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  1. 18 December 2007

    Nominations Invited for the Bank of Canada's Law Enforcement Award of Excellence for Counterfeit Deterrence

    Press Release  - Ottawa, Ontario

    Beginning today, the Bank of Canada is inviting nominations for the fifth annual Law Enforcement Award of Excellence for Counterfeit Deterrence. This award recognizes police officers, employees, or volunteers of a Canadian law-enforcement agency who have demonstrated outstanding commitment and initiative in counterfeiting deterrence and prevention.

  2. 10 December 2007

    Governor Dodge Says Transparency Essential for Financial Market Efficiency

    Press Release  - Toronto, Ontario

    Recent market events have shown how important it is to have appropriate levels of transparency and disclosure of information for financial markets to function well, Bank of Canada Governor David Dodge said today.

  3. 4 December 2007

    Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 1/4 per cent

    Press Release  - Ottawa, Ontario

    The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 1/4 per cent.

  4. 18 October 2007

    Bank of Canada releases Monetary Policy Report

    Press Release  - Ottawa, Ontario

    The Bank of Canada today released its October Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.

  5. 16 October 2007

    Bank of Canada keeps target for the overnight rate at 4 1/2 per cent

    Press Release  - Ottawa, Ontario

    The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/2 per cent.

  6. 11 October 2007

    Deputy Governor Tiff Macklem appointed Associate Deputy Minister of Finance

    Press Release  - Ottawa, Ontario

    The Prime Minister announced today that Tiff Macklem, Deputy Governor of the Bank of Canada, has been appointed Associate Deputy Minister of Finance, effective 1 November.

  7. 4 October 2007

    Mark Carney Appointed Governor of the Bank of Canada

    Press Release  - Ottawa, Ontario

    The Directors of the Bank of Canada appointed under Section 9 of the Bank of Canada Act today announced that they have appointed Mark Carney as Governor of the Bank of Canada for a seven-year term, effective 1 February 2008.

  8. 25 September 2007

    Governor Dodge Discusses Recent Market Turbulence: Causes, Effects, and Lessons

    Press Release  - Vancouver, B.C.

    anadian money markets are functioning better after being affected by this summer's turbulence, but they are not yet back to normal, Bank of Canada Governor David Dodge said today in a speech to the Vancouver Board of Trade.

  9. 25 September 2007

    Survey of Foreign Exchange and Derivatives Market Activity in Canada During April 2007

    Press Release  - Ottawa, Ontario

    During the month of April, the Bank of Canada and 53 other central banks and monetary authorities conducted a survey of turnover activity in the foreign exchange and over-the-counter (OTC) derivatives markets in their respective countries.

  10. 12 September 2007

    Governor Dodge Discusses the Importance of Transparency in Financial Markets

    Press Release  - London, U.K.

    One of the clearest lessons to emerge from the recent financial market dislocation is the critical importance of transparency if debt markets are to function properly, Bank of Canada Governor David Dodge said today in a speech to the Canada-U.K. Chamber of Commerce.

  11. 10 September 2007

    New initiative to involve Canadian high school students in the fight against bank note counterfeiting crimes

    Press Release  - Ottawa, Ontario

    The Bank of Canada, the Durham District School Board, the Royal Canadian Mounted Police, the Ontario Provincial Police and the Sûreté du Québec are joining forces to promote the new Counterfeit Detection module, a free ready-to-teach kit available to high schools across the country.

  12. 6 September 2007

    The Bank of Canada is committed to providing liquidity; restores standard terms for SPRA

    Press Release  - Ottawa, Ontario

    The Bank of Canada is committed to providing liquidity in support of the efficient functioning of Canada's financial markets.

  13. 5 September 2007

    Bank of Canada keeps target for the overnight rate at 4 1/2 per cent

    Press Release  - Ottawa, Ontario

    The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/2 per cent.

  14. 23 August 2007

    Bank of Canada Announces the Recipients of its 2007 Law Enforcement Award of Excellence for Counterfeit Deterrence

    Press Release  - Ottawa, Ontario

    The Bank of Canada is pleased to announce the recipients of its 2007 Law Enforcement Award of Excellence for Counterfeit Deterrence.

  15. 22 August 2007

    Bank of Canada Announces Appointment of Special Adviser

    Press Release  - Ottawa, Ontario

    The Special Adviser position was created to bring additional perspectives to monetary policy discussions.

  16. 21 August 2007

    Bank of Canada sees joint commitment by major Bank CEOs on bank-sponsored asset-backed commercial paper (ABCP) as positive step

    Press Release  - Ottawa, Ontario

    The Bank of Canada continues to monitor the functioning of Canada's financial markets and to make liquidity available as required. The commitment by Canada's major bank CEO's to work together to support the performance and liquidity of the market for bank-sponsored asset-backed commercial paper (ABCP) is a further positive step to help re-establish well functioning [...]

  17. 16 August 2007

    Bank of Canada welcomes initiatives to support the functioning of financial markets in Canada

    Press Release  - Ottawa (Ontario)

    The Bank of Canada welcomes the initiatives announced today to support the asset-backed commercial paper market in Canada.

