June 26, 2001
Uncategorized
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May 29, 2001
Bank of Canada lowers key policy rate by 1/4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is reduced by one-quarter of one percentage point to 4 3/4 per cent. -
May 1, 2001
Opening Statement before the House of Commons Standing Committee on Finance
The Report provides our latest assessment of the outlook for economic growth and inflation in Canada. Before I give you a flavour of that assessment, I would like to say a word about the objective of Canadian monetary policy and how we go about achieving it. -
May 1, 2001
Monetary Policy Report - May 2001
At the time of the November 2000 Monetary Policy Report, although signs of the anticipated slowing of the U.S. economy were becoming apparent, the momentum of the global economy was considered strong. -
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May 1, 2001
Renewal of the Inflation-Control Target (May 2001)
Commentary relating to the 2001 target renewal. -
May 1, 2001
Release of the Monetary Policy Report
This morning, we released our spring 2001 Monetary Policy Report. In the six months since the November 2000 Report, the pace of economic expansion in Canada has slackened, primarily because the economic slowdown in the United States has been more pronounced than anticipated. The extent of the easing in economic activity in Canada is the […] -
April 20, 2001
The Bank of Canada's Contribution to the Economic Well-Being of Canadians
The Bank of Canada has a commitment to contribute to the economic well-being of Canadians. In other words, we must conduct monetary policy so that it fosters sustained economic growth. Fundamentally, this means creating conditions that favour rising employment and incomes, strong investment, and a more stable macroeconomic environment. -
April 17, 2001
Bank of Canada lowers Bank Rate by 1/4 per cent
The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 per cent. The operating band for the overnight rate* is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 4 3/4 per cent.