Press
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30 April 2008 Opening Statement before the House of Commons Standing Committee on Finance
Growth in the global economy has weakened since the January Monetary Policy Report Update, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations in global financial markets. Growth in the Canadian economy has also moderated. -
29 April 2008 Bank of Canada Announces Term PRA Transaction
As part of its continuing provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it will enter into a 28-day term purchase and resale agreement (PRA) as follows: -
29 April 2008 Financial Stability Forum publishes report on Enhancing Market and Institutional Resilience
The Financial Stability Forum (FSF) has presented to the G7 Finance Ministers and central bank Governors a report making recommendations for enhancing the resilience of markets and financial institutions. -
28 April 2008 Counterfeit $100 notes discovered: Bank of Canada and the Toronto Police Service remind the public and retailers to be vigilant
The Bank of Canada and the Toronto Police Service are reminding the public and retailers to pay close attention to the bank notes they receive. A number of counterfeit $100 notes have been passed mainly in the Greater Toronto Area in the last few weeks. -
24 April 2008 Bank of Canada releases Monetary Policy Report
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. -
24 April 2008 Release of the Monetary Policy Report
Growth in the global economy has weakened since the January Monetary Policy Report Update, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations in global financial markets. Growth in the Canadian economy has also moderated. -
22 April 2008 Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 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 3 per cent. -
17 April 2008 Results of the 17 April 2008 Term PRA Transaction
The results of today's term PRA operations are as follows: -
16 April 2008 Results of the 16 April 2008 Sale of Treasury Bills for Balance Sheet Management Purposes
Results of the 16 April 2008 Sale of Treasury Bills. -
15 April 2008 Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes
The Bank of Canada announced today it will sell $2 billion of its holdings of treasury bills. This transaction will offset the temporary increase in assets associated with the term purchase and resale transactions announced today.