April 1, 1998 Bank of Canada Announces Appointment of Special AdviserProfessor 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.
February 24, 1998 Inflation-Control Targets ExtendedThe 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.
January 30, 1998 Bank Rate Raised to 5 Per CentThe Bank of Canada today raised its Bank Rate by ½ of one percentage point to 5 per cent.
December 30, 1997 Bank Releases Guideline for Regulatory Oversight Under Payment Clearing and Settlement ActThe Bank of Canada today released a guideline outlining how it intends to carry out its responsibilities under the Payment Clearing and Settlement Act (PCSA).
December 12, 1997 Bank Rate Raised to 4 1/2 Per CentThe Bank of Canada today raised its Bank rate by ½ of one percentage point to 4 ½ per cent.
November 27, 1997 Final report on wartime gold transactions releasedThe Bank of Canada today released a report by Professor Duncan McDowall of Carleton University entitled Due Diligence: A report on the Bank of Canada's handling of foreign gold during World War II.
The Bank of Canada today raised the Bank Rate by 1/4 of one percentage point to 4 per cent. The Bank's operating band for the overnight rate was similarly adjusted.
October 1, 1997 Bank Rate Raised by ¼ Percentage PointThe Bank of Canada today raised the Bank Rate and its operating band for the overnight rate by 1/4 of one percentage point.
September 8, 1997 Change in Issuance Pattern of Treasury Bills Beginning with the 16 September AuctionOn 5 August 1997, Secretary of State (International Financial Institutions) Jim Peterson announced on behalf of Finance Minister Paul Martin that beginning with the 16 September 1997 auction.
The Bank of Canada today released an interim report on the results of a search for records relating to wartime gold transactions.