July 16, 2002 Bank of Canada raises overnight rate target by 1/4 percentage point to 2 3/4 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 2 3/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 3 per cent. Content Type(s): Press, Press releases
June 12, 2002 Bank of Canada Announces Appointment of Special Adviser Media Relations Ottawa, Ontario The Bank of Canada today announced the appointment of Andrew Spence to the visiting economist position of Special Adviser for a one-year term. Mr. Spence will be taking leave from his current position as Global Head, Currency and Credit Markets Research with TD Securities, as of September 2002. Content Type(s): Press, Press releases
June 11, 2002 Bank of Canada Governor says trust and transparency crucial for financial markets Media Relations Halifax, Nova Scotia Canadian financial markets need trust and transparency to operate most efficiently, Bank of Canada Governor David Dodge said today in a speech to the Greater Halifax Partnership. Mr. Dodge said that the Bank of Canada's reliance on trust and transparency shows why these qualities are also important to the private sector. Content Type(s): Press, Press releases
June 4, 2002 Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/2 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 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 3/4 per cent. Content Type(s): Press, Press releases
May 14, 2002 Bank of Canada Governor Reviews Progress in Strengthening International Financial Architecture and Resolving Financial Crises Media Relations Ottawa, Ontario Mr. Dodge stressed that in an interconnected world, Canada's open economy is very much affected by world events - hence, our strong interest in a healthy international financial environment. Content Type(s): Press, Press releases
April 24, 2002 Bank of Canada releases its April Monetary Policy Report Media Relations Ottawa, Ontario Canada's economic outlook has improved significantly since the November Monetary Policy Report. Indeed, information on the fourth quarter of last year and the first quarter of 2002 indicates that the recovery in the Canadian economy began sooner and has been considerably stronger than anticipated. Content Type(s): Press, Press releases
April 16, 2002 Bank of Canada raises overnight rate target by 1/4 percentage point to 2 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 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent. Content Type(s): Press, Press releases
March 27, 2002 The Bank of Canada Launches a New $5 Bank Note Media Relations Montréal, Quebec David Dodge, Governor of the Bank of Canada and Paul Martin, Minister of Finance were joined at the unveiling by Jean Béliveau, former NHL hockey player for the Montréal Canadiens, Kim St. Pierre, member of the gold-medal-winning Canadian Olympic women's hockey team in Salt Lake City, and Myriam Bédard, two-time Olympic gold medallist in the biathlon. Content Type(s): Press, Press releases
March 25, 2002 Canada's new $5 bank note launched on 27 March 2002 Media Relations Ottawa, Ontario Canada's new $5 bank note will be launched Wednesday, 27 March, in Montréal. Content Type(s): Press, Press releases
March 12, 2002 Bank of Canada Governor Reviews Canadian Monetary Policy Choices Media Relations Paris, France In particular, the Governor discussed how the Bank of Canada aims to promote economic growth by means of a monetary policy symmetrically focused on a 2 per cent inflation target. "We pay equal attention to any significant movement away from 2 per cent - whether above or below," Mr. Dodge said. In contrast, the European Central Bank has an inflation-control ceiling of 2 per cent, he noted. Content Type(s): Press, Press releases