August 12, 2004 Canada's new $20 bank note to be unveiled on 25 August 2004 Media Relations Ottawa, Ontario Canada's new $20 bank note will be unveiled on Wednesday, 25 August 2004, in Vancouver, British Columbia. The new $20 bank note celebrates Canadian arts and culture and features the work of Bill Reid, one of Canada's most accomplished artists. Content Type(s): Press, Press releases
January 31, 2002 Bank of Canada's outlook for the Canadian economy Remarks David Dodge Meeting in New York with Canadian banks and the investment community The immediate impact and the fallout from last September's events introduced new layers of uncertainty into the economic picture, compounding the effects of a deepening global economic slowdown that had become more evident during the summer. Content Type(s): Press, Speeches and appearances, Remarks
January 29, 2002 Inflation Targeting During a Difficult Year Remarks David Dodge Saskatoon and District Chamber of Commerce Saskatoon, Saskatchewan One of the main benefits of the targets is that they help the economy to run more smoothly when there are surprises in the level of demand for Canadian goods and services. Content Type(s): Press, Speeches and appearances, Remarks
The Carry Trade, Portfolio Diversification, and the Adjustment of the Japanese Yen Staff Discussion Paper 2008-2 Corinne Luu In this paper, the author considers whether fundamentals or other factors can explain the yen's ongoing weakness. In particular, the importance of capital outflows due to the carry trade and longer-term portfolio investment outflows, which may be delaying the adjustment of the yen, are investigated. A simple portfolio model is developed, composed of a speculative […] Content Type(s): Staff research, Staff discussion papers Research Topic(s): Exchange rates, International topics, Recent economic and financial developments JEL Code(s): F, F2, F21, F3, F31, F32, G, G1, G11
Price-Level Targeting and Stabilization Policy: A Review Staff Discussion Paper 2007-11 Steve Ambler The author surveys recent articles on the costs and benefits of price-level targeting versus inflation targeting, focusing on the benefits and costs of price-level targeting as a tool for stabilization policy. He reviews papers that examine how price-level targeting affects the short-run trade-off between output and inflation variability by influencing expectations of future inflation. The […] Content Type(s): Staff research, Staff discussion papers Research Topic(s): Monetary policy framework JEL Code(s): E, E3, E31, E32, E5, E52
Dollarization in Canada: The Buck Stops There Technical Report No. 90 John Murray, James Powell The sharp depreciation of the Canadian dollar and the successful launch of the euro have spawned an animated debate in Canada concerning the potential benefits of formally adopting the U.S. dollar as our national currency. Content Type(s): Staff research, Technical reports Research Topic(s): Exchange rate regimes JEL Code(s): E, E3, E32, F, F3, F33, F36
October 25, 2006 Governor Dodge Looks at the Global Economy and the Implications for Ontario Media Relations Ottawa, Ontario In a speech by video conference to the Ontario Economic Leadership Summit in Niagara-on-the-Lake, Governor Dodge reviewed the Bank's projections contained in the Monetary Policy Report, published last week. Content Type(s): Press, Press releases
August 31, 2002 Macroeconomic Stabilization Policy in Canada Remarks David Dodge Symposium sponsored by the Federal Reserve Bank of Kansas City Jackson Hole, Wyoming What I propose to do on this panel today is to talk about stabilization policy and policy co-operation from the viewpoint of an industrial country that has a floating exchange rate and both an explicit inflation target for monetary policy and a clear objective for fiscal policy. Content Type(s): Press, Speeches and appearances, Remarks
February 7, 2006 Nominations Invited for the Bank of Canada's Law Enforcement Award of Excellence for Counterfeit Deterrence Media Relations Ottawa, Ontario Effective today, the Bank of Canada is inviting nominations for the third annual Law Enforcement Award of Excellence for Counterfeit Deterrence. Content Type(s): Press, Press releases
January 26, 2006 Bank of Canada releases Monetary Policy Report Update Media Relations Ottawa, Ontario The Bank of Canada today released its Update to the October Monetary Policy Report (MPR). The Update discusses current economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Press releases