January 23, 2002
Press, Market notices, Press releases
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January 15, 2002
Bank of Canada lowers key policy interest rate by 1/4 percentage point to 2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent. -
January 5, 2002
Inflation Targeting in Canada: Experience and Lessons
In the 1970s and 1980s we found - in common with many other countries - that high and variable rates of inflation created a lot of economic damage. And it took a long time and a lot of work with various monetary policy frameworks before we got back on track. -
December 19, 2001
Debt Strategy Consultations 2002-03 - Market Views Sought on Issues Relating to the Design and Operation of Government Debt Programs over 2002-03 and Beyond
A consultation document on issues relating to the design and operation of government debt programs for fiscal year 2002-2003 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today. -
December 18, 2001
Government of Canada Pilot Bond Switch Program Launch: Operational Framework
On behalf of the Minister of Finance, the Bank of Canada announced today the operational framework for a pilot bond switch program. The program is designed to support the maintenance of a liquid Government of Canada new issue bond market through the exchange of less liquid outstanding bonds (repurchase bonds) into a benchmark bond (replacement bond). -
December 14, 2001
Bank of Canada's target for the minimum daily level of Large Value Transfer System settlement balances confirmed
On 29 March 2001, the Bank of Canada announced an increase in the target for the minimum daily level of the Large Value Transfer System (LVTS) settlement balances from zero to $50 million on a trial basis, effective 2 April 2001. -
December 4, 2001
Bank of Canada to acquire general collateral through term repurchase agreements
The Bank of Canada today announced its intention to temporarily add assets to its balance sheet to offset the anticipated seasonal increase in the demand for bank notes. These operations have no monetary policy significance. -
November 29, 2001
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
The Bank has a commitment to contribute to the economic well-being of Canadians. This means that we must conduct monetary policy so that it fosters sustained solid economic growth. -
November 27, 2001
Bank of Canada lowers key policy interest rate by 1/2 percentage point to 2 1/4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-half of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent. -
November 7, 2001
Bank of Canada releases semi-annual Monetary Policy Report
The Bank of Canada today released its semi-annual Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.