competitive pressures from China and other newly industrialized economies, are giving rise to significant ongoing adjustments in the Canadian economy. Given these adjustments and the slow growth of productivity in recent years, the Bank has slightly reduced its estimate of potential output growth for 2005 and 2006.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 24, 2005

  Bank of Canada Statement on the Nomination of Dr. Ben S. Bernanke as Chairman of the Federal Reserve Board of the United States

  Media Relations Ottawa, Ontario

  The Bank of Canada has been honoured to work with Chairman Alan Greenspan for the past 18 years, and we wish him every success in his future endeavours.

  Content Type(s): Press, Press releases
• October 21, 2005

  Changes Regarding Noon Foreign Exchange Rates Effective 7 November 2005

  Beginning on 7 November 2005, the Bank of Canada will be implementing a number of changes directed towards achieving a more timely release of noon foreign exchange rates. These changes will be implemented on a six-month trial basis to allow the Bank to assess whether further refinements are required to ensure that these rates remain an accurate reflection of mid-day rates in wholesale markets.

  Content Type(s): Press, Market notices
• October 20, 2005

  Bank of Canada releases Monetary Policy Report

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its October Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Press releases
• October 20, 2005

  Release of the Monetary Policy Report

  Opening statement David Dodge

  In the report, we said that the global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity. Past and recent movements in energy prices and in the exchange rate for the Canadian dollar, along with competitive pressures from China and other newly industrialized economies, are giving rise to significant ongoing adjustments in the Canadian economy.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 18, 2005

  Bank of Canada raises overnight rate target by 1/4 percentage point to 3 per cent

  Media Relations Ottawa, Ontario

  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 per cent.

  Content Type(s): Press, Press releases
• September 22, 2005

  Governor Dodge Discusses How Regulation Can Improve Financial System Efficiency

  Media Relations Toronto, Ontario

  Bank of Canada Governor David Dodge today said that the pursuit of financial system efficiency is an important way for regulators to "best serve the public and contribute to sustainable economic growth and prosperity in Canada."

  Content Type(s): Press, Press releases