June 10, 2010 Bank of Canada Governor Mark Carney Outlines Core G-20 Agenda to Reduce Systemic Risk Media Relations Montréal, Quebec G-20 leaders are working towards global reforms that will put the world’s financial system on a more solid footing, Bank of Canada Governor Mark Carney said today. Content Type(s): Press, Press releases
June 10, 2010 The G-20’s Core Agenda to Reduce Systemic Risk Remarks Mark Carney International Organization of Securities Commissions (IOSCO) Montréal, Quebec Given this failure, the G-20’s agenda to reshape the global financial system is comprehensive and radical. The coming weeks and months will be pivotal to its success. The time for debate and discussion is drawing to a close. Policymakers now need to decide and to implement. Content Type(s): Press, Speeches and appearances, Remarks
June 1, 2010 Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. Content Type(s): Press, Press releases
June 1, 2010 Re-Establishment of the Standard Operating Framework for the Implementation of Monetary Policy Media Relations Ottawa, Ontario As part of the Bank of Canada's interest rate decision on 1 June 2010, the Bank will re-establish the standard operating framework for the implementation of monetary policy. Content Type(s): Press, Press releases
May 26, 2010 Senate Committee on National Finance Opening statement Pierre Duguay Senate Committee on National Finance Ottawa, Ontario At year-end 2009, there were 1.8 billion bank notes in circulation, with a total value of $55.5 billion – approximately $1,630 per Canadian. The Bank of Canada is not responsible for coins. Decisions on coinage rest with the federal government, in particular, the Department of Finance, and with the Royal Canadian Mint. Content Type(s): Press, Speeches and appearances, Opening statements
May 17, 2010 Bank of Canada and U.S. Federal Reserve Publish Text of Swap Arrangement Further to the 9 May 2010 announcement that the Bank of Canada and the U.S. Federal Reserve have agreed to the re-establishment of the US$30 billion swap facility (reciprocal currency arrangement), the Bank of Canada and the U.S. Federal Reserve today published the text of that swap arrangement. Content Type(s): Press, Market notices
May 14, 2010 17th Annual Meetings of Gouverneurs des banques centrales des pays francophones Media Relations Ottawa, Ontario As part of events related to its 75th anniversary, the Bank of Canada hosted the 17th annual meetings of Gouverneurs des banques centrales des pays francophones in Montréal from 12 to 14 May 2010. Content Type(s): Press, Press releases
May 9, 2010 Bank of Canada Announces Swap Facility with U.S. Federal Reserve as part of Coordinated Central Bank Actions In response to the re-emergence of strains in U.S. dollar short-term funding markets in Europe, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing the re-establishment of temporary U.S. dollar liquidity swap facilities. Content Type(s): Press, Market notices
May 7, 2010 The New Bank of Canada Commodity Price Index (BCPI) Media Relations Ottawa, Ontario The Bank of Canada today announced the introduction of a new Bank of Canada commodity price index (BCPI). Content Type(s): Press, Press releases
May 6, 2010 Is There a Commodity Curse? Lessons from the Past Remarks John Murray University of Alberta Institute for Public Economics and C.D. Howe Institute Edmonton, Alberta As the title of the conference suggests, we have seen many boom-and-bust cycles in the commodity sector. This raises one obvious and central question: How can we avoid them in the future? Content Type(s): Press, Speeches and appearances, Remarks