News

• March 25, 1998

  The Future Performance of the Canadian Economy

  Remarks Gordon Thiessen Canadian Club of Winnipeg Winnipeg, Manitoba

  It can take anywhere from one to two years for monetary actions to have their full effect on the economy. Because of this, the conduct of monetary policy must be based on a view of what the economy will be like - not tomorrow, not in a month - but rather in one to two years' time.

  Content Type(s): Press, Speeches and appearances, Remarks
• February 24, 1998

  Inflation-Control Targets Extended

  Media Relations

  The Bank of Canada today released a joint statement of the Government of Canada and the Bank of Canada on the extension of the inflation-control targets.

  Content Type(s): Press, Press releases
• February 5, 1998

  International developments and the prospects for the Canadian economy

  Remarks Gordon Thiessen Saint John, New Brunswick

  A year ago, in early 1997, prospects for global economic growth were very promising. World economic activity had strengthened and was expected to accelerate further, with the benefit of low inflation, reduced fiscal imbalances, and stable or declining interest rates. In Canada too, output and employment growth had picked up.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 30, 1998

  Bank Rate Raised to 5 Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today raised its Bank Rate by ½ of one percentage point to 5 per cent.

  Content Type(s): Press, Press releases
• December 30, 1997

  Bank Releases Guideline for Regulatory Oversight Under Payment Clearing and Settlement Act

  Clyde Goodlet

  The Bank of Canada today released a guideline outlining how it intends to carry out its responsibilities under the Payment Clearing and Settlement Act (PCSA).

  Content Type(s): Press, Press releases
• December 12, 1997

  Bank Rate Raised to 4 1/2 Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today raised its Bank rate by ½ of one percentage point to 4 ½ per cent.

  Content Type(s): Press, Press releases
• December 1, 1997

  What can monetary policy do to help the economy reach its full potential?

  Remarks Gordon Thiessen Canadian Club of Toronto Toronto, Ontario

  Today, we meet against a backdrop of some uncertainty in the international economy. I would like to begin my remarks with an assessment of what the recent financial and economic events in Asia could mean for Canada.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 27, 1997

  Final report on wartime gold transactions released

  Media Relations

  The Bank of Canada today released a report by Professor Duncan McDowall of Carleton University entitled Due Diligence: A report on the Bank of Canada's handling of foreign gold during World War II.

  Content Type(s): Press, Press releases
• November 25, 1997

  Bank Rate Raised in Response to Persistent Weakness in the Canadian Dollar

  Media Relations Ottawa, Ontario

  The Bank of Canada today raised the Bank Rate by 1/4 of one percentage point to 4 per cent. The Bank's operating band for the overnight rate was similarly adjusted.

  Content Type(s): Press, Press releases
• October 7, 1997

  Challenges ahead for monetary policy

  Remarks Gordon Thiessen Vancouver Board of Trade Vancouver, British Columbia

  Today, I would like to talk about some of the important issues and challenges facing monetary policy in the period ahead and how the Bank of Canada proposes to deal with them. This is not an unusual topic for me since the business of central banking is seldom without challenges. But what a difference the past two years have made to the challenges we face!

  Content Type(s): Press, Speeches and appearances, Remarks