Press
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January 30, 2008 Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology
To begin, as a little background I would like to quickly review the framework within which we conduct Canada's monetary policy. The Bank of Canada Act calls on us to mitigate "fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada." -
January 24, 2008 Bank of Canada releases Monetary Policy Report Update
The Bank of Canada today released its January Monetary Policy Report Update. -
January 24, 2008 Release of the Monetary Policy Report Update
The Canadian economy continues to operate above its production capacity, despite some slowing in growth and inflation in the fourth quarter of 2007. Financial conditions have deteriorated since October, leading to tighter credit conditions in industrialized countries. -
January 22, 2008 Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 per cent. -
January 18, 2008 Changes in Minimum Bank of Canada Nominal Bond Purchases at Auctions
Section 5.1 of the Statement of Policy Governing the Acquisition and Management of Financial Assets for the Bank of Canada's Balance Sheet states that "The Bank's holdings of Government of Canada nominal bonds and treasury bills are structured to broadly reflect the composition of the federal government's stock of nominal domestic marketable debt." -
January 8, 2008 Transparency: The More, The Better?
Transparency is the cornerstone of a well-functioning financial system. It's an issue that has been getting a lot of attention, and deservedly so, as we consider what has gone wrong in the market for asset-backed commercial paper. -
January 7, 2008 Summary of the Survey on Canadian Corporate Foreign Exchange Hedging
Each year since 2004, the Bank of Canada has undertaken a questionnaire with banks that are active in the Canadian dollar foreign exchange market through offices in Toronto and/or Montréal. -
January 4, 2008 Bank of Canada announces Deputy Governor appointment
The Board of Directors of the Bank of Canada today announced the appointment of John D. Murray as Deputy Governor of the Bank and a member of the Bank's Governing Council, effective 4 January 2008. -
January 4, 2008 Update on monitoring of short-term funding markets
On 12 December 2007, the Bank of Canada announced that it would enter into term purchase and resale agreements (term PRAs) extending over the calendar year with maturities on 4 January and 10 January 2008.