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In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 31 October, the Bank of Canada announced today that it will enter into a 14-day term PRA transaction for private sector money market instruments as follows:

In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 20 January.

In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 28 November, the Bank of Canada announced today that it will enter into a 21-day term PRA transaction for private sector money market instruments as follows:

During the 1990s the Bank of Canada made several changes that transformed its conduct of monetary policy. In the 1960s and 1970s, policy decisions were made in an environment characterized by instrument opaqueness and goal opaqueness, which tended to shield the Bank's operations from scrutiny and accountability. Since the 1970s the Bank has moved towards transparency and openness by rejecting multiple policy instruments and adopting a single, well-defined goal of inflation control. A recent survey has shown that the Bank of Canada is in the middle range of central banks with regard to its transparency and has lost points for not publishing the forecasts that shape its policy or the minutes and voting records of its governing body. Chant suggests that the public has benefited significantly from the changes the Bank has made, but that it should continue to support research on the benefits of low and stable inflation and continually inform other policy-makers and the public of the results.

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.

The global economy has continued to expand robustly. However, U.S. economic growth slowed in 2006, with the weakness concentrated in the automotive and housing sectors.

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 6, 2024.

In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 28 November, the Bank of Canada announced today that it will enter into a 15-day term PRA transaction for private sector money market instruments as follows:

In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 20 January, the Bank of Canada announced today that it will enter into a 14-day term PRA transaction for private sector money market instruments.

This morning, we released our spring 2001 Monetary Policy Report. In the six months since the November 2000 Report, the pace of economic expansion in Canada has slackened, primarily because the economic slowdown in the United States has been more pronounced than anticipated. The extent of the easing in economic activity in Canada is the […]