Uncategorized
-
-
December 18, 2003
Debt Strategy 2004/05 Consultation Document
The purpose of the consultations is to obtain the views of market participants on issues relating to the design and operation of the Government of Canada domestic debt programs for fiscal year 2004/05 and beyond. -
December 18, 2003
Debt Strategy Consultations 2004/05 - Views Sought on Issues Relating to the Design and Operation of Government Domestic Debt Programs in 2004/05 and Beyond
A consultation document on issues relating to the design and operation of the government's domestic debt programs for fiscal year 2004/05 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today. -
December 8, 2003
Past Adjustments and Future Trends in the Canadian Economy
When giving a speech near the end of a year, it is common practice to look back over the past 12 months, consider what we have learned from the events and experiences of the year, and think a bit about what might lie ahead. I became Governor of the Bank of Canada in 2001 and, since that time, I have found myself saying at the end of each year, "Well, we won't see another year like that again." -
December 2, 2003
Bank of Canada keeps target for the overnight rate at 2 3/4 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. -
December 1, 2003
The Evolving Financial System and Public Policy
Proceedings of a conference held by the Bank of Canada, December 2003 (proceedings volume, available in electronic format only) -
November 20, 2003
Technical Note: Elimination of Retroactive Settlement in the ACSS
Effective 1 November 2003, the Bank of Canada abandoned its practice of backdating the results of settlement of payments through the Automated Clearing Settlement System (ACSS). It has adopted instead a system of "next-day" settlement under which the results of the settlement process will appear on the central bank's books on the day the items actually settle in the ACSS. Since July 1986, settlement of these items had occurred at noon the day after items were presented for clearing, but the results were recognized on the Bank's books the previous day, through backdating, or "retroactive" settlement. The new system should simplify the payments process and improve the reporting of settlement risk, as well as promote cost-effectiveness within the payments systems. ACSS participants have agreed among themselves to implement an interest-compensation mechanism in order to avoid imposing a float charge on their customer base. -
November 20, 2003
Low and Predictable Inflation and the Performance of Canadian Labour Markets
The goal of Canadian monetary policy is to contribute to solid economic performance and rising living standards. The best way we can do this is by keeping inflation low, stable, and predictable. This has important implications for labour market performance. -
November 17, 2003
Global Challenges, Canadian Opportunities
It is certainly nothing new to say that economies have become increasingly globalized. In his 1962 book, The Gutenberg Galaxy, Marshall McLuhan observed that the electronic mass media were collapsing time and space barriers. This enabled people to communicate on a global scale. He coined the term "global village" to describe this change. -
November 3, 2003
On Economic Education
The program this evening focuses on the value of public service and the importance of economic and financial literacy for the well-being of Canadians. These two themes have special significance for me, as my career has involved time spent in the public service as well as teaching.