March 18, 2009
News
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March 12, 2009
Financial System Policy Responses to the Crisis
With your professional interests in foreign exchange, money markets, capital markets, and derivatives, I'm sure the past year and a half has been exciting and interesting – if those are the right words. We've been living through a period of astonishing financial turbulence, historic marketplace losses, and serious threats to financial stability. -
March 5, 2009
Opening Statement before the House of Commons Standing Committee on Finance
As we have consistently emphasized, stabilization of the global financial system is a precondition for economic recovery, both globally and in Canada. To that end, policy-makers around the globe have acted aggressively and creatively by initiating a series of unprecedented actions aimed at stabilizing the global financial system. -
March 3, 2009
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. -
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February 18, 2009
Bank of Canada announces Deputy Governor appointment
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. -
February 10, 2009
Opening Statement before the House of Commons Standing Committee on Finance
Let me state at the outset that the speed and synchronized nature of the recent global downturn has resulted in a heightened degree of uncertainty, which is evident in the diverse views on the outlook. -
January 27, 2009
Bank of Canada's continued focus on inflation right for current economic times: Governor Carney
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. -
January 27, 2009
Inflation Targeting in a Global Recession
These are challenging times, indeed. We are facing a financial crisis without comparison for generations. Most financial markets have experienced historic declines in prices and unprecedented spikes in volatility. -
January 22, 2009
Bank of Canada releases Monetary Policy Report Update
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.