News

• September 11, 2001

  Bank of Canada statement

  Media Relations

  In light of the tragic events in the United States, the Bank of Canada would like to assure the public that it will provide the liquidity necessary to support the stability of the Canadian financial system and the continued functioning of financial markets.

  Content Type(s): Press, Press releases
• August 28, 2001

  Bank of Canada lowers key policy interest rate by 1/4 percentage point to 4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-quarter of one percentage point to 4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 4 1/4 per cent. With today's action, the total reduction in interest rates by the Bank this year amounts to 1 3/4 percentage points.

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

  Bank of Canada releases Monetary Policy Report Update

  Media Relations

  The Bank of Canada today released its Update to the May Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Press releases
• July 18, 2001

  Sheryl Kennedy Named Deputy Governor, Financial Markets

  Media Relations

  Sheryl Kennedy, Deputy Governor of the Bank of Canada, has been asked by the Bank's Board of Directors to serve as Deputy Governor, Financial Markets. She takes over the responsibilities formerly carried out by Tim Noël, who passed away last week.

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

  Bank of Canada lowers key policy interest rate by 1/4 percentage point to 4 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-quarter of one percentage point to 4 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 4 1/2 per cent.

  Content Type(s): Press, Press releases
• July 13, 2001

  Statement From the Governor

  Media Relations

  On behalf of the staff and Board of Directors of the Bank of Canada, Governor David Dodge today issued the following statement on the death this week of Tim Noël, Deputy Governor of the Bank since 1994:

  Content Type(s): Press, Press releases
• June 27, 2001

  Bank of Canada awards contract for outsourcing of retail debt systems and operations support

  Media Relations

  The Bank of Canada has signed a contract with EDS Canada Inc. for the provision of systems and operations support services for the federal government's retail debt program to ensure more flexible and cost-effective service.

  Content Type(s): Press, Press releases
• June 26, 2001

  Canada's Monetary Policy Approach: It Works for Canadians

  Remarks David Dodge Edmonton Chamber of Commerce Edmonton, Alberta

  The Bank of Canada's commitment is to contribute to the economic well-being of Canadians. This means conducting monetary policy so that it fosters sustained economic growth - by creating conditions that favour rising output, employment, and incomes, and a stable macroeconomic environment.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 26, 2001

  Bank of Canada Governor says Canada's monetary policy approach works

  Media Relations Edmonton, Alberta

  The Governor stressed that the real value of a floating currency for Canada is that it helps absorb some of the impact of external shocks that affect Canada differently than the United States because of important differences in the economic structures of the two nations.

  Content Type(s): Press, Press releases
• June 4, 2001

  Bank of Canada Announces Appointment of Special Adviser

  Media Relations

  Professor John Chant of Simon Fraser University has been chosen to fill the visiting economist position of Special Adviser in the Bank of Canada for a one-year term beginning in September 2001.

  Content Type(s): Press, Press releases