May 18, 2004
Town Hall Meeting
As you know, many institutions, both governmental and private, are currently concerned about governance structures, accountability and rules of behaviour.
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent.