Press

• January 30, 2008

  Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology

  Opening statement Paul Jenkins House of Commons Standing Committee on Industry, Science and Technology

  To begin, as a little background I would like to quickly review the framework within which we conduct Canada's monetary policy. The Bank of Canada Act calls on us to mitigate "fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada."

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 24, 2008

  Bank of Canada releases Monetary Policy Report Update

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its January Monetary Policy Report Update.

  Content Type(s): Press, Press releases
• January 24, 2008

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  The Canadian economy continues to operate above its production capacity, despite some slowing in growth and inflation in the fourth quarter of 2007. Financial conditions have deteriorated since October, leading to tighter credit conditions in industrialized countries.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 22, 2008

  Bank of Canada lowers overnight rate target 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.

  Content Type(s): Press, Press releases
• January 18, 2008

  Changes in Minimum Bank of Canada Nominal Bond Purchases at Auctions

  Section 5.1 of the Statement of Policy Governing the Acquisition and Management of Financial Assets for the Bank of Canada's Balance Sheet states that "The Bank's holdings of Government of Canada nominal bonds and treasury bills are structured to broadly reflect the composition of the federal government's stock of nominal domestic marketable debt."

  Content Type(s): Press, Market notices
• January 8, 2008

  Transparency: The More, The Better?

  Remarks Sheryl Kennedy Association des femmes en finance du Québec Montréal, Quebec

  Transparency is the cornerstone of a well-functioning financial system. It's an issue that has been getting a lot of attention, and deservedly so, as we consider what has gone wrong in the market for asset-backed commercial paper.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 7, 2008

  Summary of the Survey on Canadian Corporate Foreign Exchange Hedging

  Each year since 2004, the Bank of Canada has undertaken a questionnaire with banks that are active in the Canadian dollar foreign exchange market through offices in Toronto and/or Montréal.

  Content Type(s): Press, Market notices
• January 4, 2008

  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 John D. Murray as Deputy Governor of the Bank and a member of the Bank's Governing Council, effective 4 January 2008.

  Content Type(s): Press, Press releases
• January 4, 2008

  Update on monitoring of short-term funding markets

  On 12 December 2007, the Bank of Canada announced that it would enter into term purchase and resale agreements (term PRAs) extending over the calendar year with maturities on 4 January and 10 January 2008.

  Content Type(s): Press, Market notices