June 11, 2009 Rebalancing the Global Economy Remarks Mark Carney International Economic Forum of the Americas, conference of Montreal The theme of this conference – "Adapting to a New World Order" – suggests that it is clear how global commerce and finance will be reorganized in the wake of the current crisis. However, the outcome is far from preordained. How we manage the rebalancing of the global economy could profoundly influence how open, equitable, and prosperous the New World Order will be. Content Type(s): Press, Speeches and appearances, Remarks
December 15, 2007 Bank of Canada response to announcement by Pan-Canadian Investors Committee The Bank of Canada is pleased that substantial progress towards establishing a broad framework for the restructuring of the third-party structured asset-backed commercial paper (ABCP) under the Montreal Accord has been made by the parties involved. Content Type(s): Press, Market notices
May 19, 2009 When the Unconventional Becomes Conventional: Monetary Policy in Extraordinary Times Remarks John Murray Global Interdependence Center Philadelphia, Pennsylvania The financial turbulence that began in the U.S. subprime-mortgage market in August 2007 reached maximum intensity towards the end of 2008, and enveloped the entire global economy. Strains that had previously been concentrated in a few major financial centers turned into a full-blown crisis, affecting both industrial and emerging-market economies through trade, financial, and confidence channels. Content Type(s): Press, Speeches and appearances, Remarks
July 18, 2007 Update on Selection Process for Governor of the Bank of Canada Released by the Special Committee of the Bank's Board of Directors In accordance with the Bank of Canada Act, the Governor of the Bank of Canada is appointed by the independent directors with the approval of the Governor in Council (federal Cabinet). Following an announcement on 25 April 2007 that the current Governor, Mr. David Dodge, would not be seeking reappointment at the end of his seven year mandate on 31 January 2008, the Bank's Board of Directors initiated a process to find a replacement. Content Type(s): Press, Announcements
May 6, 2009 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Mark Carney Standing Senate Committee on Banking, Trade and Commerce 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
October 27, 2008 Bank of Canada Announces Details of its 28 Day Term PRA Transaction In accordance with the schedule of Term PRA auctions announced on 3 October, the Bank of Canada announced today that it will enter into a 28-day Purchase and Resale Agreement (PRA) transaction as follows: Content Type(s): Press, Market notices
October 27, 2008 Bank of Canada Announces the Minimum Bid Rate for Today's Term PRA Facility for Private Sector Money Market Instruments The minimum bid rate for today's 14-day Term PRA Facility for Private Sector Money Market Instruments. Content Type(s): Press, Market notices
January 26, 2009 Bank of Canada Announces the Minimum Bid Rate for Today's Term PRA Facility for Private Sector Money Market Instruments The minimum bid rate for today's 14-day Term PRA Facility for Private Sector Money Market Instruments is 1.740%. Content Type(s): Press, Market notices
September 29, 2008 Bank of Canada Announces Expansion of the Swap Facility with U.S. Federal Reserve as part of Coordinated Central Bank Actions In response to continued strains in short-term funding markets, central banks today are announcing further coordinated actions to expand significantly the capacity to provide U.S. dollar liquidity. Content Type(s): Press, Market notices
September 25, 2008 Bank of Canada Announces Term PRA Transactions In light of ongoing pressures in term lending markets, the Bank of Canada will provide additional liquidity through term Purchase and Resale Agreements (term PRAs) according to the following schedule: Content Type(s): Press, Market notices