News

• November 5, 1998

  Government of Canada Pilot Bond Buyback Program Launch: Operational Framework

  Media Relations Ottawa, Ontario

  On behalf of the Minister of Finance, the Bank of Canada announced today the operational framework for the previously announced pilot bond buyback program.

  Content Type(s): Press, Press releases
• October 27, 1998

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Gordon Thiessen House of Commons Standing Committee on Finance

  Mr. Chairman, I am pleased to appear before you today as part of your study of the Task Force Report on the Future of the Canadian Financial Services Sector. Perhaps it might be helpful if I were to start by clarifying the Bank of Canada’s role in this area. The Bank has no formal responsibility […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 16, 1998

  Bank Rate Lowered by ¼ Percentage Point to 5½ Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today lowered its Bank Rate by ¼ of one percentage point to 5½ per cent.

  Content Type(s): Press, Press releases
• October 15, 1998

  The Canadian Experience with Targets for Inflation Control

  Remarks Gordon Thiessen Queen's University Kingston, Ontario

  As an economist who worked as a banker for most of his career, Douglas Gibson brought an interesting perspective to public policy issues, to the relationship between government and business, and to the contribution of outside economists to government policies.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 29, 1998

  Survey of Foreign Exchange and Derivatives Market Activity in Canada

  Robert Ogrodnick Ottawa, Ontario

  Summary results of a survey of Canadian foreign exchange and derivatives markets are now available. The survey was conducted by the Bank of Canada in April 1998 and covered activity in the foreign exchange and derivatives markets. Similar surveys were undertaken by about 40 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
• September 29, 1998

  Bank Rate Lowered by ¼ Percentage Point to 5¾ Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today lowered its Bank Rate by ¼ of one percentage point to 5¾ per cent.

  Content Type(s): Press, Press releases
• September 28, 1998

  Changes to Government of Canada auction process to take effect 14 October 1998

  Media Relations Ottawa, Ontario

  On behalf of the Minister of Finance, the Bank of Canada announced today that "Revised rules pertaining to auctions of Government of Canada securities and the Bank of Canada's surveillance of the auction process," released 11 August 1998, will take effect on 14 October 1998.

  Content Type(s): Press, Press releases
• September 23, 1998

  Global uncertainties and the Canadian economy

  Remarks Gordon Thiessen St. John's Board of Trade St. John's, Newfoundland

  This past year, we have had to deal with the implications for our economy and our currency of increased global uncertainty and pressures arising from the problems that originated in Southeast Asia. I am sure that the effects of these developments, especially on primary commodities, such as oil and nickel, are already very familiar to Newfoundlanders.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 23, 1998

  Bank of Canada Governor Addresses St. John's Board of Trade

  Media Relations St. John's, Newfoundland

  Bank of Canada Governor Gordon Thiessen today reviewed international economic and financial developments and their implications for Canada.

  Content Type(s): Press, Press releases
• September 2, 1998

  Renegotiation of Standby Credit Facility

  Media Relations Ottawa, Ontario

  On behalf of the Minister of Finance, it was announced today that Canada has renegotiated its existing U.S.$6.0 billion standby credit facility with international banks.

  Content Type(s): Press, Press releases