September 13, 2004 Modifications to the minimum bidding requirements and the maximum bidding limit at auctions of non-fungible Cash Management Bills (CMBs). Effective September 15, for a trial period lasting at least 12 months, minimum bidding requirements and maximum bidding limits will be suspended for auctions of Cash Management Bills (CMBs) which are non-fungible (i.e., do not share a common maturity date with a previously-issued 3-, 6- or 12-month treasury bill). All other provisions of the Terms of Participation will continue to apply to auctions of non-fungible CMBs. Content Type(s): Press, Market notices
September 13, 2004 Exterior Glazing System Remediation Project Work on the Bank's Exterior Glazing System Remediation Project has recently begun. This project will involve replacing all the exterior windows and fixtures of the Head Office Towers. Content Type(s): Press, Market notices
September 8, 2004 Bank of Canada raises target for the overnight rate by 1/4 percentage point to 2 1/4 per cent 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 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent. Content Type(s): Press, Press releases
August 25, 2004 Bank of Canada Unveils New $20 Bank Note Media Relations Vancouver, British Columbia The Bank of Canada today unveiled Canada's new $20 bank note, the theme of which is Arts and Culture. The new note was unveiled at a ceremony in Vancouver by the Honourable John McCallum, Minister of National Revenue (by videotape), and Paul Jenkins, Senior Deputy Governor of the Bank of Canada. Content Type(s): Press, Press releases
August 18, 2004 Bank of Canada Announces Recipients of First Law-Enforcement Award of Excellence for Counterfeit Deterrence Media Relations Toronto, Ontario Three recipients, Detective Carmine Palermo, Detective Constable Thomas Hancock, and Detective Constable Harjit Sangha, of the Toronto Police Service (TPS) Fraud Squad, have been selected for their impressive initiative and creative work on "Project Greenback". This project resulted in the seizure of approximately $3 million in counterfeit bank notes, as well as the successful dismantling of multiple counterfeit production facilities in the Toronto area. Content Type(s): Press, Press releases
August 12, 2004 Canada's new $20 bank note to be unveiled on 25 August 2004 Media Relations Ottawa, Ontario Canada's new $20 bank note will be unveiled on Wednesday, 25 August 2004, in Vancouver, British Columbia. The new $20 bank note celebrates Canadian arts and culture and features the work of Bill Reid, one of Canada's most accomplished artists. Content Type(s): Press, Press releases
July 26, 2004 Bank of Canada supports the new International Journal of Central Banking Media Relations The Bank of Canada today announced plans to support the development of a new publication focused on central bank theory and practice and issued a call for research papers. The International Journal of Central Banking (IJCB) will be a joint project of the Bank for International Settlements (BIS), the European Central Bank, and each of the Group of Ten (G-10) central banks, with participation expected from other central banks. Content Type(s): Press, Press releases
July 22, 2004 Bank of Canada releases Monetary Policy Report Update Media Relations Ottawa, Ontario The Bank of Canada today released its Update to the April Monetary Policy Report. The Update discusses current economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Press releases
July 22, 2004 Release of the Monetary Policy Report Opening statement David Dodge Let me start with our outlook for inflation. Higher-than-expected world oil prices mean that total CPI inflation is likely to remain above 2 per cent through the rest of this year, before falling slightly below core inflation in the second half of 2005. Content Type(s): Press, Speeches and appearances, Opening statements
July 20, 2004 Bank of Canada keeps target for the overnight rate at 2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent. Content Type(s): Press, Press releases