Press

• February 3, 2000

  Bank Rate Raised by 1/4 Percentage Point to 5 1/4 Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5¼ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5 per cent.

  Content Type(s): Press, Press releases
• January 27, 2000

  Bank of Canada Governor speaks to the Metropolitan Halifax Chamber of Commerce

  Media Relations Halifax, Nova Scotia

  There has been a dramatic move among major central banks over the past decade towards greater transparency in monetary policy, Bank of Canada Governor Gordon Thiessen told the Metropolitan Halifax Chamber of Commerce in a speech today. This process has been driven not only by the general trend to greater accountability on the part of […]

  Content Type(s): Press, Press releases
• January 27, 2000

  Accountability and Transparency in Canada's Monetary Policy

  Remarks Gordon Thiessen Metropolitan Halifax Chamber of Commerce Halifax, Nova Scotia

  Public sector institutions have been undergoing significant changes over the past decade. One of the most important changes has been the move to greater accountability. Public institutions are now required to be more open and to provide more information about their operations. Or, to use the word currently in vogue, to be more “transparent.”

  Content Type(s): Press, Speeches and appearances, Remarks
• December 22, 1999

  Bank of Canada Announces Deputy Governor Appointment

  Media Relations

  The appointment of Pierre Duguay as Deputy Governor and member of the Governing Council of the Bank of Canada was announced today on behalf of the Bank's Board of Directors.

  Content Type(s): Press, Press releases
• December 6, 1999

  The Canadian economy, productivity, and our standard of living

  Remarks Gordon Thiessen The Fraser Institute Vancouver, British Columbia

  Over the past couple of years, there has been considerable debate about productivity and our standard of living in Canada. For the most part, the discussion of these issues has been useful, but at times it has been somewhat confusing.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 6, 1999

  Bank of Canada Governor speaks to The Fraser Institute

  Media Relations Vancouver, British Columbia

  There is increasing international consensus that monetary policy can contribute to productivity growth and rising standards of living by establishing a stable, low-inflation environment, Bank of Canada Governor Gordon Thiessen told The Fraser Institute in a speech today.

  Content Type(s): Press, Press releases
• November 17, 1999

  Release of the Monetary Policy Report

  Opening statement Gordon Thiessen

  Good morning. The Bank of Canada has just released its tenth Monetary Policy Report. This morning, we also raised our target for the overnight interest rate by 1/4 of one percentage point to 4 3/4 per cent. This follows a similar increase yesterday in the U.S. Federal Funds rate to 5 ½ per cent. The […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• November 17, 1999

  Bank of Canada releases its semi-annual Monetary Policy Report

  Media Relations

  Today the Bank of Canada released its tenth 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 17, 1999

  Bank Rate Raised by ¼ Percentage Point to 5 Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today raised its Bank Rate by ¼ of one percentage point to 5 per cent.

  Content Type(s): Press, Press releases
• November 2, 1999

  The Challenges for Canadian Monetary Policy in the Year 2000

  Remarks Gordon Thiessen the Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  Monetary policy actions take a relatively long time to affect the economy and inflation—anywhere between 12 to 24 months. Because of this, central banks must always look ahead and must put in place today the monetary conditions that are needed to help keep the economy on a sustainable path down the road. By 'sustainable' I mean a situation where economic growth and job creation are not at risk from rising inflation.

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