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
December 14, 2001 Bank of Canada's target for the minimum daily level of Large Value Transfer System settlement balances confirmed On 29 March 2001, the Bank of Canada announced an increase in the target for the minimum daily level of the Large Value Transfer System (LVTS) settlement balances from zero to $50 million on a trial basis, effective 2 April 2001. Content Type(s): Press, Market notices
December 4, 2001 Bank of Canada to acquire general collateral through term repurchase agreements The Bank of Canada today announced its intention to temporarily add assets to its balance sheet to offset the anticipated seasonal increase in the demand for bank notes. These operations have no monetary policy significance. Content Type(s): Press, Market notices
November 29, 2001 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce The Bank has a commitment to contribute to the economic well-being of Canadians. This means that we must conduct monetary policy so that it fosters sustained solid economic growth. Content Type(s): Press, Speeches and appearances, Opening statements
November 27, 2001 Bank of Canada lowers key policy interest rate by 1/2 percentage point to 2 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-half of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent. Content Type(s): Press, Press releases
November 7, 2001 Bank of Canada releases semi-annual Monetary Policy Report Media Relations The Bank of Canada today released its semi-annual 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
November 7, 2001 Release of the Monetary Policy Report Opening statement David Dodge Since our May 2001 Report, a further weakening of the world economy and the terrorist acts in the United States have forced a reappraisal of global economic prospects. By midsummer, evidence began to accumulate that the economic slowdown, globally and in Canada, would bedeeper and more protracted than previously anticipated. Thus, in late August, the […] Content Type(s): Press, Speeches and appearances, Opening statements
November 7, 2001 Opening Statement before the House of Commons Standing Committee on Finance Opening statement David Dodge House of Commons Standing Committee on Finance Right now, all national economies face difficulties - difficulties stemming from the further weakening of the world economy and from the terrorist acts in the United States. As businesses, governments, and individuals in Canada - and around the world - strive to come to terms with the implications of those acts, the main preoccupation is, naturally, with the near term. Content Type(s): Press, Speeches and appearances, Opening statements