September 26, 2000 Bank of Canada to issue new bank notes Media Relations Ottawa, Ontario The Bank of Canada will issue a new series of bank notes beginning in January 2001 to further enhance the security of Canada's currency. Content Type(s): Press, Press releases
September 21, 2000 Government of Canada to expand bond buyback operations The Government announced in the 2000-01 Debt Management Strategy that it was implementing the bond buyback program on an ongoing basis. Content Type(s): Press, Market notices
September 19, 2000 Summary of Consultation Results On 19 September 2000, the Bank of Canada published details of its plan to adopt a new system of eight “fixed” or pre-specified dates each year for announcing any changes to the official interest rate that it uses to implement monetary policy. Before finalizing and implementing the specific calendar of fixed dates, including the day of the week and time of day for announcements, the Bank invited interested Canadians to provide their views on the new fixed-date system.
September 19, 2000 A New System of Fixed Dates for Announcing Changes to the Bank Rate In November 2000, the Bank of Canada introduced a new system of eight "fixed" or pre-specified dates each year for announcing any changes to the official interest rate it uses to implement monetary policy. This paper describes the basic features of the proposed approach, elaborates its key advantages and identifies issues for consultation.
September 19, 2000 Bank of Canada to adopt fixed dates for announcing Bank Rate changes Media Relations Ottawa, Ontario The Bank of Canada today outlined details of its plan to adopt a system of eight “fixed” or pre-specified dates each year for announcing any changes to the official interest rate it uses to implement monetary policy—the rate of interest it charges on short-term loans to financial institutions. Content Type(s): Press, Press releases
September 14, 2000 The Outlook for the Canadian Economy and the Conduct of Monetary Policy Remarks Gordon Thiessen Calgary Chamber of Commerce Calgary, Alberta Today, I would like to bring you up to date on the Bank of Canada's views about the outlook for the Canadian economy. Prospects for the period ahead are generally very favourable. Content Type(s): Press, Speeches and appearances, Remarks
September 14, 2000 Bank of Canada Governor reviews economic developments and outlines proposed new arrangements for announcing interest rate changes Media Relations Calgary, Alberta In a speech to the Calgary Chamber of Commerce today, Bank of Canada Governor Gordon Thiessen gave an update on the Bank's outlook for the Canadian economy. He also outlined plans to move to a system of pre-set dates for announcing changes in official interest rates as part of the Bank's ongoing efforts to improve […] Content Type(s): Press, Press releases
Les effets réels du cours des actions sur la consommation Staff Working Paper 2000-21 Lise Pichette During the nineties, stock prices increased remarkably. The number of households owning stocks also rose considerably. If stock market wealth has an effect on consumers' decisions, then the rise in equity prices could have contributed to the growth in consumption in recent years. Content Type(s): Staff research, Staff working papers
Inflation and the Tax System in Canada: An Exploratory Partial-Equilibrium Analysis Staff Working Paper 2000-18 Brian O'Reilly, Mylène Levac This paper reports on an exploratory application to Canadian data of an approach pioneered by Martin Feldstein (1997, 1999). Feldstein finds that even at low inflation rates there are costs arising from the distortions introduced by the interaction of inflation with the taxation of income from capital (capital gains, dividends, and interest) in a less-than-perfectly-indexed tax system. Content Type(s): Staff research, Staff working papers Topic(s): Inflation: costs and benefits JEL Code(s): E, E5, E6
August 16, 2000 Monetary Policy Report Update – August 2000 Information received since the last Monetary Policy Report continues to show solid economic growth in the United States, Europe, and the emerging markets. Content Type(s): Publications, Monetary Policy Report