February 24, 1998 Inflation-Control Targets ExtendedThe Bank of Canada today released a joint statement of the Government of Canada and the Bank of Canada on the extension of the inflation-control targets.
A year ago, in early 1997, prospects for global economic growth were very promising. World economic activity had strengthened and was expected to accelerate further, with the benefit of low inflation, reduced fiscal imbalances, and stable or declining interest rates. In Canada too, output and employment growth had picked up.
January 30, 1998 Bank Rate Raised to 5 Per CentThe Bank of Canada today raised its Bank Rate by ½ of one percentage point to 5 per cent.
December 30, 1997 Bank Releases Guideline for Regulatory Oversight Under Payment Clearing and Settlement ActThe Bank of Canada today released a guideline outlining how it intends to carry out its responsibilities under the Payment Clearing and Settlement Act (PCSA).
December 12, 1997 Bank Rate Raised to 4 1/2 Per CentThe Bank of Canada today raised its Bank rate by ½ of one percentage point to 4 ½ per cent.
Today, we meet against a backdrop of some uncertainty in the international economy. I would like to begin my remarks with an assessment of what the recent financial and economic events in Asia could mean for Canada.
November 27, 1997 Final report on wartime gold transactions releasedThe Bank of Canada today released a report by Professor Duncan McDowall of Carleton University entitled Due Diligence: A report on the Bank of Canada's handling of foreign gold during World War II.
The Bank of Canada today raised the Bank Rate by 1/4 of one percentage point to 4 per cent. The Bank's operating band for the overnight rate was similarly adjusted.