News

• September 14, 2010

  Economic Case for Global Financial Sector Reform Compelling, Bank of Canada Governor Mark Carney Says

  Media Relations Berlin, Germany

  The economic case for global financial sector reform is compelling, and the basic stakes are enormous, Bank of Canada Governor Mark Carney argued today in Berlin in a lecture that focused on the costs and benefits of reform. "Without credible, coordinated financial reforms, we risk losing the open trading and financial system that has underpinned the economic miracle of recent times," he said.

  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
• September 10, 2010

  Renewed faith in the international monetary system is essential for G20 success, says Bank of Canada Governor Mark Carney

  Media Relations Calgary, Alberta

  Bank of Canada Governor Mark Carney today urged the world's leading nations to ensure that their domestic policies are consistent with the G-20 framework for strong, sustainable, and balanced growth and to support the G-20 financial system reforms.

  Content Type(s): Press, Press releases
• September 8, 2010

  Bank of Canada increases overnight rate target to 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases
• August 31, 2010

  Survey of Activity in Foreign Exchange and Derivatives Markets in Canada During April 2010

  Media Relations

  This document is in PDF only.

  Content Type(s): Press, Press releases
• August 24, 2010

  Re-examining Canada’s Monetary Policy Framework: Recent Research and Outstanding Issues

  Remarks John Murray Canadian Association for Business Economics Kingston, Ontario

  I am honoured to address members of the Canadian Association for Business Economics. My remarks today will focus on critical issues that the Bank of Canada has studied over the past four years and how this research will inform our work as we move forward post crisis.

  Content Type(s): Press, Speeches and appearances, Remarks
• 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
• August 18, 2010

  Bank of Canada releases report assessing impact of stronger capital and liquidity requirements on the Canadian economy

  Media Relations

  Following similar international reports by the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision (BCBS), the Bank of Canada today published a comprehensive assessment of the potential impact on the Canadian economy of new global capital and liquidity standards, which are to be finalized later this year by the G-20.

  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
• July 22, 2010

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  The global economic recovery is proceeding but is not yet self-sustaining. A greater emphasis on balance sheet repair by households, banks, and governments in a number of advanced economies is expected to temper the pace of global growth relative to the Bank’s outlook in April.

  Content Type(s): Press, Speeches and appearances, Opening statements