Press

• December 18, 2001

  Government of Canada Pilot Bond Switch Program Launch: Operational Framework

  On behalf of the Minister of Finance, the Bank of Canada announced today the operational framework for a pilot bond switch program. The program is designed to support the maintenance of a liquid Government of Canada new issue bond market through the exchange of less liquid outstanding bonds (repurchase bonds) into a benchmark bond (replacement bond).

  Content Type(s): Press, Market notices
• December 14, 2001

  Bank of Canada's target for the minimum daily level of Large Value Transfer System settlement balances confirmed

  On 29 March 2001, the Bank of Canada announced an increase in the target for the minimum daily level of the Large Value Transfer System (LVTS) settlement balances from zero to $50 million on a trial basis, effective 2 April 2001.

  Content Type(s): Press, Market notices
• December 4, 2001

  Bank of Canada to acquire general collateral through term repurchase agreements

  The Bank of Canada today announced its intention to temporarily add assets to its balance sheet to offset the anticipated seasonal increase in the demand for bank notes. These operations have no monetary policy significance.

  Content Type(s): Press, Market notices
• November 29, 2001

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

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

  The Bank has a commitment to contribute to the economic well-being of Canadians. This means that we must conduct monetary policy so that it fosters sustained solid economic growth.

  Content Type(s): Press, Speeches and appearances, Opening statements
• November 27, 2001

  Bank of Canada lowers key policy interest rate by 1/2 percentage point to 2 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-half of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent.

  Content Type(s): Press, Press releases
• November 7, 2001

  Bank of Canada releases semi-annual Monetary Policy Report

  Media Relations

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

  Content Type(s): Press, Press releases
• November 7, 2001

  Release of the Monetary Policy Report

  Opening statement David Dodge

  Since our May 2001 Report, a further weakening of the world economy and the terrorist acts in the United States have forced a reappraisal of global economic prospects. By midsummer, evidence began to accumulate that the economic slowdown, globally and in Canada, would bedeeper and more protracted than previously anticipated. Thus, in late August, the […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• November 7, 2001

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement David Dodge House of Commons Standing Committee on Finance

  Right now, all national economies face difficulties - difficulties stemming from the further weakening of the world economy and from the terrorist acts in the United States. As businesses, governments, and individuals in Canada - and around the world - strive to come to terms with the implications of those acts, the main preoccupation is, naturally, with the near term.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 24, 2001

  Bank of Canada Governor focuses on current and future economic challenges for Canada

  Media Relations Moncton, New Brunswick

  As we all strive to come to terms with this tragedy and its implications, it is understandable that our immediate preoccupation is with near-term issues, he said. Nonetheless, it is "critically important that we maintain a sense of perspective - that we step back and look past current developments, focusing also on the longer-term trends in our economy and its potential."

  Content Type(s): Press, Press releases
• October 24, 2001

  The Canadian Economy: Current and Future Challenges

  Remarks David Dodge Greater Moncton Chamber of Commerce and the Conseil économique du Nouveau-Brunswick Moncton, New Brunswick

  All of us at the Bank of Canada share a deep sorrow at the loss of so many lives in the 11 September terrorist attacks in the United States. Among those who died were innocent citizens of many nationalities, including Canadians. To their families, friends, and colleagues we extend our heartfelt sympathy.

  Content Type(s): Press, Speeches and appearances, Remarks