August 22, 2007
Bank of Canada Announces Appointment of Special Adviser
The Special Adviser position was created to bring additional perspectives to monetary policy discussions.
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August 21, 2007
Bank of Canada sees joint commitment by major Bank CEOs on bank-sponsored asset-backed commercial paper (ABCP) as positive step
The Bank of Canada continues to monitor the functioning of Canada's financial markets and to make liquidity available as required. The commitment by Canada's major bank CEO's to work together to support the performance and liquidity of the market for bank-sponsored asset-backed commercial paper (ABCP) is a further positive step to help re-establish well functioning […]
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August 16, 2007
Bank of Canada welcomes initiatives to support the functioning of financial markets in Canada
The Bank of Canada welcomes the initiatives announced today to support the asset-backed commercial paper market in Canada.
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August 15, 2007
Bank of Canada Temporarily Expands List of Collateral Eligible for SPRA Transactions
As part of its continuing provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it is temporarily expanding the list of collateral eligible for use by market participants in Special Purchase and Resale Agreements (SPRAs).
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August 9, 2007
Bank of Canada issues statement on provision of liquidity to support the stability and efficient function of financial markets
In light of current market conditions, the Bank of Canada would like to assure financial market participants and the public that it will provide liquidity to support the stability of the Canadian financial system and the continued functioning of financial markets.
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July 25, 2007
Bank of Canada releases 2008 schedule of dates for its policy interest rate announcements
The Bank of Canada today released its 2008 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year.
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July 18, 2007
Update on Selection Process for Governor of the Bank of Canada Released by the Special Committee of the Bank's Board of Directors
In accordance with the Bank of Canada Act, the Governor of the Bank of Canada is appointed by the independent directors with the approval of the Governor in Council (federal Cabinet). Following an announcement on 25 April 2007 that the current Governor, Mr. David Dodge, would not be seeking reappointment at the end of his seven year mandate on 31 January 2008, the Bank's Board of Directors initiated a process to find a replacement.
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July 12, 2007
Release of the Monetary Policy Report Update
Opening statement
David Dodge
Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report. The Bank judges that the economy is now operating further above its production potential than was projected in April.
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July 12, 2007
Bank of Canada releases Monetary Policy Report Update
Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report.
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July 10, 2007
Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/2 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent.
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