December 16, 2011
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of Evan W. Siddall as Special Adviser to the Governor.
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December 12, 2011
Growth in the Age of Deleveraging
Governor Mark Carney discusses the factors driving global deleveraging and the implications for economic growth in Canada. -
December 12, 2011
Prolonged Period of Deleveraging Ahead, Says Bank of Canada Governor Mark Carney
The world’s advanced economies are entering a prolonged period of deleveraging after several decades of accumulating debt, Bank of Canada Governor Mark Carney said today. “The direction may be clear, but the magnitude and abruptness of the process are not. It could be long and orderly or it could be sharp and chaotic.” “In general, […] -
December 8, 2011
Financial System Review - December 2011
In this issue of the Financial System Review, the Bank of Canada’s Governing Council judges that the risks to the stability of Canada’s financial system are high and have increased markedly over the past six months, owing primarily to an escalation of the sovereign debt crisis in the euro area and a weaker global economic outlook.
Erratum: The data for Chart 7 on page 8 were plotted incorrectly. See revised chart.
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December 6, 2011
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. -
November 29, 2011
With a Little Help from Your Friends: The Virtues of Global Economic Coordination
Deputy Governor John Murray discusses the importance of global economic policy coordination in a speech at the State University of New York College in Plattsburgh, New York. -
November 23, 2011
Renewing Canada’s Monetary Policy Framework
Governor Mark Carney discusses the key elements of Canada’s inflation-targeting regime. -
November 23, 2011
Canada’s Inflation-Targeting Regime Enhances Economic Well-Being of Canadians, Says Bank of Canada Governor Mark Carney
The effectiveness of Canada’s inflation-targeting regime, adopted in 1991, is well established, and partly responsible for the strength and relative stability of the Canadian economy, Governor Mark Carney of the Bank of Canada said today. “Over the past twenty years, Canadians have enjoyed a more stable and prosperous economic environment. Even during the recent crisis, […] -
November 17, 2011
Promoting Canada’s Economic and Financial Well-being in an Uncertain World
Deputy Governor Jean Boivin discusses the Bank of Canada’s current economic outlook, the road from recession to recovery, and the Bank’s four main responsibilities. -
November 17, 2011
Bank of Canada Review - Autumn 2011
This issue features four articles that present research and analysis by Bank staff. The first focuses on reforming the international monetary system; the second on the role of collateral and haircut policy in central bank lending; and the third on the extraction of information from the Business Outlook Survey using principal-component analysis. The fourth reviews studies that model the counterfeiting of bank notes.