December 17, 2008 Governor Carney discusses key risks to financial system, advocates for macroprudential approach Media Relations Toronto, Ontario While measures taken to address the global financial crisis will be successful, policy-makers need to improve their ability to detect the next crisis before it occurs, Bank of Canada Governor Mark Carney said today. Content Type(s): Press, Press releases
June 11, 2009 Path to Renewed Globalization Critical for New World Economic Order, Governor Carney says Media Relations Montréal, Quebec Countries around the world must work toward a new global economy that is open, resilient, and responsible, Bank of Canada Governor Mark Carney said today, as he laid out an agenda for the renewal of globalization. Content Type(s): Press, Press releases
Canada and the IMF: Trailblazer or Prodigal Son? Staff Discussion Paper 2009-1 Michael Bordo, Lawrence L. Schembri, Tamara Gomes Canada played an important role in the postwar establishment of the International Monetary Fund (IMF), yet it was also the first major member to challenge the orthodoxy of the BrettonWoods par value system by abandoning it in 1950 in favour of a floating, market-determined exchange rate. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Exchange rate regimes, Exchange rates, Monetary policy framework JEL Code(s): E, E5, E52, E58, F, F4, F41, F5, F55, N, N7, N72
September 20, 2004 Canadian Monetary Policy in an Evolving World Economy Remarks David Dodge Canadian Chamber of Commerce Calgary, Alberta The Bank does look to the Chamber to help us understand how economic developments are unfolding at the industry level. And I particularly want to thank the Chamber for being an ongoing partner in our efforts to smoothly introduce three new high-denomination bank notes this year. Content Type(s): Press, Speeches and appearances, Remarks
November 17, 2003 Global Challenges, Canadian Opportunities Remarks David Dodge Office for Partnerships for Advanced Skills Annual Visionary Seminar Ottawa, Ontario It is certainly nothing new to say that economies have become increasingly globalized. In his 1962 book, The Gutenberg Galaxy, Marshall McLuhan observed that the electronic mass media were collapsing time and space barriers. This enabled people to communicate on a global scale. He coined the term "global village" to describe this change. Content Type(s): Press, Speeches and appearances, Remarks
April 21, 2009 Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent and, conditional on the inflation outlook, commits to hold current policy rate until the end of the second quarter of 2010 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 1/4 per cent, which the Bank judges to be the effective lower bound for that rate. Content Type(s): Press, Press releases
November 24, 2008 Deputy Governor to leave Bank of Canada Media Relations Ottawa, Ontario The Bank of Canada announced today that Deputy Governor Sheryl Kennedy has decided to leave the Bank to pursue other interests. Content Type(s): Press, Press releases
February 18, 2009 Bank of Canada announces Deputy Governor appointment Media Relations Ottawa, Ontario The Board of Directors of the Bank of Canada today announced the appointment of Timothy D. Lane as Deputy Governor and member of the Governing Council of the Bank effective 18 February. Content Type(s): Press, Press releases
January 27, 2009 Bank of Canada's continued focus on inflation right for current economic times: Governor Carney Media Relations Halifax, Nova Scotia Canadians can be confident that monetary policy will maintain a "relentless" focus on controlling inflation, whether it rises above or drops below the official target range, Bank of Canada Governor Mark Carney said today. Content Type(s): Press, Press releases
January 22, 2009 Bank of Canada releases Monetary Policy Report Update Media Relations Ottawa, Ontario In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity. Content Type(s): Press, Press releases