In light of this morning’s incident in downtown Ottawa, the Bank of Canada is cancelling its press conference on the October Monetary Policy Report. The Governor’s Opening Statement will be published on the Bank’s website at 11:15 AM today. We will provide more details as soon as they become available.
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.
As part of an exercise to test the operational readiness of existing standing swap arrangements with other central banks, the Bank of Canada will conduct a small-value Canadian-dollar operation with the European Central Bank, drawing euros against Canadian dollars.
Stephen S. Poloz, Governor of the Bank of Canada, has authored a discussion paper entitled “Integrating Uncertainty and Monetary Policy-Making: A Practitioner’s Perspective.” The paper explains how central bankers are supplementing economic models and adopting a risk-management approach to integrate uncertainty in their policy decisions.
Deputy Governor Timothy Lane discusses how the economic ties between Canada and the United States are evolving as the recovery from the 2008-09 financial crisis continues.
The underwhelming recovery from the global financial crisis has challenged policy-makers to better understand the factors weighing on growth and to deal with greater uncertainty, Bank of Canada Senior Deputy Governor Carolyn Wilkins said in Toronto today. To conduct monetary policy, the Bank needs to assess how much of the slow growth is due to […]
Senior Deputy Governor Carolyn Wilkins discusses the structural and cyclical factors underlying the underwhelming economic recovery and the implications for monetary policy.