Search

Proceedings of a conference held by the Bank of Canada, November 2004 (proceedings volume, available in electronic format only)

These meetings help us keep Members of Parliament and, through you, all Canadians informed about the Bank's views on the economy, and about the objective of monetary policy and the actions we take to achieve it.

The Canadian economy continues to adjust to major global developments.

The Canadian economy has grown faster than was projected in last April's Monetary Policy Report and the July Update, largely because of a surge in exports. It is now operating near its production capacity and continues to adjust to global economic developments.

The Prime Minister announced today that Mark Carney, Deputy Governor of the Bank of Canada, has been appointed Senior Associate Deputy Minister of Finance, effective 15 November.

The Canadian economy has grown faster than was projected in last April's Monetary Policy Report and the July Update, largely because of a surge in exports. It is now operating near its production capacity and continues to adjust to global economic developments.

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.

Consultation documents, prepared jointly by the Department of Finance and the Bank of Canada on behalf of the Government of Canada, are being published today.

As part of their regular review of debt management policies and programs, the Department of Finance and the Bank of Canada, on behalf of the Government of Canada, are seeking the views of interested parties on the design of the framework for distributing the government's debt securities.

The government and the Bank of Canada are seeking views of Government Securities Distributors, institutional investors, and other interested parties on issues relating to the design and operation of the Government of Canada domestic debt programs for fiscal year 2005/06.