December 6, 1999
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November 17, 1999
Release of the Monetary Policy Report
Opening statement
Gordon Thiessen
Good morning. The Bank of Canada has just released its tenth Monetary Policy Report. This morning, we also raised our target for the overnight interest rate by 1/4 of one percentage point to 4 3/4 per cent. This follows a similar increase yesterday in the U.S. Federal Funds rate to 5 ½ per cent. The […]
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Speeches and appearances,
Opening statements
November 2, 1999
The Challenges for Canadian Monetary Policy in the Year 2000
Remarks
Gordon Thiessen
the Greater Charlottetown Area Chamber of Commerce
Charlottetown, Prince Edward Island
Monetary policy actions take a relatively long time to affect the economy and inflation—anywhere between 12 to 24 months. Because of this, central banks must always look ahead and must put in place today the monetary conditions that are needed to help keep the economy on a sustainable path down the road. By 'sustainable' I mean a situation where economic growth and job creation are not at risk from rising inflation.
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Remarks
September 23, 1999
Canada's economy as the year 2000 approaches
It is always a pleasure to return and speak to people in my home province. This time, we are here for a meeting of the Bank of Canada's Board of Directors. Once a year, our Board meets outside Ottawa, in a different part of the country. This year, we are delighted to be in Regina.
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June 2, 1999
Canadian economic performance at the end of the twentieth century
As the curtain comes down on the twentieth century and we move on to the next millennium, it is difficult to resist the temptation to be both retrospective and prospective.
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Speeches and appearances,
Remarks