March 28, 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 On this occasion, I would like to touch on the Bank's contribution to good economic performance, our emphasis on openness and transparency, and our role in promoting domestic and global financial stability. I will then comment on the Bank's view of current economic conditions and discuss any issues you may wish to raise. Content Type(s): Press, Speeches and appearances, Opening statements
March 20, 2001 Governor highlights Bank of Canada's contribution to domestic and global financial stability Media Relations Montréal, Quebec As an open economy, Canada has a strong interest in promoting a sound and robust international economic environment, Governor David Dodge said today, in a speech to the Montreal Society of Financial Analysts. He stressed that sound macroeconomic policies and robust and efficient financial systems are of paramount importance in an increasingly interconnected world. Content Type(s): Press, Press releases
March 20, 2001 The Bank of Canada and Financial Stability Remarks David Dodge Montreal Society of Financial Analysts Montréal, Quebec While monetary stability through low inflation is crucial to good economic performance, our economy cannot function properly unless it is also supported by an efficient and stable financial system. And as the world economy becomes increasingly interconnected, sound macroeconomic policies and sound financial systems across all countries are even more essential. Content Type(s): Press, Speeches and appearances, Remarks
March 6, 2001 Bank of Canada lowers Bank Rate to 5 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering the Bank Rate by one-half of one percentage point to 5 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 per cent. Content Type(s): Press, Press releases
March 1, 2001 Net Position Reports - Formal Recommendation from the Bank of Canada The Bank of Canada announced today that it has sent the following letter to the Investment Dealers Association of Canada. Content Type(s): Press, Market notices
On Commodity-Sensitive Currencies and Inflation Targeting Staff Working Paper 2001-3 Kevin Clinton Two aspects of the recent monetary history of Canada, Australia, and New Zealand stand out: the sensitivity of their dollars to prices of resource-based commodities, and inflation targeting. This paper explores various aspects of these phenomena. Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Inflation targets, International topics, Monetary policy implementation JEL Code(s): E, E3, E31, E5, E52, F, F3, F31, F4, F42
February 27, 2001 Fall Consultations—2000: Summary of Comments As it does every year during the Fall, the government sought views from market participants on a number of issues related to the design and operations of government debt programs in the next fiscal year. To allow comments to be received from a broader range of participants, the consultation documents were available on the Bank […]
February 27, 2001 Fall Consultations - 2000: Summary of Comments As it has done in the Fall of previous years, the Department of Finance jointly with the Bank of Canada held consultations with market participants on issues relating to the design and operation of government debt programs in 2001-2002. Content Type(s): Press, Announcements
February 20, 2001 Governor underlines Bank of Canada's ongoing commitment to good economic performance Media Relations Toronto, Ontario In highlighting the Bank's commitment to contribute to the economic well-being of Canadians, Mr. Dodge said that the Bank must continue to "conduct monetary policy so as to promote sustained economic growth, create conditions conducive to rising investment, employment, and incomes, and encourage a more stable macroeconomic environment." He stressed that the best contribution monetary policy can make to such an outcome is "to keep future inflation low, stable, and predictable." Content Type(s): Press, Press releases
February 20, 2001 The Bank of Canada and Monetary Policy: Future Directions Remarks David Dodge Toronto Board of Trade Toronto, Ontario There are three main issues I want to address publicly as I begin my term: the Bank's contribution to good economic performance; the Bank's contribution to promoting financial stability, both nationally and internationally; and the importance of open and frank dialogue with business, labour, and the general public. Content Type(s): Press, Speeches and appearances, Remarks