Canada
Canada's Duguay on the conduct of monetary policy
In the speech 'The conduct of monetary policy: Dealing with changes in the terms of trade' given on 4 April Pierre Duguay of the Bank of Canada said interest rates may need to rise to control inflation.
Bank of Canada to upgrade $5 banknote
The Bank of Canada on Tuesday 4 April announced that it will issue a $5 note with upgraded security features beginning 15 November 2006 as part of its ongoing effort to improve the security of Canadian bank notes.
Canada's Dodge on an evolving IMF
In the speech 'The evolving international monetary order and the need for an evolving IMF' given on 30 March David Dodge of the Bank of Canada said the International Monetary Fund should virtually abandon the lending business and focus instead on…
Canada's Dodge on global imbalances
In the speech 'Global imbalances: Why worry? What to do?' given on 29 March David Dodge of the Bank of Canada said large and persistent current account imbalances are a global problem and all countries must adopt policies that will allow market forces to…
Bank of Canada announces assignment for deputy
On behalf of the Board of Directors of the Bank of Canada, Governor David Dodge announced on Wednesday 22 March that Deputy Governor Sheryl Kennedy will be undertaking a short-term assignment as Senior Adviser to The Bank of Nova Scotia.
Canada may lower inflation target
David Dodge, governor of the Bank of Canada, said Tuesday 21 March that it could be time to lower the BoC's two percent inflation target.
Canada's Macklem on renewing the IMF
In the speech 'Renewing the IMF: Some lessons from modern central banking' given on 9 March Tiff Macklem of the Bank of Canada said the IMF should also play a role in setting the "rules of the game" in the international financial system, including…
Bank of Canada announces research award
The Bank of Canada announced on Friday 10 March that Professor Gregor Smith of Queen's University is the recipient of the Bank's Research Fellowship for 2006.
Bank of Canada raises rates to 3.75%
The Bank of Canada announced Tuesday that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 3/4 per cent.
Comment: Busy week for policymakers
This week is a busy one for monetary policymakers, with policy meetings taking place in Japan, the United Kingdom, Canada, Australia, New Zealand and Indonesia. Here is a brief look at what's been on the mind of central bankers in these countries.
Gold rally expected as central banks cut sales
Gold may rally in coming months as central banks reduce sales of bullion reserves, New York commodity researcher CPM Group said in its annual outlook report released Tuesday 28 February.
ECB's Wellink sees 2% eurozone growth
Dutch central bank governor Nout Wellink told an audience in Toronto Monday that he was "mildly optimistic" for Europe's future and saw growth in the euro area in the next two years of about 2 per cent.
Bank of Canada Review, Winter 05-06
The Bank of Canada published its Review for Winter 2005-2006 on 16 February. The Review includes the article "70 Years of Central Banking: The Bank of Canada in an International Context, 1935-2005".
Dodge urges "urgent action" on imbalances
In this speech given in Bridgetown, Barbados on 6 February, 2006 the governor of the Bank of Canada, David Dodge, argues that the "need for urgent action has increased" with regard to reducing the risks to the global economy posed by global imbalances.
Common North American currency a tempting idea
The concept of a common North American currency is a tempting idea, according to this article published on Tuesday 31 January. The objections will be more patriotic than economic, it says.
Canada's Jenkins on global economic trends
In the speech 'Global economic trends: Implications for Canada' given on 1 February Paul Jenkins of the Bank of Canada said the Bank of Canada sees room for "some modest further increase" in interest rates as the economy runs at its production capacity,…
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its January 2006 Monetary Policy Report Update on 26 January. The Canadian and world economies are evolving essentially in line with the Bank's expectations, and the outlook for growth and inflation in Canada is similar to…
Bank of Canada raises interest rates 0.25%
The Bank of Canada announced on Tuesday 24 January that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 1/2 per cent. In a statement the bank said the move was necessary to keep inflation on target over the…
Bank of Canada, Business Outlook Survey, Winter 06
The Bank of Canada published its Winter 2005-2006 Business Outlook Survey on 16 January, saying the results of the survey are broadly similar to those of the autumn survey, with firms in aggregate remaining optimistic about the economic outlook.
Kennedy on Canada's monetary policy framework
In the speech 'Canada's monetary policy framework: Dealing with global economic change' given on 12 January Sheryl Kennedy of the Bank of Canada said the effects of rising energy prices are still working through the Canadian economy, as are other factors…
Canada's Dodge on protecting economic integrity
In a speech given on 25 October, and published 20 December, David Dodge of the Bank of Canada said Canada is at risk of becoming a safe haven for white collar crime.
Comment: The benefits of Basel II's colleges
How efforts to implement the new Basel accord are yielding unexpected benefits, with supervisors finding that through their meetings in "colleges", they are learning more about each other's business, how they approach their work and what they need from…
Bank of Canada Financial System Review, Dec 2005
The Bank of Canada has published its semi-annual December 2005 Financial System Review. In general, the financial health of Canadian financial institutions, households, and non-financial corporations remains robust.
Canada's Dodge on inflation targeting
In the speech 'Our approach to monetary policy: Inflation targeting' given on 12 December David Dodge of the Bank of Canada said the BoC must set interest rates looking at the country as a whole and not get caught up in growth rates that vary from region…