Browse press

The Canadian economy continues to grow at a solid pace, supported by robust global growth, firm commodity prices, and strong domestic demand. At the same time, global competition and the past appreciation of the Canadian dollar continue to pose challenges for a number of sectors.

The Bank of Canada today released its April Monetary Policy Report (MPR), which discusses current economic and financial trends in the context of Canada's inflation-control strategy.

The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 per cent.

In December 2005, the Bank of Canada sent those banks that are members of the Canadian Foreign Exchange Committee (CFEC) a questionnaire that focused on the foreign exchange hedging activities of their corporate customers.

Today, a Summary of Comments/Debt Strategy 2006/07 is being published on the Bank's website in conjunction with the release of the government's Debt Management Strategy for 2006/07 on the Department of Finance's website.

The Bank of Canada today expressed its satisfaction with the successful investigation by the RCMP and the Ottawa Police Service of an incidence of fraudulent activity related to a small number of Canada Savings Bond Payroll Savings Program accounts.

The ultimate goal of Canadian monetary policy is to help our economy achieve its maximum sustainable growth, and thus contribute to rising living standards for Canadians. The best way to achieve this goal, we've learned from experience, is to keep inflation low, stable, and predictable.

The Bank of Canada today announced that it will issue a $5 note with upgraded security features beginning 15 November 2006 as part of its ongoing effort to improve the security of Canadian bank notes.

The world needs an international institution to promote a new monetary order—a well-functioning, market-based global financial system. This will be the subject of my remarks today.

These imbalances reflect the financial flows associated with mismatches in savings and investment on a global scale. Since the late 1990s, many economies outside the United States have increased their net national savings.