June 11, 2002
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June 11, 2002
Bank of Canada Governor says trust and transparency crucial for financial markets
Canadian financial markets need trust and transparency to operate most efficiently, Bank of Canada Governor David Dodge said today in a speech to the Greater Halifax Partnership. Mr. Dodge said that the Bank of Canada's reliance on trust and transparency shows why these qualities are also important to the private sector.
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Press,
Press releases
June 10, 2002
A consultation document on issues relating to the design and operation of the government debt programs for fiscal year 2002/03 and beyond, prepared jointly by the Department of Finance and the Bank of Canada as its fiscal agent, is being made public today.
Summer Consultations - Market Views Sought on Issues Relating to the Design and Operation of Government Debt Programs over 2002/03 and Beyond
Content Type(s):
Press,
Market notices
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.
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May 24, 2002
Convocation address
Remarks
David Dodge
Graduating class of the Faculty of Engineering Queen's University
Kingston, Ontario
Queen's motto is Sapientia et Doctrina Stabilitas, which we generally translate as "Wisdom and knowledge shall be the strength of thy times." This motto is especially pertinent to you as engineers graduating today.
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Speeches and appearances,
Remarks
May 14, 2002
International Financial Architecture and the Resolution of Financial Crises
Remarks
David Dodge
Canadian Club of Ottawa and the Canadian Institute of International Affairs
Ottawa, Ontario
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.
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Speeches and appearances,
Remarks
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.
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Press,
Press releases
May 9, 2002
Canadian Consul General's residence
In Canada, the economic weakness that we experienced was really concentrated in the third quarter of last year, particularly in September. The terrorist attacks in September created a great deal of uncertainty, and so the Bank of Canada, like the U.S. Federal Reserve, provided an extraordinary amount of stimulus by aggressively lowering interest rates.
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Speeches and appearances,
Remarks
April 30, 2002
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
To counter that uncertainty and bolster consumer and business confidence, the Bank of Canada moved aggressively to provide monetary stimulus. Between last September and January 2002, we lowered interest rates by 200 basis points, bringing the total reduction since January 2001 to 375 basis points.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
April 26, 2002
The Interaction Between Monetary and Fiscal Policies
Donald Gow had a great interest in public administration and in budgetary reform in the federal government.1 He was one in a long line of Queen's professors who have focused on various budgetary matters at the federal level.
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Speeches and appearances,
Lectures