News

• April 26, 2007

  Release of the Monetary Policy Report

  Opening statement David Dodge

  Growth of the Canadian economy has been essentially in line with the Bank's expectations as set out in the January Monetary Policy Report Update. But inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 26, 2007

  Bank of Canada releases Monetary Policy Report

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Press releases
• April 25, 2007

  Bank of Canada Governor David Dodge will not seek second term

  Media Relations Ottawa, Ontario

  Governor David Dodge has informed the Bank of Canada's Board of Directors and the Minister of Finance that he will not seek a second term as Governor.

  Content Type(s): Press, Press releases
• April 25, 2007

  Process for selecting a Governor of the Bank of Canada

  Media Relations

  The Board of Directors of the Bank of Canada has initiated a process to find a replacement for the Governor of the Bank of Canada, David Dodge, whose seven year mandate will end on 31 January 2008. The following is the process leading to the appointment of a new Governor.

  Content Type(s): Press, Press releases
• April 24, 2007

  Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases
• April 12, 2007

  Dealing with Uncertainty in the Conduct of Monetary Policy

  Remarks Sheryl Kennedy Montréal CFA Society Montréal, Quebec

  The main goal of monetary policy is to help the country achieve strong, sustainable economic performance, and, in doing so, to contribute to rising living standards for Canadians. Experience has shown that the best way for a central bank to meet this goal, given the instruments at its disposal, is by keeping inflation low and stable. Low and stable inflation increases confidence in the future value of money, and allows for clear price signals.

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