October 30, 2000
Ottawa, Ontario
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September 26, 2000
Bank of Canada to issue new bank notes
The Bank of Canada will issue a new series of bank notes beginning in January 2001 to further enhance the security of Canada's currency.
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September 19, 2000
Bank of Canada to adopt fixed dates for announcing Bank Rate changes
The Bank of Canada today outlined details of its plan to adopt a system of eight “fixed” or pre-specified dates each year for announcing any changes to the official interest rate it uses to implement monetary policy—the rate of interest it charges on short-term loans to financial institutions. -
May 17, 2000
Bank of Canada Raises Target Overnight Rate by ½ Percentage Point to 5¾ Per Cent
The Bank of Canada raised its target for the overnight rate by one-half of one percentage point to 5¾ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank Rate is now 6 per cent. -
March 22, 2000
Bank Rate Raised by ¼ Percentage Point to 5½ Per Cent
The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5½ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5¼ per cent. -
February 3, 2000
Bank Rate Raised by 1/4 Percentage Point to 5 1/4 Per Cent
The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5¼ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5 per cent. -
November 17, 1999
Bank Rate Raised by ¼ Percentage Point to 5 Per Cent
The Bank of Canada today raised its Bank Rate by ¼ of one percentage point to 5 per cent. -
May 4, 1999
Bank Rate Lowered by ¼ Percentage Point to 4¾ Per Cent
The Bank of Canada today lowered its Bank Rate by ¼ of one per cent to 4¾ per cent. -
March 31, 1999
Bank Rate Lowered by ¼ Percentage Point to 5 Per Cent
The Bank of Canada today lowered its Bank Rate by ¼ of one per cent to 5 per cent. The associated operating band for overnight interest rates was similarly reduced. -
January 28, 1999
Bank of Canada Welcomes Canada's New Funds Transfer System
The Bank of Canada today welcomed the announcement by the Canadian Payments Association that full operation of the Large Value Transfer System (LVTS) will begin on 4 February 1999.