January 30, 2003 Annual Report 2002 In the year just ended, the global economy faced a number of exceptional challenges, reflecting a wide range of economic, financial, and geopolitical risks and uncertainties. These included the fallout from the September 2001 terrorist attacks, corporate accounting scandals, stock market volatility, and developments in the Middle East. Despite this global backdrop, the Canadian economy outperformed virtually all other industrial economies, growing by about 3 1/4 per cent and creating 560,000 jobs, while inflation expectations remained well anchored to the Bank of Canada’s 2 per cent inflation-control target. Content Type(s): Publications, Annual Report
January 29, 2003 Monetary Policy Protects Canada from Persistent Inflation and Deflation, Governor Says Media Relations Toronto, Ontario In a speech to the Speakers Forum, Bank of Canada Governor David Dodge said today that Canada's macroeconomic policy framework is protecting the economy from both persistently high inflation and the threat of deflation. Content Type(s): Press, Press releases
January 29, 2003 Monetary Policy: Meeting the Challenges of an Uncertain World Remarks David Dodge Speakers Forum Toronto, Ontario I'll discuss what's happening to prices in the economy and how Canada's macroeconomic policy framework protects it from the risks of persistent inflation or deflation. Finally, I will update our outlook for the Canadian economy. Content Type(s): Press, Speeches and appearances, Remarks
January 23, 2003 Bank of Canada releases Monetary Policy Report Update Media Relations The Bank of Canada today released its Update to the October Monetary Policy Report. Content Type(s): Press, Press releases
January 23, 2003 Release of Monetary Policy Report Update Opening statement David Dodge Core inflation has been higher than anticipated in recent months. This reflects not only a stronger-than-expected increase in premiums for auto and home insurance, but also some broadening of price pressures resulting from strong demand in the economy. Content Type(s): Press, Speeches and appearances, Opening statements
January 23, 2003 Monetary Policy Report Update – January 2003 At the time of the October Monetary Policy Report, the Bank projected that core inflation would rise in the fourth quarter of 2002, reflecting a combination of one-off factors - including the rise in insurance premiums - and the “echo effect” from developments towards the end of 2001. Content Type(s): Publications, Monetary Policy Report
January 21, 2003 Bank of Canada keeps target for the overnight rate at 2 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. Content Type(s): Press, Press releases
January 21, 2003 Bank of Canada Review - Winter 2002-2003 Cover page A Nineteenth-Century Court Case The note and court document shown on the cover form part of the National Currency Collection, Bank of Canada. Photographed by Gord Carter, Ottawa Content Type(s): Publications, Bank of Canada Review
January 13, 2003 Senior Deputy Governor Malcolm Knight appointed new General Manager of the Bank for International Settlements Media Relations Ottawa, Ontario The Board of Directors of the Bank for International Settlements (BIS), based in Switzerland, announced today the appointment of Malcolm Knight as the new General Manager of the BIS, beginning in April 2003. Content Type(s): Press, Press releases
January 13, 2003 Process for Selecting a New Senior Deputy Governor The Board of Directors of the Bank of Canada has initiated a process to find a replacement for Senior Deputy Governor Malcolm Knight, who is leaving the Bank to take up an appointment as General Manager of the Bank for International Settlements in Switzerland at the beginning of April.