May 6, 2009
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April 28, 2009
Opening Statement before the House of Commons Standing Committee on Finance
These are difficult economic times, with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
April 23, 2009
Release of the Monetary Policy Report
These are difficult economic times with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
April 23, 2009
Bank of Canada releases Monetary Policy Report
In the Report, the Bank noted that in an environment of continued high uncertainty, the global recession has intensified and become more synchronous since the Bank's January Monetary Policy Report Update, with weaker-than-expected activity in all major economies.
Content Type(s):
Press,
Press releases
April 21, 2009
Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent and, conditional on the inflation outlook, commits to hold current policy rate until the end of the second quarter of 2010
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate.
Content Type(s):
Press,
Press releases