News

The Bank of Canada today announced the appointment of Pierre Godin to the position of adviser. The appointment is for an 18-month period; Mr. Godin will be joining the Bank in mid-March.

Canada’s new $100 bank note will be unveiled on Wednesday, 28 January 2004, in Halifax. The first high denomination note in the Canadian Journey series will be unveiled by the Honourable John Efford, Minister of Natural Resources Canada, and David Dodge, Governor of the Bank of Canada.

When giving a speech near the end of a year, it is common practice to look back over the past 12 months, consider what we have learned from the events and experiences of the year, and think a bit about what might lie ahead. I became Governor of the Bank of Canada in 2001 and, since that time, I have found myself saying at the end of each year, "Well, we won't see another year like that again."

Bank of Canada Governor David Dodge today reviewed the economic adjustments that Canadians made through the 1990s and talked about the adjustments that will be necessary in coming decades.

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent.