April 25, 2012 Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce Opening statement Mark Carney Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario Good afternoon. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. The profile for global economic growth has improved since the Bank released its January MPR. Europe is expected to emerge slowly from recession in the second half of 2012, […] Content Type(s): Press, Speeches and appearances, Opening statements
April 18, 2012 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario Press conference following the release of the Monetary Policy Report. Content Type(s): Press, Speeches and appearances, Opening statements
November 18, 2002 Promoting Canada's Economic and Financial Welfare Remarks David Dodge Calgary Chamber of Commerce Calgary, Alberta It's been a difficult year for many sectors of the Alberta economy. Certainly, the severe drought hurt many western farmers, and investment in the energy sector was held back by low oil and gas prices. In addition, the slump in the telecom sector has affected Calgary. Content Type(s): Press, Speeches and appearances, Remarks
October 7, 2024 Monetary policy Learn about the objective of Canada’s monetary policy and the main instruments used to implement it: the inflation-control target and the flexible exchange rate. See also how monetary policy works, how decisions are made and read related backgrounders.
July 17, 2008 Release of the Monetary Policy Report Update Opening statement Mark Carney In the Update, the Bank described three major developments affecting the Canadian economy: protracted weakness in the U.S. economy, ongoing turbulence in global financial markets, and sharp increases in certain commodity prices, particularly energy. Content Type(s): Press, Speeches and appearances, Opening statements
October 26, 2004 Opening Statement before the House of Commons Finance Committee Opening statement David Dodge House of Commons Finance Committee These meetings help us keep Members of Parliament and, through you, all Canadians informed about the Bank's views on the economy, and about the objective of monetary policy and the actions we take to achieve it. Content Type(s): Press, Speeches and appearances, Opening statements
April 24, 2008 Release of the Monetary Policy Report Opening statement Mark Carney Growth in the global economy has weakened since the January Monetary Policy Report Update, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations in global financial markets. Growth in the Canadian economy has also moderated. Content Type(s): Press, Speeches and appearances, Opening statements
November 1, 2011 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario Good morning. Tiff and I are pleased to be here with you today to discuss the October Monetary Policy Report, which the Bank published last week. The global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s July MPR have been realized. Volatility has increased and there has been […] Content Type(s): Press, Speeches and appearances, Opening statements
November 8, 1995 The role of monetary conditions and the monetary conditions index in the conduct of policy Bank of Canada Review - Autumn 1995 Charles Freedman In these excerpts from a presentation to a conference in Toronto, Deputy Governor Charles Freedman analyses the way in which the monetary conditions index (MCI) enters into the Bank's thinking and actions. He describes how the Bank works in the context of a forward-looking assessment of economic developments and inflationary pressures to decide upon a desired path for the MCI that will result in a rate of inflation, six to eight quarters ahead, that is within the Bank's target band. Mr. Freedman also uses specific examples to explain how various shocks to the economy can change the Bank's desired path for monetary conditions. He describes the role that tactical considerations relating to market circumstances play regarding the timing of Bank actions to bring monetary conditions onto the desired path and emphasizes the need to give precedence to steadying nervous markets. Content Type(s): Publications, Bank of Canada Review articles
April 20, 2005 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce Last Thursday, we released our April Monetary Policy Report. In the report, we said that the global economy has been unfolding largely as expected, and the outlook for the Canadian economy is essentially unchanged from that in January's Monetary Policy Report Update. Content Type(s): Press, Speeches and appearances, Opening statements