  18. 15 August 2007

    Bank of Canada Temporarily Expands List of Collateral Eligible for SPRA Transactions

    Press Release  - Ottawa, Ontario

    As part of its continuing provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it is temporarily expanding the list of collateral eligible for use by market participants in Special Purchase and Resale Agreements (SPRAs).

  19. 9 August 2007

    Bank of Canada issues statement on provision of liquidity to support the stability and efficient function of financial markets

    Press Release  - Ottawa, Ontario

    In light of current market conditions, the Bank of Canada would like to assure financial market participants and the public that it will provide liquidity to support the stability of the Canadian financial system and the continued functioning of financial markets.

  20. 25 July 2007

    Bank of Canada releases 2008 schedule of dates for its policy interest rate announcements

    Press Release  - Ottawa, Ontario

    The Bank of Canada today released its 2008 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year.

  21. 12 July 2007

    Bank of Canada releases Monetary Policy Report Update

    Press Release  - Ottawa, Ontario

    Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report.

  22. 10 July 2007

    Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/2 per cent

    Press Release  - Ottawa, Ontario

    The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent.

  23. 13 June 2007

    Governor Dodge Discusses the Implications of Demographics on Monetary Policy

    Press Release  - St.John's, Newfoundland and Labrador

    Demographic trends and the effect of Canada's aging population have begun to have an impact on the Canadian monetary policy, Bank of Canada Governor David Dodge said today.

  24. 29 May 2007

    Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

    Press Release  - Ottawa, Ontario

    The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

  25. 21 May 2007

    Governor Dodge Says Leadership Needed to Strengthen International Institutions

    Press Release  - Chicago, Illinois

    The global economy could run more smoothly if G-7 countries showed the leadership that would strengthen international financial institutions, Bank of Canada Governor David Dodge said today.

  26. 10 May 2007

    Governor Dodge Discusses Need to Support Canada's Private Pension System

    Press Release  - Toronto, Ontario

    Policy-makers need to make sure that Canada's system of private pensions provides the right incentives for risk to be managed appropriately, Bank of Canada Governor David Dodge said today.

  27. 4 May 2007

    Governor Dodge discusses how flexible exchange rates aid economic adjustments

    Press Release  - Montréal, Quebec

    A flexible exchange rate regime can help an economy adjust to shocks, and can be an important part of a market-based, liberalized trade and financial order, said Bank of Canada Governor David Dodge.

  28. 26 April 2007

    Bank of Canada releases Monetary Policy Report

    Press Release  - Ottawa, Ontario

    The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.

  29. 25 April 2007

    Bank of Canada Governor David Dodge will not seek second term

    Press Release  - Ottawa, Ontario

    Governor David Dodge has informed the Bank of Canada's Board of Directors and the Minister of Finance that he will not seek a second term as Governor.

  30. 25 April 2007

    Process for selecting a Governor of the Bank of Canada

    Press Release

    The Board of Directors of the Bank of Canada has initiated a process to find a replacement for the Governor of the Bank of Canada, David Dodge, whose seven year mandate will end on 31 January 2008. The following is the process leading to the appointment of a new Governor.

  31. 24 April 2007

    Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

    Press Release  - Ottawa, Ontario

    The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

  32. 29 March 2007

    The Bank of Canada Releases Its Annual Report for 2006

    Press Release  - Ottawa, Ontario

    The Bank of Canada's Annual Report for 2006 was tabled in the House of Commons today.

  33. 29 March 2007

    Dodge discusses the need for sound economic policies, both globally and locally

    Press Release  - New York, New York

    In a speech to the Americas Society and the Council of the Americas, Bank of Canada Governor David Dodge said today that the United States and Canada should lead the effort to strengthen institutions such as the International Monetary Fund.

  34. 9 March 2007

    Bank of Canada Announces Research Fellowship for 2007

    Press Release  - Ottawa, Ontario

    The Bank of Canada today announced that Professor Jean-Marie Dufour of the Université de Montréal is the recipient of the Bank's Research Fellowship for 2007.

  35. 8 March 2007

    Dodge discusses the importance of flexibility in meeting economic challenges

    Press Release  - Calgary, Alberta

    In a speech to the Calgary Chamber of Commerce, Governor Dodge explained that while strong macroeconomic conditions are necessary for meeting the challenges of the global economy, additional work on microeconomic policies is still needed.

  36. 6 March 2007

    Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

    Press Release  - Ottawa, Ontario

    The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

  37. 1 March 2007

    Canadians need to strike back in fight against fraud

    Press Release  - Ottawa, Ontario

    Canadians need to be more vigilant in the fight against fraud, senior law enforcement and government officials are warning.

  38. 25 January 2007

    Dodge discusses monetary policy and the economy, calls for stronger IMF

    Press Release  - Toronto, Ontario

    "This simple paradigm is very helpful because monetary policy works better when it is understood," the Governor said.

  39. 18 January 2007

    Bank of Canada releases Monetary Policy Report Update

    Press Release  - Ottawa, Ontario

    he Bank of Canada today released the January update to the Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.

  40. 16 January 2007

    Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

    Press Release  - Ottawa, Ontario

    The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

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