April 25, 2009 Senior Loan Officer Survey - First-Quarter 2009 Survey respondents reported continued tightening in lending conditions. Respondents attributed the ongoing tightening to concerns about the economic outlook and to industry-specific factors. Content Type(s): Publications, Senior Loan Officer Survey
April 24, 2009 Bank of Canada Announces Details of its Term PRA Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 21 April (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation. Content Type(s): Press, Market notices
April 24, 2009 Bank of Canada Announces Details of its Term Loan Facility Operation In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 24 April (see schedule), the Bank of Canada announced today that it will conduct a TLF operation. Content Type(s): Press, Market notices
April 24, 2009 Bank of Canada Announces Details of its Term PRA for Private Sector Instruments Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector instruments announced on 24 April (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation for private sector instruments. Content Type(s): Press, Market notices
April 23, 2009 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario These are difficult economic times with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world. Content Type(s): Press, Speeches and appearances, Opening statements
April 23, 2009 Bank of Canada releases Monetary Policy Report Media Relations Ottawa, Ontario In the Report, the Bank noted that in an environment of continued high uncertainty, the global recession has intensified and become more synchronous since the Bank's January Monetary Policy Report Update, with weaker-than-expected activity in all major economies. Content Type(s): Press, Press releases
April 22, 2009 Results for the 22 April 2009 Term Loan Facility Results of today's TLF operation. Content Type(s): Press, Market notices
April 22, 2009 Monetary Policy Report – April 2009 In an environment of continued high uncertainty, the global recession has intensified and become more synchronous since the Bank’s January Monetary Policy Report Update, with weaker-than-expected activity in all major economies. Errata: The source for Chart 1 (on page 3) is Global Insight, not the Bank of Canada. As well, in chart 15 (on page18), the base year for the exchange rate index CERI excluding the U.S. dollar should read 1992=100, not 1997=100. Content Type(s): Publications, Monetary Policy Report
April 21, 2009 Operating Framework for the Implementation of Monetary Policy at the Effective Lower Bound for the Overnight Interest Rate The Bank is setting an effective lower bound (ELB) of 25 basis points on the overnight interest rate in order to preserve the effective functioning of markets in a low interest rate environment.
April 21, 2009 Overnight Standing Purchase and Resale Agreement (PRA) Facility The Bank makes this standing facility available to Primary Dealers on an overnight basis at the upper limit of the operating band (Bank Rate).