March 18, 2009
Ottawa, Ontario
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March 5, 2009
Opening Statement before the House of Commons Standing Committee on Finance
As we have consistently emphasized, stabilization of the global financial system is a precondition for economic recovery, both globally and in Canada. To that end, policy-makers around the globe have acted aggressively and creatively by initiating a series of unprecedented actions aimed at stabilizing the global financial system. -
March 3, 2009
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent.