News

• January 25, 2007

  Monetary Policy and Developments in the Global and Canadian Economies

  Remarks David Dodge Canadian Netherlands Business and Professional Association, and the European Union Chamber of Commerce in Toronto Toronto, Ontario

  The Bank of Canada has been around for over 70 years. Throughout this period, the Bank has had one over-arching mandate: to promote the economic and financial welfare of Canadians. Over the years, we have learned that the best contribution that monetary policy can make in this regard is to give Canadians confidence in the future value of their money.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 18, 2007

  Bank of Canada releases Monetary Policy Report Update

  Media Relations Ottawa, Ontario

  he Bank of Canada today released the January update to the Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Press releases
• January 18, 2007

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  The Canadian economy is judged to have been operating at, or just above, its production capacity at the end of 2006, following weaker-than-expected growth in the second half of last year. This slowdown stemmed from reduced demand for Canadian exports - related to weakness in the U.S. automotive and housing sectors - and from the need for Canadian businesses to adjust inventories.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 16, 2007

  Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

  Content Type(s): Press, Press releases
• December 12, 2006

  Nominations Invited for the Bank of Canada's Law Enforcement Award of Excellence for Counterfeit Deterrence

  Media Relations Ottawa, Ontario

  Beginning today, the Bank of Canada is inviting nominations for the fourth annual Law Enforcement Award of Excellence for Counterfeit Deterrence.

  Content Type(s): Press, Press releases
• December 11, 2006

  Dodge Urges Action on Improving Financial System Efficiency

  Media Relations Toronto, Ontario

  Canada's macroeconomic policies are second to none in supporting financial system efficiency, but work is needed to bring the country's structural policies up to that level, Bank of Canada Governor David Dodge said today.

  Content Type(s): Press, Press releases
• December 11, 2006

  Improving Financial System Efficiency: The Need for Action

  Remarks David Dodge Economic Club of Toronto Toronto, Ontario

  The FSR reports on developments and trends in financial systems here and abroad, summarizes recent research by Bank staff on financial sector policies, and promotes discussion of how to strengthen our financial system. In short, the goal of the FSR is to improve financial system efficiency and stability.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 5, 2006

  Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

  Content Type(s): Press, Press releases
• November 27, 2006

  Bank of Canada Releases Background Information on Renewal of the Inflation-Control Target

  Media Relations Ottawa, Ontario

  The Bank of Canada today released the document Renewal of the Inflation-Control Target: Background Information, which describes Canada's experience with inflation targeting, reports on some key issues bearing on the framework for conducting monetary policy, and identifies issues warranting further research.

  Content Type(s): Press, Press releases
• November 23, 2006

  Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target

  Media Relations Ottawa, Ontario

  The primary objective of Canada's monetary policy is to enhance the well-being of Canadians by contributing to sustained economic growth, rising levels of employment and improved living standards.

  Content Type(s): Press, Press releases