May 8, 2000 Bank of Canada to Stop Issuing $1000 Note Media Relations The Bank of Canada announced today that, effective May 12, it will stop issuing $1000 bank notes and will begin to withdraw them from circulation. The announcement follows the federal government's approval of an amendment to the Bank of Canada Notes Regulations to eliminate the $1000 note as part of the fight against money laundering […] Content Type(s): Press, Press releases
May 4, 2000 Bank of Canada Governor Gordon Thiessen plans to retire on 31 January 2001 Ted Requard Bank of Canada Governor Gordon Thiessen has officially informed the Bank’s Board of Directors and staff that he will retire at the end of his term, effective 31 January 2001. Content Type(s): Press, Press releases
April 26, 2000 Bank of Canada Governor speaks to the Chambre de commerce régionale de Sainte-Foy Media Relations Sainte-Foy, Quebec Governor Gordon Thiessen today talked about the steps that Canada should take to preserve the current economic expansion and improve performance over the long run, in particular by reaping some of the potential gains from the technological revolution that is now sweeping the world. Content Type(s): Press, Press releases
April 26, 2000 The Canadian Economy: Charting a Course for the Future Remarks Gordon Thiessen Chambre de commerce régionale de Sainte-Foy Sainte-Foy, Quebec The 1990s was a difficult period for Canada and the Canadian economy. From the beginning of the decade, it was clear that we had to grapple with the problems that had been hampering our economic performance through most of the 1970s and 1980s. Content Type(s): Press, Speeches and appearances, Remarks
April 6, 2000 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Gordon Thiessen Standing Senate Committee on Banking, Trade and Commerce When I appeared before you last April, there was still a high degree of uncertainty in the global economy related to the 1997-98 financial crisis in emerging markets and the associated fall in world commodity prices. Content Type(s): Press, Speeches and appearances, Opening statements
March 22, 2000 Bank Rate Raised by ¼ Percentage Point to 5½ Per Cent Media Relations Ottawa, Ontario The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5½ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5¼ per cent. Content Type(s): Press, Press releases
March 9, 2000 The Conduct of Monetary Policy When You Live Next Door to a Large Neighbour Remarks Gordon Thiessen Canadian Society of New York New York, New York Both in Canada and elsewhere, much ink has been spilled over the past year on the pros and cons of different exchange rate regimes and the implications for monetary policy. Content Type(s): Press, Speeches and appearances, Remarks
March 9, 2000 Bank of Canada Governor speaks to the Canadian Society of New York Media Relations New York, New York In a speech today to the Canadian Society of New York, Bank of Canada Governor Gordon Thiessen talked about Canada’s experience with a floating exchange rate and an independent monetary policy, despite close integration with the much larger U.S. economy. Content Type(s): Press, Press releases
February 17, 2000 Bank of Canada Announces Appointments in Toronto and Montréal Media Relations To add to its presence in financial markets, the Bank of Canada has announced appointments to two new senior positions. Appointed are H. Ross MacKinnon as Director, Toronto Division and Jean-Pierre Aubry as Director, Montréal Division, both in the Financial Markets Department. In their new positions, Mr. MacKinnon and Mr. Aubry will contribute to the […] Content Type(s): Press, Press releases
February 16, 2000 Release of the Monetary Policy Report Update Opening statement Gordon Thiessen This morning, we released our update to the November 1999 Monetary Policy Report. It gives the Governing Council's latest outlook for the economy and for inflation. Information received since November confirms that our economy performed well last year - expanding by close to 4 per cent between the fourth quarter of 1998 and the fourth […] Content Type(s): Press, Speeches and appearances, Opening statements