May 30, 2006 Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology Opening statement David Dodge House of Commons Standing Committee on Industry, Science and Technology 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." Over time, it has become clear that the best way for us to fulfill this mandate is to keep inflation low, stable, and predictable. Content Type(s): Press, Speeches and appearances, Opening statements
May 24, 2006 Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/4 per cent. Content Type(s): Press, Press releases
May 5, 2006 The Crucial Contribution of the Financial System and Monetary Policy to Economic Development Remarks David Longworth Conference of the Association des économistes québécois Montréal, Quebec Many analysts have examined the relationship between the financial system and economic development. They have uncovered some interesting facts regarding the characteristics of the financial system - characteristics that contribute to the best possible allocation of savings to productive investments, which are themselves engines of economic growth. Content Type(s): Press, Speeches and appearances, Remarks
May 3, 2006 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce Total and core inflation were projected to average close to 2 per cent, beginning in the second half of this year. This projection assumed oil prices at roughly US$64 per barrel, a level then indicated by futures prices. Our projection also assumed stable commodity prices, government spending that was growing roughly in line with revenues, and a Canadian dollar continuing to trade in a range of 85 to 87 cents U.S. Content Type(s): Press, Speeches and appearances, Opening statements
April 27, 2006 Release of the Monetary Policy Report Opening statement David Dodge The Canadian economy continues to grow at a solid pace, supported by robust global growth, firm commodity prices, and strong domestic demand. At the same time, global competition and the past appreciation of the Canadian dollar continue to pose challenges for a number of sectors. Content Type(s): Press, Speeches and appearances, Opening statements
April 27, 2006 Bank of Canada releases Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today released its April Monetary Policy Report (MPR), which discusses current economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Press releases
April 25, 2006 Bank of Canada raises 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 raising its target for the overnight rate by one-quarter of one percentage point to 4 per cent. Content Type(s): Press, Press releases
April 13, 2006 Summary of the CFEC Survey on Foreign Exchange Hedging In December 2005, the Bank of Canada sent those banks that are members of the Canadian Foreign Exchange Committee (CFEC) a questionnaire that focused on the foreign exchange hedging activities of their corporate customers. Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
April 7, 2006 2006/07 Debt Strategy Consultations - Summary of Comments Today, a Summary of Comments/Debt Strategy 2006/07 is being published on the Bank's website in conjunction with the release of the government's Debt Management Strategy for 2006/07 on the Department of Finance's website. Content Type(s): Press, Market notices
April 7, 2006 Bank of Canada Reassures Canada Savings Bond Payroll Savings Program Clients Following Successful Fraud Investigation Media Relations Ottawa, Ontario The Bank of Canada today expressed its satisfaction with the successful investigation by the RCMP and the Ottawa Police Service of an incidence of fraudulent activity related to a small number of Canada Savings Bond Payroll Savings Program accounts. Content Type(s): Press, Press releases