December 23, 2013
Deputy Governor John Murray to Retire from the Bank of Canada
The Bank of Canada announced today that Deputy Governor John Murray will retire on 30 April 2014.
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December 12, 2013
Monetary Policy an Exercise in Risk Management, Says Bank of Canada Governor Stephen S. Poloz
The financial crisis and the considerable uncertainty that has ensued are leading to a progressive redefinition of central banking, Bank of Canada Governor Stephen S. Poloz said today in a speech to the Canadian Club of Montréal. “We assess how risks could interact with each other. We gauge their potential impact. And we use judgment […] -
December 12, 2013
Monetary Policy as Risk Management
Governor Stephen S. Poloz discusses how recent experience is leading to a progressive redefinition of central banking. -
December 10, 2013
Financial System Review - December 2013
There have been positive developments in the global financial system since the June Financial System Review, in part reflecting some encouraging signs about the global economy. At the same time, significant vulnerabilities remain. The Governing Council judges that the overall risk to the stability of Canada’s financial system has decreased from “high” to “elevated” over the past six months. -
December 5, 2013
Senior Deputy Governor Tiff Macklem will leave the Bank in May 2014
Senior Deputy Governor Tiff Macklem has announced that he will resign from the Bank of Canada next spring to become Dean of University of Toronto’s Rotman School of Management. -
December 4, 2013
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.