December 20, 2000
December 5, 2000
Bank of Canada keeps Bank Rate at 6 per centThe Bank of Canada today announced that it is maintaining the Bank Rate at 6 per cent. The operating band for the overnight rate is unchanged, and the Bank’s target for the overnight rate remains at 5 3/4 per cent.
December 4, 2000
Bank of Canada Governor concludes that a floating exchange rate regime continues to make sense for CanadaIn a speech to the Chambre de commerce du Montréal métropolitain, Bank of Canada Governor Gordon Thiessen reviewed the different sides of the argument with respect to a floating exchange rate regime, and concluded that a floating currency continues to make sense for Canada.
November 9, 2000
Bank of Canada releases semi-annual Monetary Policy ReportThe Bank of Canada today released its twelfth semi-annual Monetary Policy Report in which it discusses economic and financial trends in the context of Canada’s inflation-control strategy. The Monetary Policy Report is published every May and November.
October 30, 2000
Bank of Canada releases dates for announcing Bank Rate actionsThe Bank of Canada today made public the dates through the year 2001 on which it will announce any changes to the official interest rate it uses to implement monetary policy. Last month the Bank outlined its plan to adopt a new system of pre-set or "fixed" dates for announcing changes to the Bank Rate, […]
September 26, 2000
Bank of Canada to issue new bank notes
The Bank of Canada will issue a new series of bank notes beginning in January 2001 to further enhance the security of Canada's currency.
September 19, 2000
Bank of Canada to adopt fixed dates for announcing Bank Rate changesThe Bank of Canada today outlined details of its plan to adopt a system of eight “fixed” or pre-specified dates each year for announcing any changes to the official interest rate it uses to implement monetary policy—the rate of interest it charges on short-term loans to financial institutions.
September 14, 2000
Bank of Canada Governor reviews economic developments and outlines proposed new arrangements for announcing interest rate changesIn a speech to the Calgary Chamber of Commerce today, Bank of Canada Governor Gordon Thiessen gave an update on the Bank's outlook for the Canadian economy. He also outlined plans to move to a system of pre-set dates for announcing changes in official interest rates as part of the Bank's ongoing efforts to improve […]
June 15, 2000
Bank of Canada Governor speaks to the Kelowna Chamber of Commerce"Low and stable inflation is good for business, good for the consumer, and good for the economy as a whole," Bank of Canada Governor Gordon Thiessen told the Kelowna Chamber of Commerce today in a luncheon speech that focused on the contribution that monetary policy makes towards an environment that supports economic activity. Mr. Thiessen […]
June 1, 2000
Bank of Canada Announces Appointment of Special AdviserProfessor Angela Redish of the University of British Columbia has been chosen to fill the visiting economist position of Special Adviser in the Bank of Canada for a one-year term beginning in August 2000.