January 29, 2002 Inflation Targeting During a Difficult Year Remarks David Dodge Saskatoon and District Chamber of Commerce Saskatoon, Saskatchewan One of the main benefits of the targets is that they help the economy to run more smoothly when there are surprises in the level of demand for Canadian goods and services. Content Type(s): Press, Speeches and appearances, Remarks
January 28, 2002 Bank of Canada Governor reviews key developments of last year Media Relations Winnipeg, Manitoba The Governor highlighted the global slowdown as the major economic challenge of the past year. But he said that there were also key changes within the Bank of Canada related to the implementation of monetary policy. In particular, he spoke of the success of the Bank's new system of eight fixed dates per year for announcing interest rate decisions. He also set out in detail the process that leads to those decisions. Content Type(s): Press, Press releases
January 28, 2002 Challenges and Changes in an Eventful Year Remarks David Dodge Canadian Club of Winnipeg Winnipeg, Manitoba The main economic concern of the past year was the slowdown that occurred not just here in Canada, but in most major economies. Compounding the economic concerns were the 11 September terrorist attacks in the United States. Content Type(s): Press, Speeches and appearances, Remarks
January 23, 2002 Bank of Canada releases Monetary Policy Report Update Media Relations The Bank of Canada today released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Press releases
January 23, 2002 Release of the Monetary Policy Report Update Opening statement David Dodge (English Version) Economic developments in Canada since the November Report, and the profile for growth outlined in the Update, suggest that the amount of slack in the economy through 2002 will likely be somewhat greater than assumed in November. Content Type(s): Press, Speeches and appearances, Opening statements
January 23, 2002 Release of the Monetary Policy Report Update Opening statement David Dodge (Bilingual Version) Economic developments in Canada since the November Report, and the profile for growth outlined in the Update, suggest that the amount of slack in the economy through 2002 will likely be somewhat greater than assumed in November. Content Type(s): Press, Speeches and appearances, Opening statements
January 15, 2002 Bank of Canada lowers key policy interest rate by 1/4 percentage point to 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-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent. Content Type(s): Press, Press releases
January 5, 2002 Inflation Targeting in Canada: Experience and Lessons Remarks David Dodge Central Bank Governor's Panel on Inflation Targeting at a joint session of The American Economic Association and the North American Economics and Finance Association Atlanta, Georgia In the 1970s and 1980s we found - in common with many other countries - that high and variable rates of inflation created a lot of economic damage. And it took a long time and a lot of work with various monetary policy frameworks before we got back on track. Content Type(s): Press, Speeches and appearances, Remarks
December 19, 2001 Debt Strategy Consultations 2002-03 - Market Views Sought on Issues Relating to the Design and Operation of Government Debt Programs over 2002-03 and Beyond A consultation document on issues relating to the design and operation of government debt programs for fiscal year 2002-2003 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today. Content Type(s): Press, Market notices
December 18, 2001 Government of Canada Pilot Bond Switch Program Launch: Operational Framework On behalf of the Minister of Finance, the Bank of Canada announced today the operational framework for a pilot bond switch program. The program is designed to support the maintenance of a liquid Government of Canada new issue bond market through the exchange of less liquid outstanding bonds (repurchase bonds) into a benchmark bond (replacement bond). Content Type(s): Press, Market notices