June 11, 2002
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June 4, 2002
Bank of Canada raises overnight rate target by 1/4 percentage point to 2 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 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 3/4 per cent.
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May 14, 2002
Bank of Canada Governor Reviews Progress in Strengthening International Financial Architecture and Resolving Financial Crises
Mr. Dodge stressed that in an interconnected world, Canada's open economy is very much affected by world events - hence, our strong interest in a healthy international financial environment.
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April 24, 2002
Bank of Canada releases its April Monetary Policy Report
Canada's economic outlook has improved significantly since the November Monetary Policy Report. Indeed, information on the fourth quarter of last year and the first quarter of 2002 indicates that the recovery in the Canadian economy began sooner and has been considerably stronger than anticipated.
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April 16, 2002
Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/4 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 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent.
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March 27, 2002
The Bank of Canada Launches a New $5 Bank Note
David Dodge, Governor of the Bank of Canada and Paul Martin, Minister of Finance were joined at the unveiling by Jean Béliveau, former NHL hockey player for the Montréal Canadiens, Kim St. Pierre, member of the gold-medal-winning Canadian Olympic women's hockey team in Salt Lake City, and Myriam Bédard, two-time Olympic gold medallist in the biathlon.
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March 25, 2002
Canada's new $5 bank note launched on 27 March 2002
Canada's new $5 bank note will be launched Wednesday, 27 March, in Montréal.
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March 12, 2002
Bank of Canada Governor Reviews Canadian Monetary Policy Choices
In particular, the Governor discussed how the Bank of Canada aims to promote economic growth by means of a monetary policy symmetrically focused on a 2 per cent inflation target. "We pay equal attention to any significant movement away from 2 per cent - whether above or below," Mr. Dodge said. In contrast, the European Central Bank has an inflation-control ceiling of 2 per cent, he noted.
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March 5, 2002
Bank of Canada keeps target for the overnight rate at 2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent.
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February 20, 2002
Bank of Canada Governor reviews Canada's experience with inflation targets and a flexible exchange rate
In a speech to the Canadian Society of New York, Bank of Canada Governor David Dodge said today that Canada's monetary policy framework, based on an explicit inflation-control target and a flexible exchange rate, "has contributed importantly to putting the Canadian economy back on the right path to longer-term prosperity."
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