October 5, 2010 Reflections on Monetary Policy After the Great Recession Remarks Tiff Macklem International Finance Club of Montréal Montréal, Quebec As a native Montrealer, I am particularly pleased to be coming home to deliver my first speech as Senior Deputy Governor of the Bank of Canada. Content Type(s): Press, Speeches and appearances, Remarks
October 21, 2008 Bank of Canada lowers overnight rate target by 1/4 percentage point to 2 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent. Content Type(s): Press, Press releases
August 18, 2010 Strengthening International Capital and Liquidity Standards: A Macroeconomic Impact Assessment for Canada G-20 leaders have agreed on comprehensive financial sector reforms to reduce the risk of future crises and to strengthen banking systems. Raising the amount and quality of capital and liquidity that financial institutions must carry is a central component of the reforms. The G-20 is developing a set of proposals for agreement by leaders at […]
June 17, 2010 Changes to Eligible Securities and Margin Requirements for the Bank of Canada's Standing Liquidity Facility (SLF) As part of an ongoing review of collateral policy related to the Bank of Canada's Standing Liquidity Facility (SLF), the Bank is broadening the list of assets acceptable as collateral and revising its margin requirements. Content Type(s): Press, Market notices
August 24, 2010 Bank of Canada Announces the Recipients of Its 2010 Law Enforcement Award of Excellence for Counterfeit Deterrence Media Relations Ottawa, Ontario The Bank of Canada is pleased to announce the recipients of its 2010 Law Enforcement Award of Excellence for Counterfeit Deterrence. The award was established in 2004 to recognize the work of Canadian law-enforcement personnel in deterring and preventing the counterfeiting of Canada's bank notes. Content Type(s): Press, Press releases
July 29, 2010 Bank of Canada Releases 2011 Schedule of Dates for Its Policy Interest Rate Announcements Media Relations Ottawa, Ontario The Bank of Canada today released its 2011 schedule of eight dates for announcing decisions on its key policy interest rate and confirmed the announcement dates for the remainder of this year. Content Type(s): Press, Press releases
September 10, 2010 Restoring Faith in the International Monetary System Remarks Mark Carney Spruce Meadows Changing Fortunes Round Table Calgary, Alberta We are three years into the global financial crisis, and its dynamics still dominate the economic outlook. In particular, broad forces of bank, household, and sovereign deleveraging can be expected to add to the variability and temper the pace of global economic growth in the years ahead. Content Type(s): Press, Speeches and appearances, Remarks
June 16, 2010 Fortune Favours the Bold Remarks Mark Carney Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island From the end of 2008 to the middle of last year, Canada experienced a short, sharp recession. With the exception of government spending, all major components of aggregate demand declined, and industrial production dropped 15 per cent. Canadian exporters suffered particularly, owing to the sharp fall in the components of U.S. economic activity that matter most for Canada. Content Type(s): Press, Speeches and appearances, Remarks