January 23, 2003 Release of Monetary Policy Report Update Opening statement David Dodge Core inflation has been higher than anticipated in recent months. This reflects not only a stronger-than-expected increase in premiums for auto and home insurance, but also some broadening of price pressures resulting from strong demand in the economy. Content Type(s): Press, Speeches and appearances, Opening statements
January 21, 2003 Bank of Canada keeps target for the overnight rate at 2 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. Content Type(s): Press, Press releases
January 13, 2003 Senior Deputy Governor Malcolm Knight appointed new General Manager of the Bank for International Settlements Media Relations Ottawa, Ontario The Board of Directors of the Bank for International Settlements (BIS), based in Switzerland, announced today the appointment of Malcolm Knight as the new General Manager of the BIS, beginning in April 2003. Content Type(s): Press, Press releases
December 3, 2002 Bank of Canada keeps target for the overnight rate at 2 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent. Content Type(s): Press, Press releases
December 2, 2002 Change to Bank of Canada Interest Rate Spread for Items Cleared through the Automated Clearing Settlement System (ACSS) The Canadian Payments Association introduced the Large Value Transfer System, an electronic system for the transfer of payments, on 4 February 1999. Virtually all of the value of public sector payment flows and most payments related to wholesale market transactions now move through the LVTS. Content Type(s): Press, Market notices
November 25, 2002 Debt-Strategy Consultations 2003/04 - Views Sought on Issues Relating to the Design and Operation of Government Debt Programs in 2003/04 and Beyond A consultation document on issues relating to the design and operation of government debt programs for fiscal year 2003/04 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, was published today. Debt-strategy planning is based on the fiscal outlook in the 2002 Economic and Fiscal Update released 30 October 2002, which projects that government borrowing in financial markets will remain near current levels. Content Type(s): Press, Market notices
November 25, 2002 Turnaround Time and Timing for Government of Canada Securities Auctions and Repurchase Operations Effective 9 December 2002, the turnaround time for Government of Canada securities auctions will be reduced from 15 minutes to 10 minutes, and the turnaround time for repurchase operations will be reduced from 30 minutes to 15 minutes. Coincident with these changes, the submission deadline for buybacks on a cash basis will be advanced from 1:15 p.m to 1:00 p.m. Content Type(s): Press, Market notices
November 22, 2002 Bank of Canada Announces Retirement of Deputy Governor Charles Freedman Media Relations Ottawa, Ontario Today, the Bank of Canada announced that Deputy Governor Charles (Chuck) Freedman will retire from the Bank effective 5 September 2003. Content Type(s): Press, Press releases
November 18, 2002 Governor Explains How the Bank of Canada Promotes Canada's Economic and Financial Welfare Media Relations Calgary, Alberta In a speech to the Calgary Chamber of Commerce, Bank of Canada Governor David Dodge today outlined some of the ways in which the central bank contributes to Canada's economic and financial welfare. Content Type(s): Press, Press releases
November 18, 2002 Promoting Canada's Economic and Financial Welfare Remarks David Dodge Calgary Chamber of Commerce Calgary, Alberta It's been a difficult year for many sectors of the Alberta economy. Certainly, the severe drought hurt many western farmers, and investment in the energy sector was held back by low oil and gas prices. In addition, the slump in the telecom sector has affected Calgary. Content Type(s): Press, Speeches and appearances, Remarks