Canada

Bank of Canada Working Paper 2002-16

RESEARCH - The Bank of Canada has published a paper titled 'A Market Microstructure Analysis of Foreign Exchange Intervention in Canada', by Chris D'Souza. He concludes that central banks considering intervention must also consider both the signal it…

Bank of Canada Working Paper 2002-15

RESEARCH - The Bank of Canada has pubished a paper on 'Corporate Bond Spreads and the Business Cycle' by Zhiwei Zhang. It examines the predictive power of credit spreads from the corporate bond market. High-yield bond and investment-grade spreads can…

Bank of Canada raises rates by 1/4%

CANADA - The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2…

Speech by David Dodge of Bank of Canada, 14 May

SPEECH - In a speech titled 'International Financial Architecture and the Resolution of Financial Crises' Dodge reviewed the progress made in strengthening the international financial architecture, preventing global financial crises, and expediting…

Speech by David Dodge of Bank of Canada, 9 May

SPEECH - In the speech titled 'Canada's Recent Economic Performance' Dodge said the terrorist attacks in September created a great deal of uncertainty and the consequent aggressive lowering of interest rates resulted in annualised growth of 2 percent…

Speech by David Dodge of Bank of Canada, 26 Apr

SPEECH - In a speech titled 'The Interaction Between Monetary and Fiscal Policies' Dodge said that Canadian monetary and fiscal policies both went badly off course just over 25 years ago. It then took 15 to 20 years to establish the appropriate focus for…

Speech by Sheryl Kennedy of Bank of Canada, 5 Apr

SPEECH - In a speech titled 'The Bank of Canada's Contribution to the Canadian Economy' Kennedy said that the central bank and economy have come through some major international financial disturbances recently and some valuable lessons have been learned…

Speech by David Dodge of Bank of Canada, 26 Mar

SPEECH - In his most recent speech titled 'The Conduct of Monetary Policy in the Presence of Economic Shocks' Dodge touted the importance of core inflation as a wind vane for monetary policy, but offered few clues on the bank's stance on interest rates.

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