October 4, 2001
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October 1, 2001
Bank of Canada releases 2002 schedule of dates for policy interest rate announcements
The Bank of Canada today released its schedule of eight dates for announcing decisions on its key policy interest rate for 2002.
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September 24, 2001
In the discussion paper titled "Proposed repurchase program for the Bank of Canada's holdings of Government of Canada securities", comments on the Bank's proposal were requested by the end of September. Please note that this comment period has been extended to the end of October.
Revised comment period for the discussion paper on the Bank's repurchase program
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September 21, 2001
Current Developments in the Canadian Economy
Remarks
David Dodge
Right now, last week's tragic events in the United States are uppermost in people's minds. Like millions of people around the globe, Canadians are very concerned about the situation. We all share in the sheer horror of what has happened.
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September 21, 2001
Opening Statement by David Dodge, Governor of the Bank of Canada
Opening statement
David Dodge
Today, we released a section of the speech that I was to give in Moncton two days ago. It deals with current economic developments. The speech was postponed in light of last week's tragic events in the United States.
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September 17, 2001
Change announced for scheduled Board meeting and speech
This week's meeting of the Bank of Canada Board of Directors scheduled for Moncton will now take place in Ottawa. The next regularly scheduled meeting of the Board in late October will be held in Moncton.
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September 17, 2001
Bank of Canada lowers key policy interest rate by 1/2 percentage point to 3 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 3/4 per cent.
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September 14, 2001
Bank of Canada update on financial markets to 14 September
Canada's payments, clearing and settlement systems have functioned well this week. The Bank of Canada continues to provide liquidity as needed. Trading activity in Canadian bond and money markets has increased since Wednesday and bid-ask spreads have narrowed, while activity in the foreign exchange markets has been very subdued.
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September 14, 2001
Swap Facility with U.S. Federal Reserve
The Bank of Canada and the U.S. Federal Reserve have agreed to a temporary augmentation of their existing swap facility in order to facilitate the functioning of financial markets and provide liquidity in U.S. dollars.
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September 12, 2001
Bank of Canada update on financial markets
Canada's payments, clearing and settlement systems are functioning well, with the Bank of Canada providing ample liquidity. Equity and futures markets were closed today, but Canadian bond, money and foreign exchange markets were open, with very light trading volumes.
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