Media Relations - Latest

• September 17, 2001

  Change announced for scheduled Board meeting and speech

  Media Relations

  This week's meeting of the Bank of Canada Board of Directors scheduled for Moncton will now take place in Ottawa. The next regularly scheduled meeting of the Board in late October will be held in Moncton.

  Content Type(s): Press, Press releases
• September 17, 2001

  Bank of Canada lowers key policy interest rate by 1/2 percentage point to 3 1/2 per cent

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases
• September 14, 2001

  Bank of Canada update on financial markets to 14 September

  Media Relations

  Canada's payments, clearing and settlement systems have functioned well this week. The Bank of Canada continues to provide liquidity as needed. Trading activity in Canadian bond and money markets has increased since Wednesday and bid-ask spreads have narrowed, while activity in the foreign exchange markets has been very subdued.

  Content Type(s): Press, Press releases
• September 14, 2001

  Swap Facility with U.S. Federal Reserve

  Media Relations

  The Bank of Canada and the U.S. Federal Reserve have agreed to a temporary augmentation of their existing swap facility in order to facilitate the functioning of financial markets and provide liquidity in U.S. dollars.

  Content Type(s): Press, Press releases
• September 12, 2001

  Bank of Canada update on financial markets

  Media Relations

  Canada's payments, clearing and settlement systems are functioning well, with the Bank of Canada providing ample liquidity. Equity and futures markets were closed today, but Canadian bond, money and foreign exchange markets were open, with very light trading volumes.

  Content Type(s): Press, Press releases
• September 11, 2001

  Bank of Canada statement

  Media Relations

  In light of the tragic events in the United States, the Bank of Canada would like to assure the public that it will provide the liquidity necessary to support the stability of the Canadian financial system and the continued functioning of financial markets.

  Content Type(s): Press, Press releases
• August 28, 2001

  Bank of Canada lowers key policy interest rate by 1/4 percentage point to 4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-quarter of one percentage point to 4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 4 1/4 per cent. With today's action, the total reduction in interest rates by the Bank this year amounts to 1 3/4 percentage points.

  Content Type(s): Press, Press releases
• August 1, 2001

  Bank of Canada releases Monetary Policy Report Update

  Media Relations

  The Bank of Canada today released its Update to the May Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Press releases
• July 18, 2001

  Sheryl Kennedy Named Deputy Governor, Financial Markets

  Media Relations

  Sheryl Kennedy, Deputy Governor of the Bank of Canada, has been asked by the Bank's Board of Directors to serve as Deputy Governor, Financial Markets. She takes over the responsibilities formerly carried out by Tim Noël, who passed away last week.

  Content Type(s): Press, Press releases
• July 17, 2001

  Bank of Canada lowers key policy interest rate by 1/4 percentage point to 4 1/4 per cent

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases