December 13, 2007
Results of the 13 December 2007 Term PRA Transaction
The results of today's term PRA operations
Press
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December 12, 2007
Expansion of List of Securities Eligible as Collateral for Use Under Bank of Canada Standing Liquidity Facility
Under its Standing Liquidity Facility (SLF), the Bank of Canada is prepared to provide liquidity on a daily basis to financial institutions that participate directly in the payments systems operated by the Canadian Payments Association. Loans made by the Bank of Canada must be fully collateralized. -
December 12, 2007
Bank of Canada Temporarily Expands List of Securities Eligible for Term PRA Transactions
Today, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing measures designed to address elevated pressures in short-term funding markets. -
December 10, 2007
Reflections on Developments in the Canadian Financial System
It has become a tradition that I deliver a speech late in the year on issues related to the financial system. When I say "financial system," I mean financial institutions and markets, together with the clearing and settlement systems through which financial assets flow. -
December 10, 2007
Governor Dodge Says Transparency Essential for Financial Market Efficiency
Recent market events have shown how important it is to have appropriate levels of transparency and disclosure of information for financial markets to function well, Bank of Canada Governor David Dodge said today. -
December 6, 2007
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
In Canada, we were looking for weaker economic growth in the fourth quarter of this year and the first half of 2008, but some strengthening thereafter. As you can see from Table 2, we were expecting continued strong final domestic demand throughout the projection period, but considerably weaker net exports. -
December 5, 2007
Opening Statement before the House of Commons Standing Committee on Finance
Over time, it has become clear that the best contribution monetary policy can make to the promotion of the economic and financial welfare of Canada is to keep inflation low, stable, and predictable. -
December 4, 2007
Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 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 1/4 per cent. -
November 20, 2007
Managing Risks to Financial System Stability
The recent dislocations in credit markets have brought these issues into sharp focus. Among other things, the market turbulence has highlighted the critical role that confidence and liquidity play in financial markets. -
November 15, 2007
Debt Strategy Consultations 2008/09 Views Sought on Issues Relating to the Government's Domestic Debt Program for 2008/09 and Beyond
A consultation document on issues relating to the design and operation of the government's domestic debt program for the fiscal year 2008/09 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today.