News

• April 10, 2008

  Credit Markets, Financial Stability, and Monetary Policy

  Remarks David Longworth Global Investment Conference Lake Louise, Alberta

  Today, I'd like to discuss some of the crucial issues that we have been dealing with during this period. I'll begin with a brief overview of some key events that have led to the turbulence that continues to upset financial markets and that greatly contributed to the remarkably wide credit spreads that we now witness.

  Content Type(s): Press, Speeches and appearances, Remarks
• April 2, 2008

  Trends and Challenges in the Global Economy and What They Mean for Canada and Ontario

  Remarks Paul Jenkins London Chamber of Commerce London, Ontario

  As is the case for so many cities and regions in Canada, London's economy and that of southwestern Ontario are directly affected by changes in the global economy. And, as with so many things in life, the better we understand the forces of change, the better equipped we are to deal with them.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 18, 2008

  Bank of Canada Announces Recipients of Fellowship Award for 2008

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that Professor Michael Devereux of the University of British Columbia and Professor Shouyong Shi of the University of Toronto are the recipients of the Bank's Research Fellowship for 2008.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• March 18, 2008

  Bank of Canada Announces First Recipient of Governor's Award

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that Professor Henry Siu of the University of British Columbia is the first recipient of the Governor's Award.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• March 14, 2008

  The Bank of Canada Releases Its Annual Report for 2007

  Media Relations Ottawa, Ontario

  The Bank of Canada's Annual Report for 2007 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases
• March 13, 2008

  Addressing Financial Market Turbulence

  Media Relations Toronto, Ontario

  More than seven months after financial market turbulence began, policy-makers and market participants are entering a new phase, where shortcomings in the current system are better understood and improvements are beginning to be made, Bank of Canada Governor Mark Carney said today in a speech to the Toronto Board of Trade.

  Content Type(s): Press, Press releases
• March 13, 2008

  Addressing Financial Market Turbulence

  Remarks Mark Carney Toronto Board of Trade Toronto, Ontario

  Since last summer, many of us here today have been preoccupied with the ongoing dislocations in financial markets. What began in securities linked to U.S. subprime mortgages has spread to a broad range of structured assets, conventional credit markets, and, to a lesser extent, equities.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 12, 2008

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

  Opening statement Paul Jenkins Standing Senate Committee on Banking, Trade and Commerce

  Let me start by saying that the issue of internal trade barriers is critically important, and I'm very pleased, Mr. Chairman, that your committee is examining it. We have reviewed previous submissions to this committee, and you will see that our focus will be slightly different.

  Content Type(s): Press, Speeches and appearances, Opening statements
• March 5, 2008

  Proposed Criteria for Accepting ABCP as Collateral for the Bank of Canada's Standing Liquidity Facility

  The Bank of Canada is seeking comments from direct participants in the Large Value Transfer System (LVTS) and other interested parties on the proposed eligibility criteria for accepting asset-backed commercial paper (ABCP) as collateral for the Bank of Canada's Standing Liquidity Facility (SLF).

  Content Type(s): Press, Announcements
• March 4, 2008

  Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent.

  Content Type(s): Press, Press releases