News

• July 29, 2008

  Bank of Canada announces the appointment of Mark E. Caplan as Senior Representative and Director of its Toronto Office (Financial Markets)

  Media Relations Ottawa, Ontario

  The Bank of Canada is pleased to announce the appointment of Mark E. Caplan as Senior Representative and Director, Toronto Office (Financial Markets), effective September 2008. Mr. Caplan will replace Ross MacKinnon, who is retiring.

  Content Type(s): Press, Press releases
• July 17, 2008

  Release of the Monetary Policy Report Update

  Opening statement Mark Carney

  In the Update, the Bank described three major developments affecting the Canadian economy: protracted weakness in the U.S. economy, ongoing turbulence in global financial markets, and sharp increases in certain commodity prices, particularly energy.

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 17, 2008

  Bank of Canada releases Monetary Policy Report Update

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its July Monetary Policy Report Update. In it, the Bank described three major developments affecting the Canadian economy: protracted weakness in the U.S. economy, ongoing turbulence in global financial markets, and sharp increases in the prices of certain commodities, particularly energy.

  Content Type(s): Press, Press releases
• July 15, 2008

  Bank of Canada keeps overnight rate target at 3 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent.

  Content Type(s): Press, Press releases
• July 10, 2008

  Bank of Canada Appoints Special Advisers

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointment of Angelo Melino, Professor in the Department of Economics at the University of Toronto, and Frank Milne, BMO Professor of Economics and Finance in the Department of Economics at Queen's University, as Special Advisers for the year 2008-09.

  Content Type(s): Press, Press releases
• June 27, 2008

  Flexibility versus Credibility in Inflation-Targeting Frameworks

  Remarks Mark Carney 7th BIS Annual Conference Lucerne, Switzerland

  There are two broad classes of arguments for greater flexibility in the design and application of monetary policy frameworks. The BIS has done a great deal of useful work on asset-price targeting in particular and on the complicated interplay between monetary policy and financial stability in general.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 23, 2008

  Real Estate, Mortgage Markets, and Monetary Policy

  Remarks Sheryl Kennedy Investment Industry Association of Canada Banff, Alberta

  For many Canadians, one of the most important investments they'll make is the purchase of a house. And for you as financial market professionals, the links between the housing market and financial markets have important consequences.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 19, 2008

  Governor Carney Discusses the Role of Monetary Policy in the Face of the Commodities Boom

  Media Relations Calgary, Alberta

  The best contribution that the Bank of Canada can make to help all Canadians reap the benefits of the current commodities boom is to remain focused on achieving its inflation target, Governor Mark Carney said today in a speech to the Commodities, the Economy, and Money conference.

  Content Type(s): Press, Press releases
• June 19, 2008

  Capitalizing on the Commodity Boom: the Role of Monetary Policy

  Remarks Mark Carney Haskayne School of Business Calgary, Alberta

  We are experiencing a commodity super cycle. Throughout the current boom, the scale of price increases has been higher, and the range of affected commodities broader, than in previous upturns. Since 2002, grain and oilseed prices have more than doubled, base metals prices have tripled, and oil prices have quadrupled.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 10, 2008

  Bank of Canada keeps overnight rate target at 3 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent.

  Content Type(s): Press, Press releases