December 16, 2011
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of Evan W. Siddall as Special Adviser to the Governor.
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December 12, 2011
Prolonged Period of Deleveraging Ahead, Says Bank of Canada Governor Mark Carney
The world’s advanced economies are entering a prolonged period of deleveraging after several decades of accumulating debt, Bank of Canada Governor Mark Carney said today. “The direction may be clear, but the magnitude and abruptness of the process are not. It could be long and orderly or it could be sharp and chaotic.” “In general, […] -
December 6, 2011
Bank of Canada maintains overnight rate target at 1 per cent
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. -
November 23, 2011
Canada’s Inflation-Targeting Regime Enhances Economic Well-Being of Canadians, Says Bank of Canada Governor Mark Carney
The effectiveness of Canada’s inflation-targeting regime, adopted in 1991, is well established, and partly responsible for the strength and relative stability of the Canadian economy, Governor Mark Carney of the Bank of Canada said today. “Over the past twenty years, Canadians have enjoyed a more stable and prosperous economic environment. Even during the recent crisis, […] -
November 14, 2011
Bank of Canada Issues $100 Bill – First Canadian Polymer Bank Note
The Bank of Canada today began circulating the new $100 bill – Canada’s first polymer bank note. This new note will be available at financial institutions from coast to coast to coast over the next few weeks. The $100 note features a portrait of Sir Robert Borden, Prime Minister of Canada between 1911 and 1920, […] -
November 9, 2011
Bank of Canada Releases Background Information on Renewal of the Inflation-Control Target
The Bank of Canada today released the document Renewal of the Inflation-Control Target: Background Information, which summarizes the key elements of Canada's inflation-targeting framework. -
November 8, 2011
Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target
The primary objective of Canada's monetary policy is to enhance the well-being of Canadians by contributing to sustained economic growth, rising levels of employment and improved living standards. -
November 8, 2011
Global Liquidity Is Having a Major Impact on Financial Stability and Economic Growth, Says Bank of Canada Governor Mark Carney
Large, abrupt fluctuations in global liquidity are having a major impact on global financial stability and economic growth, Bank of Canada Governor Mark Carney said today in a speech to the Canada-United Kingdom Chamber of Commerce. “Over the medium term, the continuation of such extreme liquidity cycles could ultimately threaten open capital markets and a […] -
November 4, 2011
Bank of Canada Governor Mark Carney Appointed Chairman of Financial Stability Board
Bank of Canada Governor Mark Carney has been named Chairman of the Financial Stability Board (FSB). -
November 1, 2011
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of David T. Beers as Special Adviser to the Governor. Mr. Beers, who is currently Global Head, Sovereign and International Public Finance Ratings at Standard & Poor’s, will serve for an 18-month term, beginning on 1 February 2012.