November 22, 2002
Bank of Canada Announces Retirement of Deputy Governor Charles Freedman
Today, the Bank of Canada announced that Deputy Governor Charles (Chuck) Freedman will retire from the Bank effective 5 September 2003.
Ottawa, Ontario
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October 23, 2002
Bank of Canada releases its October Monetary Policy Report
Today, the Bank of Canada released its October Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. -
October 16, 2002
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. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent. -
September 4, 2002
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. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent. -
August 29, 2002
Bank of Canada releases 2003 schedule of dates for policy interest rate announcements
The Bank of Canada today released its 2003 schedule of eight dates for announcing decisions on its key policy interest rate and, at the same time, confirmed the announcement dates for the remainder of this year. -
July 16, 2002
Bank of Canada raises overnight rate target by 1/4 percentage point to 2 3/4 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 3/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 3 per cent. -
June 12, 2002
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of Andrew Spence to the visiting economist position of Special Adviser for a one-year term. Mr. Spence will be taking leave from his current position as Global Head, Currency and Credit Markets Research with TD Securities, as of September 2002. -
June 4, 2002
Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/2 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 3/4 per cent. -
May 14, 2002
International Financial Architecture and the Resolution of Financial Crises
The preamble to the Bank of Canada Act calls on us to promote the economic and financial welfare of Canada. In this context, we aim to foster good economic performance through monetary stability - that is to say, through low, stable, and predictable inflation. But no market economy can function properly unless it is also supported by an efficient and stable financial system. -
May 14, 2002
Bank of Canada Governor Reviews Progress in Strengthening International Financial Architecture and Resolving Financial Crises
Mr. Dodge stressed that in an interconnected world, Canada's open economy is very much affected by world events - hence, our strong interest in a healthy international financial environment.