January 28, 2002
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January 28, 2002
Challenges and Changes in an Eventful Year
The main economic concern of the past year was the slowdown that occurred not just here in Canada, but in most major economies. Compounding the economic concerns were the 11 September terrorist attacks in the United States.
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January 23, 2002
Bank of Canada releases Monetary Policy Report Update
The Bank of Canada today released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.
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January 23, 2002
Release of the Monetary Policy Report Update
Opening statement
David Dodge
(English Version)
Economic developments in Canada since the November Report, and the profile for growth outlined in the Update, suggest that the amount of slack in the economy through 2002 will likely be somewhat greater than assumed in November.
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Press,
Speeches and appearances,
Opening statements
January 23, 2002
Release of the Monetary Policy Report Update
Opening statement
David Dodge
(Bilingual Version)
Economic developments in Canada since the November Report, and the profile for growth outlined in the Update, suggest that the amount of slack in the economy through 2002 will likely be somewhat greater than assumed in November.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
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.
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January 5, 2002
Inflation Targeting in Canada: Experience and Lessons
Remarks
David Dodge
Central Bank Governor's Panel on Inflation Targeting at a joint session of The American Economic Association and the North American Economics and Finance Association
Atlanta, Georgia
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.
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December 19, 2001
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.
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
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Market notices
December 18, 2001
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).
Government of Canada Pilot Bond Switch Program Launch: Operational Framework
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Market notices
December 14, 2001
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.
Bank of Canada's target for the minimum daily level of Large Value Transfer System settlement balances confirmed
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