November 7, 2001
Press, Market notices, Press releases
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November 7, 2001
Opening Statement before the House of Commons Standing Committee on Finance
Right now, all national economies face difficulties - difficulties stemming from the further weakening of the world economy and from the terrorist acts in the United States. As businesses, governments, and individuals in Canada - and around the world - strive to come to terms with the implications of those acts, the main preoccupation is, naturally, with the near term. -
October 24, 2001
Bank of Canada Governor focuses on current and future economic challenges for Canada
As we all strive to come to terms with this tragedy and its implications, it is understandable that our immediate preoccupation is with near-term issues, he said. Nonetheless, it is "critically important that we maintain a sense of perspective - that we step back and look past current developments, focusing also on the longer-term trends in our economy and its potential." -
October 24, 2001
The Canadian Economy: Current and Future Challenges
All of us at the Bank of Canada share a deep sorrow at the loss of so many lives in the 11 September terrorist attacks in the United States. Among those who died were innocent citizens of many nationalities, including Canadians. To their families, friends, and colleagues we extend our heartfelt sympathy. -
October 23, 2001
Bank of Canada lowers key policy interest rate by 3/4 percentage point to 2 3/4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate* by three-quarters of one percentage point to 2 3/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 per cent. -
October 22, 2001
Terms and Conditions for the Expanded Bank of Canada Collateral List Effective 1 November 2001
In July 2001, the Bank announced its intention to expand the list of collateral eligible for use in the Large Value Transfer System (LVTS), for loans made to direct participants in LVTS and the Automated Clearing Settlement System (ACSS), and to secure bank note withdrawals. Effective 1 November 2001, the list of eligible collateral will be expanded and will comprise the following: -
October 9, 2001
Survey of foreign exchange and derivatives market activity in Canada
Summary results of a survey of activity in Canadian foreign exchange and derivatives markets conducted by the Bank of Canada in April 2001 are now available. Similar surveys were undertaken in over 45 other countries during the same month, and the central banks of many of those countries are also releasing their results today. -
October 4, 2001
Debt Management Operational Enhancements
A key federal debt strategy objective is maintaining a well-functioning market in Government of Canada securities. In keeping with the government's commitment to market consultations in domestic debt management issues, in August 2001 consultations were held with market participants on potential operational enhancements. -
October 1, 2001
Bank of Canada releases 2002 schedule of dates for policy interest rate announcements
The Bank of Canada today released its schedule of eight dates for announcing decisions on its key policy interest rate for 2002. -
September 24, 2001
Revised comment period for the discussion paper on the Bank's repurchase program
In the discussion paper titled "Proposed repurchase program for the Bank of Canada's holdings of Government of Canada securities", comments on the Bank's proposal were requested by the end of September. Please note that this comment period has been extended to the end of October.