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The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

Results of the Term Repo Operation for Balance Sheet Management Purposes

The Bank of Canada announced today that it will conduct a Term Repo Operation for Balance Sheet Management Purposes.

I know that risk is ever-present in your work, as you fulfill your commitments to the beneficiaries and sponsors of your pension plans. Important risks surround the investment performance of those plans, as well as the value of pension liabilities.

Governor Mark Carney discusses the forces that are transforming the global economic landscape and their implications for the Canadian economy.

While Canada’s economy remains relatively well positioned, it is being buffeted by a significant transformation of the global economy, which is driven by a combination of secular trends and cyclical forces, Bank of Canada Governor Mark Carney said.

Mark Carney, Governor of the Bank of Canada, comments on “Monetary Policy and Resource Mobility,” a paper by Carl E. Walsh

As anticipated in January, the global economic recovery is becoming more firmly entrenched and is expected to continue at a steady pace. In the United States, growth is solidifying, although consolidation of household and ultimately government balance sheets will limit the pace of the expansion.