July 25, 2007
News
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July 18, 2007
Update on Selection Process for Governor of the Bank of Canada Released by the Special Committee of the Bank's Board of Directors
In accordance with the Bank of Canada Act, the Governor of the Bank of Canada is appointed by the independent directors with the approval of the Governor in Council (federal Cabinet). Following an announcement on 25 April 2007 that the current Governor, Mr. David Dodge, would not be seeking reappointment at the end of his seven year mandate on 31 January 2008, the Bank's Board of Directors initiated a process to find a replacement. -
July 12, 2007
Release of the Monetary Policy Report Update
Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report. The Bank judges that the economy is now operating further above its production potential than was projected in April. -
July 12, 2007
Bank of Canada releases Monetary Policy Report Update
Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report. -
July 10, 2007
Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/2 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent.