May 13, 1998
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April 23, 1998
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
My colleagues and I look forward to our yearly appearance before your committee because it gives us an opportunity to present an account of how the Bank has worked to fulfil its objectives over the past year. It is also an opportunity for a discussion with you on a range of economic and monetary issues. […]
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April 8, 1998
Second Discussion Paper Released on Government of Canada - Debt Auction Process
A second discussion paper outlining proposed changes in the rules for, and the surveillance of, auctions of Government of Canada securities was released for public comment today by the Bank of Canada.
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Press releases
April 1, 1998
Bank of Canada Announces Appointment of Special Adviser
Professor David Laidler of the University of Western Ontario has been chosen to fill the newly-created visiting economist position of Special Adviser in the Bank of Canada for a one-year term beginning in August 1998.
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March 25, 1998
The Future Performance of the Canadian Economy
It can take anywhere from one to two years for monetary actions to have their full effect on the economy. Because of this, the conduct of monetary policy must be based on a view of what the economy will be like - not tomorrow, not in a month - but rather in one to two years' time.
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Speeches and appearances,
Remarks
February 24, 1998
Inflation-Control Targets Extended
The Bank of Canada today released a joint statement of the Government of Canada and the Bank of Canada on the extension of the inflation-control targets.
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February 5, 1998
International developments and the prospects for the Canadian economy
A year ago, in early 1997, prospects for global economic growth were very promising. World economic activity had strengthened and was expected to accelerate further, with the benefit of low inflation, reduced fiscal imbalances, and stable or declining interest rates. In Canada too, output and employment growth had picked up.
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Speeches and appearances,
Remarks
January 30, 1998
Bank Rate Raised to 5 Per Cent
The Bank of Canada today raised its Bank Rate by ½ of one percentage point to 5 per cent.
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Press,
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December 30, 1997
Bank Releases Guideline for Regulatory Oversight Under Payment Clearing and Settlement Act
The Bank of Canada today released a guideline outlining how it intends to carry out its responsibilities under the Payment Clearing and Settlement Act (PCSA).
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December 12, 1997
Bank Rate Raised to 4 1/2 Per Cent
The Bank of Canada today raised its Bank rate by ½ of one percentage point to 4 ½ per cent.
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Press releases