March 5, 2008 Proposed Criteria for Accepting ABCP as Collateral for the Bank of Canada's Standing Liquidity Facility The Bank of Canada is seeking comments from direct participants in the Large Value Transfer System (LVTS) and other interested parties on the proposed eligibility criteria for accepting asset-backed commercial paper (ABCP) as collateral for the Bank of Canada's Standing Liquidity Facility (SLF). Content Type(s): Press, Announcements
March 4, 2008 Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent. Content Type(s): Press, Press releases
February 26, 2008 Summary of Comments - 2008/09 Debt Strategy Consultations Today, a Summary of Comments on the Debt Strategy Consultations for 2008/09 is being published on the Bank of Canada's website in conjunction with the release of the government's Debt Management Strategy for 2008/09 on the Department of Finance's website. Content Type(s): Press, Market notices
February 18, 2008 Governor Carney Discusses Impacts of Globalization on Canada Media Relations Vancouver, British Columbia Canada has adjusted well to sharp movements in its terms of trade and is enjoying the many benefits of a globalized economy, Bank of Canada Governor Mark Carney said today in a speech to the British Columbia Chamber of Commerce and the Business Council of British Columbia. Content Type(s): Press, Press releases
February 18, 2008 The Implications of Globalization for the Economy and Public Policy Remarks Mark Carney British Columbia Chamber of Commerce and the Business Council of British Columbia Vancouver, British Columbia I chose to speak about globalization at the outset of my tenure because it will continue to be one of the forces shaping our economy and economic policy for years to come. Steady advances in transportation, communication, and information technologies, underpinned by the more widespread adoption of free-market economic policies, are shrinking the globe and expanding the global economy. Content Type(s): Press, Speeches and appearances, Remarks
January 30, 2008 Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology Opening statement Paul Jenkins House of Commons Standing Committee on Industry, Science and Technology To begin, as a little background I would like to quickly review the framework within which we conduct Canada's monetary policy. The Bank of Canada Act calls on us to mitigate "fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada." Content Type(s): Press, Speeches and appearances, Opening statements
January 24, 2008 Bank of Canada releases Monetary Policy Report Update Media Relations Ottawa, Ontario The Bank of Canada today released its January Monetary Policy Report Update. Content Type(s): Press, Press releases
January 24, 2008 Release of the Monetary Policy Report Update Opening statement David Dodge The Canadian economy continues to operate above its production capacity, despite some slowing in growth and inflation in the fourth quarter of 2007. Financial conditions have deteriorated since October, leading to tighter credit conditions in industrialized countries. Content Type(s): Press, Speeches and appearances, Opening statements
January 22, 2008 Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 per cent. Content Type(s): Press, Press releases
January 18, 2008 Changes in Minimum Bank of Canada Nominal Bond Purchases at Auctions Section 5.1 of the Statement of Policy Governing the Acquisition and Management of Financial Assets for the Bank of Canada's Balance Sheet states that "The Bank's holdings of Government of Canada nominal bonds and treasury bills are structured to broadly reflect the composition of the federal government's stock of nominal domestic marketable debt." Content Type(s): Press, Market notices