News

• February 25, 2013

  Rebuilding trust in banking is vital to improving the pace of global economic recovery, says Bank of Canada Governor Mark Carney

  Media Relations London, Ontario

  While much progress has been made reforming the global financial system, to restore fully trust in banking there remains a fundamental need for financial institutions to rediscover their core values, Bank of Canada Governor Mark Carney said today in a speech at Western University in London, Ontario. The real economy relies on the financial system, […]

  Content Type(s): Press, Press releases
• February 21, 2013

  Bank of Canada announces Deputy Governor Appointment

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Lawrence L. Schembri as Deputy Governor effective 25 February 2013.

  Content Type(s): Press, Press releases
• February 21, 2013

  Bank of Canada Review - Winter 2012-2013

  

  This issue features a summary of the Bank’s annual conference, Financial Intermediation and Vulnerabilities, which took place in October 2012, as well as two articles that present analysis of international macroeconomic coordination since the global financial crisis and the U.S. recovery from the Great Recession.

  Content Type(s): Publications, Bank of Canada Review
• February 12, 2013

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario

  Good morning. Tiff and I are pleased to be here with you today to discuss the January Monetary Policy Report, which the Bank recently published. While the global economic outlook is slightly weaker than the Bank had projected in October MPR, global tail risks have also diminished. The economic expansion in the United States is […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• February 12, 2013

  Statement by G7 Finance Ministers and Central Bank Governors

  Media Relations

  We, the G7 Ministers and Governors, reaffirm our longstanding commitment to market determined exchange rates and to consult closely in regard to actions in foreign exchange markets. We reaffirm that our fiscal and monetary policies have been and will remain oriented towards meeting our respective domestic objectives using domestic instruments, and that we will not […]

  Content Type(s): Press, Press releases
• February 11, 2013

  Financial Stability in One Country?

  Remarks Timothy Lane Weatherhead Center for International Affairs - Harvard University Cambridge, Massachusetts

  Deputy Governor Tim Lane discusses the cross-border implications of financial instability and financial reform.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 23, 2013

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  Press conference following the release of the Monetary Policy Report.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 23, 2013

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases
• January 23, 2013

  Monetary Policy Report – January 2013

  

  Following an estimated 1.9 per cent in 2012, the Canadian economy is expected to grow by 2.0 per cent in 2013 and 2.7 per cent in 2014, and to reach full capacity in the second half of 2014, later than anticipated in the October Report.

  Content Type(s): Publications, Monetary Policy Report
• January 14, 2013

  Senior Loan Officer Survey - Fourth-Quarter 2012

  The survey results indicate that there was virtually no change in overall business-lending conditions during the fourth quarter of 2012, following several con­secutive quarters of easing in credit conditions.

  Content Type(s): Publications, Senior Loan Officer Survey