June 1, 2000
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May 17, 2000
Bank of Canada Raises Target Overnight Rate by ½ Percentage Point to 5¾ Per Cent
The Bank of Canada raised its target for the overnight rate by one-half of one percentage point to 5¾ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank Rate is now 6 per cent.
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May 11, 2000
Bank of Canada releases its semi-annual Monetary Policy Report
The Bank of Canada today released its eleventh Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. The Monetary Policy Report is published every May and November.
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May 8, 2000
Bank of Canada to Stop Issuing $1000 Note
The Bank of Canada announced today that, effective May 12, it will stop issuing $1000 bank notes and will begin to withdraw them from circulation. The announcement follows the federal government's approval of an amendment to the Bank of Canada Notes Regulations to eliminate the $1000 note as part of the fight against money laundering […]
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May 4, 2000
Bank of Canada Governor Gordon Thiessen plans to retire on 31 January 2001
Bank of Canada Governor Gordon Thiessen has officially informed the Bank’s Board of Directors and staff that he will retire at the end of his term, effective 31 January 2001.
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April 26, 2000
Bank of Canada Governor speaks to the Chambre de commerce régionale de Sainte-Foy
Governor Gordon Thiessen today talked about the steps that Canada should take to preserve the current economic expansion and improve performance over the long run, in particular by reaping some of the potential gains from the technological revolution that is now sweeping the world.
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March 22, 2000
Bank Rate Raised by ¼ Percentage Point to 5½ Per Cent
The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5½ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5¼ per cent.
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March 9, 2000
Bank of Canada Governor speaks to the Canadian Society of New York
In a speech today to the Canadian Society of New York, Bank of Canada Governor Gordon Thiessen talked about Canada’s experience with a floating exchange rate and an independent monetary policy, despite close integration with the much larger U.S. economy.
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February 17, 2000
Bank of Canada Announces Appointments in Toronto and Montréal
To add to its presence in financial markets, the Bank of Canada has announced appointments to two new senior positions. Appointed are H. Ross MacKinnon as Director, Toronto Division and Jean-Pierre Aubry as Director, Montréal Division, both in the Financial Markets Department. In their new positions, Mr. MacKinnon and Mr. Aubry will contribute to the […]
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February 3, 2000
Bank Rate Raised by 1/4 Percentage Point to 5 1/4 Per Cent
The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5¼ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5 per cent.
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Press releases