January 22, 2009
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January 22, 2009
Release of the Monetary Policy Report Update
The outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity.
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January 20, 2009
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1 per cent.
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January 8, 2009
Financial Stability through Sound Risk Management
The extraordinary turmoil of 2007 and 2008 has brought to the fore many issues and challenges, most of which will be with us for some time as we deal with what has become the deepest financial crisis since the 1930s. Policy-makers around the world have taken bold and timely steps to deal with the financial instability and economic crisis, but it will take time for confidence to be restored and for markets to become fully functional again.
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December 17, 2008
From Hindsight to Foresight
It has been a difficult year for capital markets professionals. The turmoil has deteriorated into a full-blown financial crisis. Most financial markets have experienced historic falls in prices, and some are strained to the point of closing.
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