Speeches

• 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
• 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

  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
• April 23, 1998

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

  Opening statement Gordon Thiessen Standing Senate Committee on Banking, Trade and Commerce

  My colleagues and I look forward to our yearly appearance before your committee because it gives us an opportunity to present an account of how the Bank has worked to fulfil its objectives over the past year. It is also an opportunity for a discussion with you on a range of economic and monetary issues. […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• March 25, 1998

  The Future Performance of the Canadian Economy

  Remarks Gordon Thiessen Canadian Club of Winnipeg Winnipeg, Manitoba

  It can take anywhere from one to two years for monetary actions to have their full effect on the economy. Because of this, the conduct of monetary policy must be based on a view of what the economy will be like - not tomorrow, not in a month - but rather in one to two years' time.

  Content Type(s): Press, Speeches and appearances, Remarks
• February 5, 1998

  International developments and the prospects for the Canadian economy

  Remarks Gordon Thiessen Saint John, New Brunswick

  A year ago, in early 1997, prospects for global economic growth were very promising. World economic activity had strengthened and was expected to accelerate further, with the benefit of low inflation, reduced fiscal imbalances, and stable or declining interest rates. In Canada too, output and employment growth had picked up.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 1, 1997

  What can monetary policy do to help the economy reach its full potential?

  Remarks Gordon Thiessen Canadian Club of Toronto Toronto, Ontario

  Today, we meet against a backdrop of some uncertainty in the international economy. I would like to begin my remarks with an assessment of what the recent financial and economic events in Asia could mean for Canada.

  Content Type(s): Press, Speeches and appearances, Remarks
• October 7, 1997

  Challenges ahead for monetary policy

  Remarks Gordon Thiessen Vancouver Board of Trade Vancouver, British Columbia

  Today, I would like to talk about some of the important issues and challenges facing monetary policy in the period ahead and how the Bank of Canada proposes to deal with them. This is not an unusual topic for me since the business of central banking is seldom without challenges. But what a difference the past two years have made to the challenges we face!

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