Canada
Canada to unveil its new $100 bank note
Canada will unveil its new $100 bank note on 28 January 2004. The first high denomination note in the Canadian Journey series will be unveiled by the Minister of Natural Resources Canada, and Bank of Canada Governor David Dodge.
Longworth on monetary and financial stability
In a speech given on 9 January, Deputy Governor of the Bank of Canada David Longworth discusses how the interaction between sound monetary and financial stability policies contributes to solid economic performance.
Bank of Canada Financial System Review, Dec 2003
The Bank of Canada published its semi-annual Financial System Review on 17 December. An improving economic environment and a stabilization in corporate credit quality have contributed to better results for financial institutions, it said. The risks…
IMF warns of 'downside risks' to Canada's economy
The IMF said on Tuesday 9 December, in its annual report on Canada, that the Canadian economy was resilient and it agreed with the consensus view that Canada's near-term outlook is "broadly favourable", according to CNC News. But it warned of downside…
Dodge on Future Trends in the Canadian Economy
In a speech on 'Past Adjustments and Future Trends in the Canadian Economy' given on 8 December, David Dodge of the Bank of Canada said the economic adjustments that Canadians made through the 1990s and talked about the adjustments that will be necessary…
Canada's Dodge sees strong end to year
Strong global demand for Canadian goods and the holiday shopping season should allow the nation's economy to finish a rough year on a high note, Bank of Canada Governor David Dodge said in a speech on Monday 8 December, reported by the Ottawa Business…
Bank of Canada keeps rate at 2 3/4 per cent
The Bank of Canada held its main interest rate steady at a meeting on Tuesday 2 December, despite market worries over the impact of a soaring Canadian dollar and recent weaker-than-forecast economic growth.
Canada's Dodge on low and predictable inflation
In a speech on 'Low and Predictable Inflation and the Performance of Canadian Labour Markets' given on 20 November, David Dodge of the Bank of Canada said because Canada's monetary policy framework reduces uncertainty about inflation, it helps both firms…
Canada's Dodge will cut rates if necessary
David Dodge said on Thursday 20 November that interest rates would be cut if the Canadian dollar's rise threatened the economy, according to the Globe and Mail. He said the Bank of Canada would act to stimulate domestic demand to return inflation to the…
BOC's Longworth on Inflation Targeting
In a speech 'Economic Literacy, Inflation Targeting, and Medium-Term Planning' given on 13 November, David Longworth of the Bank of Canada discusses the relationship between better economic education and a stronger economy and how an understanding of…
Canada's Dodge on Challenges and Opportunities
In a speech on 'Global Challenges, Canadian Opportunities' given on 17 November, David Dodge of the Bank of Canada said Canada has focused too much attention for too long on trade with the United States and now must look beyond North America for future…
BoC's Dodge says he favours global trade strategy
Speaking on Monday 17 November, David Dodge said floating currencies can act as "shock absorbers" by rising and falling in response to economic conditions, according to Canadian Press. A floating Canadian dollar has provided "a real advantage" for Canada…
Bank of Canada Review, Autumn 2003
The Bank of Canada published its Review for Autumn 2003 on 13 November. The Review includes articles titled "An Evaluation of Fixed Announcement Dates" "Recent Labour Market Developments in Canada" and "Developments, Issues, and Initiatives in Retail…
The Canadian Phillips curve and regime shifting
This Bank of Canada Working Paper looks at the recent criticism of linear models of inflation for their poor forecasting performance, given that Phillips curves are usually estimated with linearity assumptions. Using two methodologies the Paper strongly…
BoC's Dodge on economic education
In the speech 'On Economic Education' given on 3 November David Dodge of the Bank of Canada said given the importance we attach to improving economic and financial literacy in Canada, we will continue to develop educational programs and materials for…
Dodge Ball: Business elite fete governor
Bank of Canada governor David Dodge was honoured on Monday evening when close to 1,000 people paid tribute to his three decades of public service at a fundraising dinner, Canadian Press reported.
Kennedy:Efficiency/transparency in capital markets
In the speech 'Efficiency and Transparency in Canadian Capital Markets' given on 28 October Sheryl Kennedy of the Bank of Canada discusses the importance of promoting efficiency in capital markets, and how transparency can support these efforts. She also…
Canada's Jenkins on governance, markets, policy
In a speech on 'Corporate Governance, Capital Markets, and Canadian Monetary Policy' given on 27 October, Paul Jenkins of the Bank of Canada discusses recent efforts to improve the operation and the regulation of Canadian capital markets, in the wake of…
David Dodge on risks to economic outlook
Bank of Canada Governor David Dodge told the Senate Banking, Trade and Commerce Committee on Thursday that significant risks exist to the economic outlook. These risks relate to the timing and magnitude of adjustments to global economic imbalances. In…
Bank of Canada, Monetary Policy Report, Oct 2003
The Bank of Canada has released its Monetary Policy Report for October 2003. Since the April Report, the Canadian economy has been hit by a number of unusual shocks: SARS, BSE, the Ontario electricity blackout, and the severe forest fires in British…
Statement by David Dodge on Monetary Policy Report
The Governor of the Bank of Canada cautioned that there are still "significant" risks attached to the bank's outlook. "There is uncertainty both about the likely changes in key global exchange rates and their effect of the Canadian economy," David Dodge…
Dodge at the House of Commons Finance Committee
David Dodge told Canada's House of Commons Finance Committee on Wednesday 22 October that the prospects for near-term growth in the global economy have improved since April, and geopolitical uncertainty has continued to decrease. The economic picture in…
Bank of Canada sees lower inflation
The Bank of Canada said on Wednesday 22 October that Canadians can expect lower inflation and increased economic growth next year, according to CBC News. The bank said in its latest monetary policy report that growth is expected to average a bit over 3…
Bank of Canada leaves key rate unchanged
The Bank of Canada held interest rates steady on Wednesday at 2.75 percent, the Canadian Press said. Some economists said the rate should fall to cool the rise in the Canadian dollar.