September 18, 2008
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August 26, 2008
Work in Progress: The Bank of Canada's Response to the Financial Turbulence
The financial turbulence over the past year has been costly and difficult for many individuals and financial institutions; it's been challenging for policy-makers; and it's had implications for the overall economy.
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July 17, 2008
Release of the Monetary Policy Report Update
Opening statement
Mark Carney
In the Update, the Bank described three major developments affecting the Canadian economy: protracted weakness in the U.S. economy, ongoing turbulence in global financial markets, and sharp increases in certain commodity prices, particularly energy.
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Press,
Speeches and appearances,
Opening statements
June 27, 2008
Flexibility versus Credibility in Inflation-Targeting Frameworks
There are two broad classes of arguments for greater flexibility in the design and application of monetary policy frameworks. The BIS has done a great deal of useful work on asset-price targeting in particular and on the complicated interplay between monetary policy and financial stability in general.
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June 23, 2008
Real Estate, Mortgage Markets, and Monetary Policy
For many Canadians, one of the most important investments they'll make is the purchase of a house. And for you as financial market professionals, the links between the housing market and financial markets have important consequences.
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Press,
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Remarks