Canada
Foreign exchange reserves in emerging Asia
The Bank of Canada Working Paper "An empirical analysis of foreign exchange reserves in emerging Asia" published December 2005 asks how far is the current level of US-dollar foreign exchange reserves held by Asian central banks from that predicted by the…
Paper on central bank research, 1990-2003
The Bank of Canada Working Paper "Quantity, quality, and relevance: Central bank research, 1990-2003" published December 2005 documents the research output of 34 central banks from 1990 to 2003, and use proxies of research inputs to measure the research…
Bank of Canada raises interest rates
The Bank of Canada announced on Tuesday 6 December that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 1/4 per cent. In a press release the bank suggested rates would rise further saying, "some further…
Canada's Dodge on investing in productivity
In the speech 'Investing in productivity' given on 28 November David Dodge of the Bank of Canada said Canada must reduce its public infrastructure deficit or risk harming productivity and prosperity.
Dodge on inflation targeting in Canada
In the speech 'Inflation targeting in Canada: Design, lessons, and challenges' given on 14 November David Dodge of the Bank of Canada said the bank is unlikely to change its practice of using the consumer price index as its target for monetary policy.
Canada's Duguay on economic & financial storms
In the speech 'Weathering economic and financial storms' given on 24 November Pierre Duguay of the Bank of Canada discusses how the Bank of Canada works with its public- and private-sector partners to strengthen the Canadian financial system and to make…
The Bank of Canada: An Illustrated History
The Bank of Canada published a book commemorating its 70th anniversary on Wednesday. The Bank of Canada: An Illustrated History is filled with interesting images and anecdotes about the Bank and its place in Canadian society from 1935 until now.
Forex pegging may be counterproductive says Dodge
Bank of Canada Governor David Dodge said in previously private remarks to the Bank of France on November 4 that pegging a country's foreign exchange rate could hinder macroeconomic adjustment.
Bank of Canada Review, Autumn 2005
The Bank of Canada published its Review for Autumn 2005 on 17 November. The Review contains four articles including "The exchange rate and Canadian inflation targeting" and "What drives movements in exchange rates?".
Canada's Jenkins on global and domestic challenges
In the speech 'Global and domestic challenges: Keeping an eye on the medium term' given on 17 November Paul Jenkins of the Bank of Canada talks about the key challenges facing Canada.
Canada's Dodge on economic & financial efficiency
In the speech 'Economic and financial efficiency: The importance of pension plans' given on 9 November David Dodge of the Bank of Canada said Canada must correct flaws in its pension system to encourage more risk-taking and boost the economy's potential…
Bank of Canada enhances transparency
The Bank of Canada has implemented new measures to enhance the transparency and accountability of its operations.
Central bankers welcome Fed nominee
Following Ben Bernanke's nomination to succeed Alan Greenspan as chairman of the Federal Reserve, central bankers were out in force this week to welcome the move.
Dodge on Canada's economy
In a speech to the House of Commons Standing Committee on Finance given on 25 October David Dodge of the Bank of Canada said past and recent movements in energy prices and in the exchange rate for the Canadian dollar are giving rise to significant…
Bank of Canada Fixed Income Markets conference
The Financial Markets Department of the Bank of Canada has announced it will host a conference on Fixed Income Markets to be held at the Bank of Canada on 3 and 4 May, 2006.
Dodge sees 'high degree of liquidity' in market
Canadian interest rates are low enough to allow substantial liquidity on domestic financial markets, Bank of Canada Governor David Dodge told the House of Commons finance committee on Tuesday 25 October.
Bank of Canada Monetary Policy Report, Oct 2005
The Bank of Canada released its October 2005 Monetary Policy Report on 20 October. The latest report says the global and Canadian economies have continued to grow at a solid pace, and the Canadian economy now appears to be operating at full production…
Bank of Canada raises interest rates
The Bank of Canada announced on Tuesday 18 October that it is raising its main interest rate by 0.25% to 3%. The Bank noted there have been significant movements in energy prices and the Canadian dollar has traded in a higher range against the U.S…
Bank of Canada, Business Outlook Survey, Autumn 05
The Bank of Canada published its Autumn 2005 Business Outlook Survey on 7 October, saying firms overall remain positive about the economic outlook.
Canada's Macklem on the inflation target
In the speech 'The inflation target: More than just a target' given on 6 October Tiff Macklem of the Bank of Canada discusses the Bank of Canada's inflation-targeting system, which aims to keep inflation low, stable, and predictable in order to promote…
Canada's Dodge says G7 wary of global deflation
The G7 needs to move swiftly to correct global imbalances in savings and investment or face the risk of worldwide deflation within ten years, Bank of Canada governor said on Tuesday 4 October.
Canada's Longworth on monetary policy
In the speech 'Monetary policy: One instrument, one target' given on 29 September David Longworth of the Bank of Canada said the Canadian economy will feel only a modest impact from hurricanes Katrina and Rita, but higher oil prices will result in a…
Canada's Dodge on financial system efficiency
In the speech 'Financial system efficiency: Getting the regulatory framework right' given on 22 September David Dodge of the Bank of Canada said that the inflation rate can be expected to rise in coming months, thanks largely to high energy costs, which…
Canada's Dodge on global imbalances
In the speech 'The evolution and resolution of global imbalances' given on 9 September, David Dodge of the Bank of Canada said global economic imbalances will not be solved through adoption of flexible foreign exchange rates alone.