December 8, 2010 Bank of Canada Announces Details of its Term Repo for Balance Sheet Management Purposes Operation Primary dealers are asked to submit their bids to the Bank of Canada between 09:15 and 09:30 (ET) on the day of the auction. The results of this operation will be announced on the Bank’s web site by 10:00 (ET). Winning bidders must notify the Bank of Canada of the securities that will be used in the operation by 11:00 (ET) on the day of the auction. Content Type(s): Press, Market notices
December 8, 2010 Bank of Canada Announces Closure of Optical Security Material Division and Sale of Related Assets Media Relations Ottawa, Ontario The Bank of Canada announced today that it is closing its Optical Security Material (OSM) division and selling all of its related assets. Content Type(s): Press, Press releases
December 7, 2010 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
November 18, 2010 Debt Management Strategy Consultations - 2011-12 The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues relating to the design and operation of the domestic Government of Canada debt program for 2011-12 and beyond. Content Type(s): Press, Market notices
November 18, 2010 Where the Economy and Finance Meet Remarks Jean Boivin Okanagan CFA Society and UBC Okanagan (Faculty of Management) Kelowna, British Columbia As the title of my speech suggests, I would like to discuss the connections between the real economy – the tangible world of jobs, goods and services – and the more intangible world of finance – of money flows, interest rates and the stock market. They have a long and eventful history. Content Type(s): Press, Speeches and appearances, Remarks
November 9, 2010 Looking Back, Moving Forward: Canada and Global Financial Reform Remarks Mark Carney International Center for Monetary and Banking Studies Geneva, Switzerland There is an old saying, “Knowledge is gained from experience, and experience is gained from mistakes.” In Canada, we made our mistakes early and often in the 1970s and 1980s. Our fiscal situation deteriorated sharply, inflation surged to double-digit levels, and a few small regional banks collapsed. Content Type(s): Press, Speeches and appearances, Remarks
November 9, 2010 Financial Reforms Should Support Economic Growth, Says Bank of Canada Governor Mark Carney Media Relations Geneva, Switzerland Canada fared relatively well during the global crisis, as a result of good policy and, in retrospect, some good fortune, Bank of Canada Governor Mark Carney said today in a speech to the International Center for Monetary and Banking Studies in Geneva, Switzerland. Content Type(s): Press, Press releases
November 4, 2010 Time change: Government of Canada 10 November 2010 2-year bond auction The Government of Canada 2-year bond auction scheduled for 10 November 2010 will be held at 10:30 (ET) instead of at the usual auction time of 12:00 (ET) Content Type(s): Press, Market notices
October 28, 2010 Change in Minimum Bank of Canada Nominal Bond Purchases at Auctions The Bank of Canada is increasing its purchases of nominal bonds at auctions to 15 per cent effective immediately. This will assist in bringing its holdings of Government of Canada securities more in line with the composition of the government's stock of nominal domestic marketable debt, consistent with the Bank of Canada's policy for managing its balance sheet. Content Type(s): Press, Market notices
October 27, 2010 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Mark Carney Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario We are pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Before I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, which was released last week. Content Type(s): Press, Speeches and appearances, Opening statements