News

The Bank of Canada today announced that it will issue a $5 note with upgraded security features beginning 15 November 2006 as part of its ongoing effort to improve the security of Canadian bank notes.

The world needs an international institution to promote a new monetary order—a well-functioning, market-based global financial system. This will be the subject of my remarks today.

These imbalances reflect the financial flows associated with mismatches in savings and investment on a global scale. Since the late 1990s, many economies outside the United States have increased their net national savings.

Large and persistent current account imbalances are a global problem and all countries must adopt policies that will allow market forces to resolve them, Bank of Canada Governor David Dodge said today.

On behalf of the Board of Directors of the Bank of Canada, Governor David Dodge today announced that Deputy Governor Sheryl Kennedy will be undertaking a short-term assignment as Senior Adviser to The Bank of Nova Scotia.