News

• October 24, 2001

  Bank of Canada Governor focuses on current and future economic challenges for Canada

  Media Relations Moncton, New Brunswick

  As we all strive to come to terms with this tragedy and its implications, it is understandable that our immediate preoccupation is with near-term issues, he said. Nonetheless, it is "critically important that we maintain a sense of perspective - that we step back and look past current developments, focusing also on the longer-term trends in our economy and its potential."

  Content Type(s): Press, Press releases
• October 24, 2001

  The Canadian Economy: Current and Future Challenges

  Remarks David Dodge Greater Moncton Chamber of Commerce and the Conseil économique du Nouveau-Brunswick Moncton, New Brunswick

  All of us at the Bank of Canada share a deep sorrow at the loss of so many lives in the 11 September terrorist attacks in the United States. Among those who died were innocent citizens of many nationalities, including Canadians. To their families, friends, and colleagues we extend our heartfelt sympathy.

  Content Type(s): Press, Speeches and appearances, Remarks
• October 23, 2001

  Bank of Canada lowers key policy interest rate by 3/4 percentage point to 2 3/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate* by three-quarters of one percentage point to 2 3/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 per cent.

  Content Type(s): Press, Press releases
• October 9, 2001

  Survey of foreign exchange and derivatives market activity in Canada

  Media Relations Ottawa, Ontario

  Summary results of a survey of activity in Canadian foreign exchange and derivatives markets conducted by the Bank of Canada in April 2001 are now available. Similar surveys were undertaken in over 45 other countries during the same month, and the central banks of many of those countries are also releasing their results today.

  Content Type(s): Press, Press releases
• October 1, 2001

  Bank of Canada releases 2002 schedule of dates for policy interest rate announcements

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its schedule of eight dates for announcing decisions on its key policy interest rate for 2002.

  Content Type(s): Press, Press releases
• September 21, 2001

  Current Developments in the Canadian Economy

  Remarks David Dodge

  Right now, last week's tragic events in the United States are uppermost in people's minds. Like millions of people around the globe, Canadians are very concerned about the situation. We all share in the sheer horror of what has happened.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 21, 2001

  Opening Statement by David Dodge, Governor of the Bank of Canada

  Opening statement David Dodge

  Today, we released a section of the speech that I was to give in Moncton two days ago. It deals with current economic developments. The speech was postponed in light of last week's tragic events in the United States.

  Content Type(s): Press, Speeches and appearances, Opening statements
• September 17, 2001

  Change announced for scheduled Board meeting and speech

  Media Relations

  This week's meeting of the Bank of Canada Board of Directors scheduled for Moncton will now take place in Ottawa. The next regularly scheduled meeting of the Board in late October will be held in Moncton.

  Content Type(s): Press, Press releases
• September 17, 2001

  Bank of Canada lowers key policy interest rate 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. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 3/4 per cent.

  Content Type(s): Press, Press releases
• September 14, 2001

  Bank of Canada update on financial markets to 14 September

  Media Relations

  Canada's payments, clearing and settlement systems have functioned well this week. The Bank of Canada continues to provide liquidity as needed. Trading activity in Canadian bond and money markets has increased since Wednesday and bid-ask spreads have narrowed, while activity in the foreign exchange markets has been very subdued.

  Content Type(s): Press, Press releases