January 22, 2001 Bank of Canada Governor says Canada's economy faces the future with sound foundations Media Relations Toronto, Ontario In a speech to the Canadian Club of Toronto, Bank of Canada Governor Gordon Thiessen reviewed Canada's economic performance during the 1990s, focusing on the changes that have taken place in our economy and what these changes mean for the future. Content Type(s): Press, Press releases
January 22, 2001 Canada's Economic Future: What Have We Learned from the 1990s? Remarks Gordon Thiessen Canadian Club of Toronto Toronto, Ontario In early 1994, Canada's economic situation was not that favourable - our economy was facing some rather serious problems. Today, too, we face some challenges. But our overall economic and financial situation is much stronger now than it was seven years ago. Content Type(s): Press, Speeches and appearances, Remarks
January 17, 2001 Redesigned $10 Bank Note Launched - New Note Series to Feature Canada's Culture, History and Achievements Media Relations Ottawa, Ontario The Bank of Canada launched the first in a new series of bank notes today. The themes of the notes in the new series, entitled Canadian Journey, reflect Canadians' views of their culture, history, and achievements, said Gordon Thiessen, Governor of the Bank of Canada, as he unveiled the $10 note at the Bank. Content Type(s): Press, Press releases
January 16, 2001 Bank of Canada Review - Winter 2000-2001 Cover page Intaglio Master Plate—Bank of Canada, 1954 Series $5 The intaglio plate shown here is made of steel and measures approximately 8 1/4 x 4 3/4 inches. Together with the note, the engraver's chisel, and eyeglass, it is part of the National Currency Collection, Bank of Canada. Photography by James Zagon. Content Type(s): Publications, Bank of Canada Review
January 15, 2001 Janet Cosier Appointed Chair of Canadian Payments Association Media Relations Ottawa, Ontario The Bank of Canada announced today that Janet Cosier, Adviser to the Governor, has been appointed Chair of the Board of Directors of the Canadian Payments Association. Content Type(s): Press, Press releases
Core Inflation Technical Report No. 89 Seamus Hogan, Marianne Johnson, Thérèse Laflèche The Bank of Canada uses core CPI inflation, the year-over-year rate of change of the consumer price index excluding food, energy, and the effects of changes in indirect taxes, as the operational guide for monetary policy. Content Type(s): Staff research, Technical reports Topic(s): Inflation and prices JEL Code(s): E, E3, E31
December 31, 2000 Summary of Government of Canada - Outstanding as at 31 December 2000 Content Type(s): Publications, Historical: Securities and loans
December 20, 2000 David Dodge Appointed Governor of the Bank of Canada Media Relations Ottawa, Ontario The Board of Directors of the Bank of Canada announced today that, pursuant to Section 6 of the Bank of Canada Act, it has appointed David Dodge as Governor of the Bank of Canada for a seven-year term, effective 1 February 2001. Content Type(s): Press, Press releases
December 17, 2000 Dynamic General-Equilibrium Models and Why the Bank of Canada is Interested in Them Bank of Canada Review - Winter 2000-2001 Kevin Moran Dynamic general-equilibrium models (DGEMs) are being increasingly used in macroeconomic research. In this article, the author describes the main features of these models and outlines their contribution to economic research performed at the Bank of Canada. He notes that the basic principle of DGEMs is that the modelling of economic activity, even on a scale as large as the economy of a country, should start with a series of microeconomic problems (at the scale of individuals), which, once resolved, are aggregated to represent the macroeconomic reality described by the model. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Economic models
December 16, 2000 The Bank of Canada's Management of Foreign Currency Reserves Bank of Canada Review - Winter 2000-2001 Jacobo De Leon This article describes the Bank's management of the liquid foreign currency portion of the government's official reserves. It broadly outlines the operations of the Exchange Fund Account (EFA), the main account in which Canada's reserves are held. It then briefly reviews the evolution of the objectives and management of the EFA over the past 25 years, particularly in light of the changing level of reserves and developments in financial markets. The EFA is funded by Canada's foreign currency borrowings in capital markets. The article focuses on the comprehensive portfolio framework used to manage the Account, which matches assets and liabilities. Under this framework, funds are invested in assets that match, as closely as possible, the characteristics of foreign currency liabilities issued, helping to immunize the portfolio against currency and interest rate risks. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial markets, Interest rates