March 5, 2008
July 18, 2007
Update on Selection Process for Governor of the Bank of Canada Released by the Special Committee of the Bank's Board of DirectorsIn accordance with the Bank of Canada Act, the Governor of the Bank of Canada is appointed by the independent directors with the approval of the Governor in Council (federal Cabinet). Following an announcement on 25 April 2007 that the current Governor, Mr. David Dodge, would not be seeking reappointment at the end of his seven year mandate on 31 January 2008, the Bank's Board of Directors initiated a process to find a replacement.
June 22, 2007 The principal mission of the Bank of Canada is the formulation and implementation of Canada's national monetary policy to promote the economic and financial welfare of the country.
May 1, 2003 Effective 15 May 2003 the following changes will be made to the Bank of Canada Commodity Price Index (BCPI).
March 29, 2001
Changes to certain Bank of Canada operational procedures relating to the Large Value Transfer System and the use of purchases and sales of bankers' acceptances in managing the Bank of Canada's balance sheetThe Bank of Canada is changing two of its operational procedures relating to the Large Value Transfer System (LVTS), effective 2 April 2001.
February 27, 2001 As it has done in the Fall of previous years, the Department of Finance jointly with the Bank of Canada held consultations with market participants on issues relating to the design and operation of government debt programs in 2001-2002.
January 25, 2001 Today, the Group of Ten released its Report on Financial Sector Consolidation
November 29, 2000 On behalf of the Minister of Finance, the Bank of Canada announced today that the government will be proceeding on a pilot basis with a bond buyback program for cash management purposes. The program is designed to reduce the peak levels of government cash balances needed to redeem large upcoming maturities of Government of Canada marketable bonds. Design of the operational framework has been based on consultations with market participants.
June 15, 2000 The strip bond sub-committee of the Investment Dealers Association (IDA), in a letter dated June 23, 1999, has recommended that “the current ceiling on reconstitution of bonds should be removed to allow reconstitution beyond the quantity stripped by book entry, which at times may be beyond the original issue size”.