News

The Bank of Canada today announced that Professor Jean-Marie Dufour of the Université de Montréal is the recipient of the Bank's Research Fellowship for 2007.

In a speech to the Calgary Chamber of Commerce, Governor Dodge explained that while strong macroeconomic conditions are necessary for meeting the challenges of the global economy, additional work on microeconomic policies is still needed.

Our primary objective at the Bank is to promote the economic and financial welfare of Canadians. Over the years, we have learned that the best contribution that monetary policy can make in this regard is to give Canadians confidence in the future value of their money. We do this by keeping inflation low, stable, and predictable.

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

Canadians need to be more vigilant in the fight against fraud, senior law enforcement and government officials are warning.