February 18, 2009
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February 10, 2009
Opening Statement before the House of Commons Standing Committee on Finance
Let me state at the outset that the speed and synchronized nature of the recent global downturn has resulted in a heightened degree of uncertainty, which is evident in the diverse views on the outlook.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
January 22, 2009
Bank of Canada releases Monetary Policy Report Update
In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity.
Content Type(s):
Press,
Press releases
January 22, 2009
Release of the Monetary Policy Report Update
The outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
January 20, 2009
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1 per cent.
Content Type(s):
Press,
Press releases
January 8, 2009
Financial Stability through Sound Risk Management
The extraordinary turmoil of 2007 and 2008 has brought to the fore many issues and challenges, most of which will be with us for some time as we deal with what has become the deepest financial crisis since the 1930s. Policy-makers around the world have taken bold and timely steps to deal with the financial instability and economic crisis, but it will take time for confidence to be restored and for markets to become fully functional again.
Content Type(s):
Press,
Speeches and appearances,
Remarks
December 17, 2008
From Hindsight to Foresight
It has been a difficult year for capital markets professionals. The turmoil has deteriorated into a full-blown financial crisis. Most financial markets have experienced historic falls in prices, and some are strained to the point of closing.
Content Type(s):
Press,
Speeches and appearances,
Remarks
December 17, 2008
Governor Carney discusses key risks to financial system, advocates for macroprudential approach
While measures taken to address the global financial crisis will be successful, policy-makers need to improve their ability to detect the next crisis before it occurs, Bank of Canada Governor Mark Carney said today.
Content Type(s):
Press,
Press releases
December 9, 2008
Bank of Canada lowers overnight rate target by 3/4 percentage point to 1 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a percentage point to 1 1/2 per cent.
Content Type(s):
Press,
Press releases
November 24, 2008
Deputy Governor to leave Bank of Canada
The Bank of Canada announced today that Deputy Governor Sheryl Kennedy has decided to leave the Bank to pursue other interests.
Content Type(s):
Press,
Press releases