Canada
New head at Canadian regulator
Jim Flaherty, the Canadian finance minister, has announced the appointment of Julie Dickson as the new head of the country's financial services regulator, the Office of the Superintendent of Financial Institutions (OSFI).
BoC paper: fiscal and monetary interdependence
A new working paper by the Bank of Canada studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level.
Bank of Canada: Financial System Review
The Bank of Canada published, on 21 June, the latest issue of its biennial "Financial System Review."
Provinces press Canadian cb not to raise rates
Ontario was in the forefront of pressure from the Canadian provinces on Bank of Canada governor David Dodge not to raise interest rates.
Gold and inflation - BoC paper
In this Bank of Canada Working Paper, the authors find that the gold price "contains significant information for future inflation for several countries, especially for those that have adopted formal inflation targets."
Options open on Canadian securities regulator
The Canadian government says it will consider an alternative structure for securities regulation if it is favoured by most provincial authorities.
Dodge on demographics
As the first of the baby-boomers begins to retire, Canada's aging population is no longer an abstract issue for policymakers, noted David Dodge, the governor of the central bank.
No need for currency intervention - Dodge
The governor of the Bank of Canada says there is no justification for active market intervention by the central bank to sway the recent strengthening of the Canadian dollar.
Three new directors for the Bank of Canada
Jim Flaherty, Canada's minister of finance, named three new directors for the central bank's board.
Canadian growth beats central bank forecast
The growth of the Canadian economy during the first quarter of this year was stronger than the central bank expected official statistic released on 31 May revealed. The upside shock appears to have sealed the case for rate hikes later this year.
Rates on hold in Canada, Slovakia and Malaysia
A number of central banks have announced this week that interest rates will remain unchanged. Rates will remain on hold in Canada, Slovakia and Malaysia.
Bank of Canada Review, Spring 2007
The Bank of Canada published its Review for Spring 2007 on Thursday 17 May. The Review includes the article 'Renewing the International Monetary Fund: A review of the issues'.
Canada's Dodge on a sound pension system
In the speech 'A sound pension system - Handling risk appropriately' given on 10 May David Dodge of the Bank of Canada said widespread reforms are needed to deal with Canada's private pension fund crisis, including the elimination of tax penalties and…
Canada's Dodge on exchange rate regimes
In the speech 'The importance of appropriate exchange rate regimes' given on 4 May David Dodge of the Bank of Canada said the Canadian dollar's rise in recent years has helped Canada maintain stable growth and inflation as commodity prices rose sharply.
BoC paper on new accounting standards
The Bank of Canada Discussion Paper "Implications of new accounting standards for the Bank of Canada's balance sheet" looks at the new accounting standards implemented by the CICA for the valuation and reporting of financial instruments.
Dodge on the Canadian economy
In a speech given on 2 May David Dodge of the Bank of Canada said domestic demand is likely to continue to be the main driver of growth in Canada.
Dodge on Canada and free trade
In his opening statement to the House of Commons Standing Committee given on 1 May David Dodge of the Bank of Canada made similar comments to those of Ben Bernanke the same day, saying if the United States resorts to protectionist measures against major…
Race to succeed Canada's Dodge underway
According to this article from Bloomberg, published Thursday 26 April, potential successors to David Dodge at the Bank of Canada will include Paul Jenkins and Tiff Macklem as well as some external candidates named in the press.
Bank of Canada Monetary Policy Report, Apr 2007
The Bank of Canada released its April 2007 Monetary Policy Report on 26 April. The latest report says growth of the Canadian economy has been essentially in line with the Bank's expectations.
Alice in Wonderland riddles not for Dodge
As David Dodge says he will not seek a second term as governor of the Bank of Canada (see our other item on this today), this article from Reuters, published Thursday 26 April, says he was a central banker of refreshing clarity and gained the markets'…
Dodge will not seek second term
Bank of Canada governor David Dodge has informed the Board of Directors and the Minister of Finance that he will not seek a second term as governor, the bank said Thursday 25 April. See our other item on this today: 'Alice in Wonderland riddles not for…
Bank of Canada holds rates unchanged
The Bank of Canada announced Tuesday 24 April that it is maintaining its target for the overnight rate at 4 1/4 per cent. The bank said Canadian economic growth has been roughly in line with its expectations.
Term structure transmission of monetary policy
Under bond-rate transmission of monetary policy, the authors of this Bank of Canada Working Paper show that a generalized Taylor Principle applies, in which the average anticipated path of policy responses to inflation is subject to a lower bound of…
Bank of Canada, Business Outlook Survey, Spring 07
The Bank of Canada published its Spring 2007 Business Outlook Survey on 16 April. Overall, businesses remain positive about the economic outlook, the report said.