Canada
Bank of Canada appoints deputy governor
The Board of Directors of the Bank of Canada announced on Friday 17 december the appointment of Tiff Macklem as Deputy Governor of the Bank and a member of the Bank's Governing Council, effective from 29 December.
Canada's Dodge on financial system efficiency
In a speech on 'Financial system efficiency: A Canadian imperative' given on 9 December, David Dodge of the Bank of Canada said it is imperative that Canada work to enhance the efficiency of its financial system.
Bank of Canada Financial System Review, Dec 2004
The Bank of Canada published its semi-annual Financial System Review on 9 December. The report says continued strong global economic growth has reduced financial vulnerabilities in Canada and elsewhere. Higher oil prices have, however, raised questions…
Bank of Canada, Business Outlook Survey, Autumn 04
The Bank of Canada's Autumn 2004 Business Outlook Survey reports that businesses remain essentially as optimistic about the economic outlook as they were in the summer survey. Although they have marked down their growth forecast for the US economy,…
Bank of Canada leaves interest rates unchanged
The Bank of Canada announced on Tuesday 7 December that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.
Dodge on Canada's monetary policy
In a speech to the Senate Committee on Banking, Trade and Commerce given on 24 November, David Dodge of the Bank of Canada said he remained "broadly comfortable" with the key economic assumptions underlying the current monetary policy of the Bank of…
Bank of Canada Review, Autumn 2004
The Bank of Canada has published its Review for Autumn 2004. The Review contains four articles including "Asset prices and monetary policy: A Canadian perspective on the issues". This article addresses the extent to which monetary policy in Canada should…
Dodge on the Canadian economy
In a speech on behalf of Canada's Finance Minister, Ralph Goodale, to the German-Canadian Business Club of Berlin given on 22 November, David Dodge of the Bank of Canada said domestic demand is stronger and the prices of the goods and services we export…
Toronto delegation visits European Central Bank
A delegation comprised of Deputy Mayor Joe Pantalone and Toronto business people visited the European Central Bank (ECB) on Wednesday 17 November.
Canada's Jenkins on globalization and mon. policy
In a speech on 'Globalization and Public Policy: Lessons from Central Banking' given on 15 November, Paul Jenkins of the Bank of Canada identifies two of the key principles that distinguish a modern, credible monetary policy framework-clarity of…
Bank of Canada issues new $50 banknote
The Bank of Canada put into circulation Canada's new $50 banknote on Wednesday 17 November. The new note will be distributed and become available across the country over the next few weeks.
Canada's Longworth on stability & predictability
In a speech on 'The Bank of Canada: Striving for Stability, Predictability, and Confidence' given on 8 November, David Longworth of the Bank of Canada said that, in all of its functions, the Bank of Canada strives for stability, predictability, and…
Kennedy on the Canadian and American economies
In a speech on 'The Canadian and American Economies: Integration, Not Convergence' given on 4 November, Sheryl Kennedy of the Bank of Canada compares aspects of the Canadian and US economies, discussing their similarities and their differences. She…
Dodge at House of Commons Finance Committee
In a speech to the House of Commons Finance Committee given on 26 October David Dodge of the Bank of Canada said with the economy expected to remain near its production capacity, core inflation is projected to move back up to the 2 per cent target by the…
Bank of Canada looks for new deputy governor
The Canadian Prime Minister announced on Thursday 21 October that Mark Carney, Deputy Governor of the Bank of Canada, has been appointed Senior Associate Deputy Minister of Finance, effective from 15 November.
Bank of Canada Monetary Policy Report, Oct 2004
The Bank of Canada released its October 2004 Monetary Policy Report on 21 October. The latest report says the Canadian economy has grown faster than was projected in last April's report and the July update, largely because of a surge in exports.
Bank of Canada raises interest rates by 0.25%
The Bank of Canada announced on Tuesday 19 October that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/2 per cent. The bank said that given the effects of higher oil prices and the past appreciation of the…
Pensioners to sue Bank of Canada
Canadian pensioners look set to go to court in a bid to wring up to $42 million out of the Bank of Canada, Canadian Press reported. It is alleged the bank misused their pension trust fund since at least 1993.
Bank of Canada unveils new $50 banknote
The Bank of Canada on Wednesday 13 October unveiled Canada's new $50 banknote, the theme of which is Nation Building: shaping the political, legal, and social structures for democracy and equality.
Canada's Dodge on nation building
In a speech on 'Nation building' given on 13 October, David Dodge of the Bank of Canada said this has been an exciting day for the Bank of Canada. This morning, we unveiled a new $50 note that celebrates nation building: shaping the political, legal, and…
Canada's Dodge on global economic developments
In a speech on 'Global Economic Developments and the Implications for Ontario' given on 7 October, David Dodge of the Bank of Canada said Canadian capital and financial markets need to become more efficient.
Canada's exchange rate 'source of uncertainty'
Bank of Canada Deputy Governor Sheryl Kennedy said in a speech on Thursday 8 October that the central bank views the exchange rate as a "source of uncertainty" when forecasting economic growth.
Canada's Jenkins on communication
In a speech on 'Communication: A Vital Tool in the Implementation of Monetary Policy' given on 30 September, Paul Jenkins of the Bank of Canada discusses the importance of public communication as a vital tool in the effective conduct of monetary policy.
Bank of Canada Working Paper on Taylor Rules
In this Working Paper from the Bank of Canada the authors compute welfare-maximizing Taylor rules in a dynamic general-equilibrium model of a small open economy. They find that the welfare gains from moving to the optimal Taylor rule are larger than…