News

Canada's macroeconomic policies are second to none in supporting financial system efficiency, but work is needed to bring the country's structural policies up to that level, Bank of Canada Governor David Dodge said today.

The FSR reports on developments and trends in financial systems here and abroad, summarizes recent research by Bank staff on financial sector policies, and promotes discussion of how to strengthen our financial system. In short, the goal of the FSR is to improve financial system efficiency and stability.

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

The Bank of Canada today released the document Renewal of the Inflation-Control Target: Background Information, which describes Canada's experience with inflation targeting, reports on some key issues bearing on the framework for conducting monetary policy, and identifies issues warranting further research.

The primary objective of Canada's monetary policy is to enhance the well-being of Canadians by contributing to sustained economic growth, rising levels of employment and improved living standards.