January 23, 2003 The Bank of Canada today released its Update to the October Monetary Policy Report.
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January 23, 2003 Core inflation has been higher than anticipated in recent months. This reflects not only a stronger-than-expected increase in premiums for auto and home insurance, but also some broadening of price pressures resulting from strong demand in the economy.
January 21, 2003 The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent.
January 13, 2003
Senior Deputy Governor Malcolm Knight appointed new General Manager of the Bank for International SettlementsThe Board of Directors of the Bank for International Settlements (BIS), based in Switzerland, announced today the appointment of Malcolm Knight as the new General Manager of the BIS, beginning in April 2003.
December 3, 2002 The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent.
December 2, 2002
Change to Bank of Canada Interest Rate Spread for Items Cleared through the Automated Clearing Settlement System (ACSS)The Canadian Payments Association introduced the Large Value Transfer System, an electronic system for the transfer of payments, on 4 February 1999. Virtually all of the value of public sector payment flows and most payments related to wholesale market transactions now move through the LVTS.
November 25, 2002
Debt-Strategy Consultations 2003/04 - Views Sought on Issues Relating to the Design and Operation of Government Debt Programs in 2003/04 and BeyondA consultation document on issues relating to the design and operation of government debt programs for fiscal year 2003/04 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, was published today. Debt-strategy planning is based on the fiscal outlook in the 2002 Economic and Fiscal Update released 30 October 2002, which projects that government borrowing in financial markets will remain near current levels.
November 25, 2002 Effective 9 December 2002, the turnaround time for Government of Canada securities auctions will be reduced from 15 minutes to 10 minutes, and the turnaround time for repurchase operations will be reduced from 30 minutes to 15 minutes. Coincident with these changes, the submission deadline for buybacks on a cash basis will be advanced from 1:15 p.m to 1:00 p.m.
November 22, 2002 Today, the Bank of Canada announced that Deputy Governor Charles (Chuck) Freedman will retire from the Bank effective 5 September 2003.
November 18, 2002 In a speech to the Calgary Chamber of Commerce, Bank of Canada Governor David Dodge today outlined some of the ways in which the central bank contributes to Canada's economic and financial welfare.