News

• 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
• June 4, 2009

  Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment 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 maintaining its target for the overnight rate at 1/4 per cent.

  Content Type(s): Press, Press releases
• May 19, 2009

  When the Unconventional Becomes Conventional: Monetary Policy in Extraordinary Times

  Remarks John Murray Global Interdependence Center Philadelphia, Pennsylvania

  The financial turbulence that began in the U.S. subprime-mortgage market in August 2007 reached maximum intensity towards the end of 2008, and enveloped the entire global economy. Strains that had previously been concentrated in a few major financial centers turned into a full-blown crisis, affecting both industrial and emerging-market economies through trade, financial, and confidence channels.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 6, 2009

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Mark Carney Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  These are difficult economic times, with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 28, 2009

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario

  These are difficult economic times, with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 23, 2009

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  These are difficult economic times with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 23, 2009

  Bank of Canada releases Monetary Policy Report

  Media Relations Ottawa, Ontario

  In the Report, the Bank noted that in an environment of continued high uncertainty, the global recession has intensified and become more synchronous since the Bank's January Monetary Policy Report Update, with weaker-than-expected activity in all major economies.

  Content Type(s): Press, Press releases
• 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
• April 9, 2009

  Bank of Canada Appoints Two Advisers

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointments of David Wolf to the permanent position of Adviser and Jean Boivin to the rotating role of Special Adviser for the term 2009-2010.

  Content Type(s): Press, Press releases
• April 3, 2009

  The Bank of Canada Releases Its Annual Report for 2008

  Media Relations Ottawa, Ontario

  The Bank of Canada's Annual Report for 2008 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases