May 30, 2018 Bank of Canada maintains overnight rate target at 1¼ per cent Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 per cent. Content Type(s): Press, Press releases
April 25, 2006 Bank of Canada raises overnight rate target by 1/4 percentage point to 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 4 per cent. Content Type(s): Press, Press releases
September 3, 2003 Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 2 3/4 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 2 3/4 per cent. Content Type(s): Press, Press releases
November 7, 2001 Opening Statement before the House of Commons Standing Committee on Finance Opening statement David Dodge House of Commons Standing Committee on Finance Right now, all national economies face difficulties - difficulties stemming from the further weakening of the world economy and from the terrorist acts in the United States. As businesses, governments, and individuals in Canada - and around the world - strive to come to terms with the implications of those acts, the main preoccupation is, naturally, with the near term. Content Type(s): Press, Speeches and appearances, Opening statements
November 6, 2007 North America in Today's Global Economic Setting Remarks Paul Jenkins Canadian Association of New York New York, New York In recent months, much has been said, and written, about developments in financial markets. The turbulence in global credit markets, which had its roots in developments in the market for subprime mortgages here in the United States, has been a focal point of attention for market participants and policy-makers around the world. Content Type(s): Press, Speeches and appearances, Remarks
May 27, 1998 Globalized Financial Markets and Monetary Policy Remarks Gordon Thiessen La Conférence de Montréal Montréal, Quebec Globalization - that is, the growing integration and interdependence of national economies - is changing dramatically the economic landscape. Countries are trading more goods and services, an increasing number of firms now operate across national borders, and savers and borrowers have greater access than ever before to global financial markets. Content Type(s): Press, Speeches and appearances, Remarks
November 30, 2021 Research Update - November 2021 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
Expropriation Risk and FDI in Developing Countries: Does Return of Capital Dominate Return on Capital? Staff working paper 2017-9 M. Akhtaruzzaman, Nathan Berg, Christopher Hajzler Previously reported effects of institutional quality and political risks on foreign direct investment (FDI) are mixed and, therefore, difficult to interpret. We present empirical evidence suggesting a relatively clear, statistically robust, and intuitive characterization. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D2, D23, F, F2, F21, F23 Research Theme(s): Financial system, Financial stability and systemic risk, Structural challenges, International trade, finance and competitiveness
December 11, 2012 Central Bank Policy Guidance May Be Most Useful in Extraordinary Times, Says Bank of Canada Governor Mark Carney Media Relations Toronto, Ontario While transparency is critical to well-functioning capital markets and effective monetary policy, forward policy guidance is best used sparingly by central banks in normal times, Bank of Canada Governor Mark Carney said today. In a speech to the Toronto CFA Society, the Governor discussed where policy guidance can be most effective and when it may […] Content Type(s): Press, Press releases
November 16, 1998 Release of the Monetary Policy Report Opening statement Gordon Thiessen This morning we released our eighth Monetary Policy Report. The period since our last report has certainly been an eventful one from a monetary policy perspective. During the past six months, global economic uncertainties intensified, particularly following Russia's decision in August to declare a debt moratorium. Many emerging market countries were faced with large capital […] Content Type(s): Press, Speeches and appearances, Opening statements