March 18, 2008
Bank of Canada Announces First Recipient of Governor's Award
The Bank of Canada today announced that Professor Henry Siu of the University of British Columbia is the first recipient of the Governor's Award.
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March 14, 2008
The Bank of Canada Releases Its Annual Report for 2007
The Bank of Canada's Annual Report for 2007 was tabled in the House of Commons today. -
March 13, 2008
Addressing Financial Market Turbulence
Since last summer, many of us here today have been preoccupied with the ongoing dislocations in financial markets. What began in securities linked to U.S. subprime mortgages has spread to a broad range of structured assets, conventional credit markets, and, to a lesser extent, equities. -
March 12, 2008
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
Let me start by saying that the issue of internal trade barriers is critically important, and I'm very pleased, Mr. Chairman, that your committee is examining it. We have reviewed previous submissions to this committee, and you will see that our focus will be slightly different. -
March 11, 2008
Bank of Canada Announces New Term PRA Transactions as part of Co-ordinated G10 Central Bank Actions
Since the co-ordinated actions taken in December 2007, the G10 central banks have continued to work together closely and to consult regularly on liquidity pressures in funding markets. Pressures in some of these markets have recently increased again. -
March 4, 2008
Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent. -
February 26, 2008
Summary of Comments - 2008/09 Debt Strategy Consultations
Today, a Summary of Comments on the Debt Strategy Consultations for 2008/09 is being published on the Bank of Canada's website in conjunction with the release of the government's Debt Management Strategy for 2008/09 on the Department of Finance's website. -
February 26, 2008
Summary of Comments - 2008/09 Debt Strategy Consultations
In November 2007, officials from the Department of Finance and the Bank of Canada sought views from government securities distributors, institutional investors, and other interested parties on the design and operation of the Government of Canada domestic debt program for the fiscal year 2008/09 and beyond. -
February 18, 2008
The Implications of Globalization for the Economy and Public Policy
I chose to speak about globalization at the outset of my tenure because it will continue to be one of the forces shaping our economy and economic policy for years to come. Steady advances in transportation, communication, and information technologies, underpinned by the more widespread adoption of free-market economic policies, are shrinking the globe and expanding the global economy. -
January 30, 2008
Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology
To begin, as a little background I would like to quickly review the framework within which we conduct Canada's monetary policy. The Bank of Canada Act calls on us to mitigate "fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada."