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September 14, 2010
Bundesbank Lecture 2010: The Economic Consequences of the Reforms
Keynes wrote prophetically of the economic consequences of the Treaty of Versailles. Could the same be said of current financial reforms? Are policy-makers taking for granted the essential role performed by finance in a vain pursuit of its risk-proofing? -
September 10, 2010
Restoring Faith in the International Monetary System
We are three years into the global financial crisis, and its dynamics still dominate the economic outlook. In particular, broad forces of bank, household, and sovereign deleveraging can be expected to add to the variability and temper the pace of global economic growth in the years ahead. -
September 8, 2010
Bank of Canada increases overnight rate target to 1 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. -
August 24, 2010
Re-examining Canada’s Monetary Policy Framework: Recent Research and Outstanding Issues
I am honoured to address members of the Canadian Association for Business Economics. My remarks today will focus on critical issues that the Bank of Canada has studied over the past four years and how this research will inform our work as we move forward post crisis. -
August 18, 2010
Strengthening International Capital and Liquidity Standards: A Macroeconomic Impact Assessment for Canada
G-20 leaders have agreed on comprehensive financial sector reforms to reduce the risk of future crises and to strengthen banking systems. Raising the amount and quality of capital and liquidity that financial institutions must carry is a central component of the reforms. The G-20 is developing a set of proposals for agreement by leaders at […] -
July 29, 2010
Bank of Canada Releases 2011 Schedule of Dates for Its Policy Interest Rate Announcements
The Bank of Canada today released its 2011 schedule of eight dates for announcing decisions on its key policy interest rate and confirmed the announcement dates for the remainder of this year. -
July 28, 2010
Due Diligence: A Report on the Bank of Canada's Handling of Foreign Gold during World War II
Report commissioned by the Bank, written by Professor Duncan McDowall of Carleton University and released in November 1997. The Bank also released a search aid for related files in its archives and for Department of Finance documents. -
July 27, 2010
Planning an Evolution: The Story of the Canadian Payments Association, 1980-2002
by James F. Dingle. Outlines the history of the Association and its role in moving Canada's payments system from paper to electronic media. -
July 22, 2010
Release of the Monetary Policy Report
The global economic recovery is proceeding but is not yet self-sustaining. A greater emphasis on balance sheet repair by households, banks, and governments in a number of advanced economies is expected to temper the pace of global growth relative to the Bank’s outlook in April.