Press releases

The Bank of Canada today unveiled Canada's new $100 bank note, which will go into circulation beginning 17 March. The new note was unveiled in Halifax by the Honourable Robert Thibault, Member of Parliament for West Nova, Nova Scotia, David Dodge, Governor of the Bank of Canada, Marc Garneau, President of the Canadian Space Agency and former astronaut, and Daniel Gallivan, a member of the Board of Directors of the Bank of Canada.

The Bank of Canada today released its Update to the October Monetary Policy Report. This report discusses economic and financial trends in the context of Canada's inflation-control strategy.

Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 3/4 per cent.

The Bank of Canada today announced the appointment of Pierre Godin to the position of adviser. The appointment is for an 18-month period; Mr. Godin will be joining the Bank in mid-March.

Canada’s new $100 bank note will be unveiled on Wednesday, 28 January 2004, in Halifax. The first high denomination note in the Canadian Journey series will be unveiled by the Honourable John Efford, Minister of Natural Resources Canada, and David Dodge, Governor of the Bank of Canada.

Bank of Canada Governor David Dodge today reviewed the economic adjustments that Canadians made through the 1990s and talked about the adjustments that will be necessary in coming decades.

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent.

On the 25th anniversary of the end of wage and price controls under the Anti-Inflation Board, Governor David Dodge today explored the effects of low inflation on the performance of Canadian labour markets.

Bank of Canada Governor David Dodge corrects a misstatement he made in responding to a question yesterday relating to what he heard at the G-20 meeting about U.S. growth and how it might affect Bank of Canada projections.

Since the April Monetary Policy Report, the Canadian economy has been hit by a number of unusual shocks: SARS, BSE, the Ontario electricity blackout, and the severe forest fires in British Columbia.