December 4, 2000
Gordon Thiessen - Latest
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November 9, 2000
Release of the Monetary Policy Report
This morning we released our latest Monetary Policy Report. In the six months since the May Report, our economy has outperformed expectations, spurred by strong domestic and foreign demand for Canadian products. We now expect that growth will average 5 per cent in 2000 and 3 to 4 per cent in 2001. Despite this stronger-than-anticipated […] -
October 17, 2000
Can a Bank Change? The Evolution of Monetary Policy at the Bank of Canada 1935–2000
Over this period, there has been a fundamental transformation in the way monetary policy is conducted in Canada and in most other industrial countries. While globalization and technological change have played an important role in this area, as in so many others, they have not, to my mind, been the principal driving force behind this transformation. Far more important has been the interaction of experience and economic theory. -
September 14, 2000
The Outlook for the Canadian Economy and the Conduct of Monetary Policy
Today, I would like to bring you up to date on the Bank of Canada's views about the outlook for the Canadian economy. Prospects for the period ahead are generally very favourable. -
August 16, 2000
Release of the Monetary Policy Report Update
This morning we released our update to the May Monetary Policy Report. Overall, the outlook for Canadian economic growth and inflation is positive. Economic activity in Canada has remained strong since our May Report. Nonetheless, the underlying trend of inflation has been unexpectedly low - in the bottom half of our 1 to 3 per […] -
June 15, 2000
The Canadian Economy: Finding the Right Balance
With the technological revolution that is currently sweeping the globe, dealing with change is a growing challenge for businesses these days. This revolution is erasing national frontiers, intensifying competition, and transforming economies everywhere. -
May 16, 2000
Opening Statement before the House of Commons Standing Committee on Finance
Last week, we released our eleventh Monetary Policy Report. Since our November Report, the Canadian economy has outperformed expectations. Bolstered by vigorous external and domestic demand, Canada's economic expansion strengthened in the second half of 1999 and into early 2000. -
May 11, 2000
Release of the Monetary Policy Report
This morning we released our latest Monetary Policy Report. The outlook that we see for Canadian economic growth and inflation is very positive. The economy has outperformed expectations since our November Report and the underlying trend of inflation has been lower than expected. With the global economy gaining momentum and greater demand at home, we […] -
April 26, 2000
The Canadian Economy: Charting a Course for the Future
The 1990s was a difficult period for Canada and the Canadian economy. From the beginning of the decade, it was clear that we had to grapple with the problems that had been hampering our economic performance through most of the 1970s and 1980s. -
April 6, 2000
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
When I appeared before you last April, there was still a high degree of uncertainty in the global economy related to the 1997-98 financial crisis in emerging markets and the associated fall in world commodity prices.