November 17, 1999 Release of the Monetary Policy Report Opening statement Gordon Thiessen Good morning. The Bank of Canada has just released its tenth Monetary Policy Report. This morning, we also raised our target for the overnight interest rate by 1/4 of one percentage point to 4 3/4 per cent. This follows a similar increase yesterday in the U.S. Federal Funds rate to 5 ½ per cent. The […] Content Type(s): Press, Speeches and appearances, Opening statements
November 2, 1999 The Challenges for Canadian Monetary Policy in the Year 2000 Remarks Gordon Thiessen the Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island Monetary policy actions take a relatively long time to affect the economy and inflation—anywhere between 12 to 24 months. Because of this, central banks must always look ahead and must put in place today the monetary conditions that are needed to help keep the economy on a sustainable path down the road. By 'sustainable' I mean a situation where economic growth and job creation are not at risk from rising inflation. Content Type(s): Press, Speeches and appearances, Remarks
September 23, 1999 Canada's economy as the year 2000 approaches Remarks Gordon Thiessen the Chamber of Commerce Regina, Saskatchewan It is always a pleasure to return and speak to people in my home province. This time, we are here for a meeting of the Bank of Canada's Board of Directors. Once a year, our Board meets outside Ottawa, in a different part of the country. This year, we are delighted to be in Regina. Content Type(s): Press, Speeches and appearances, Remarks
June 2, 1999 Canadian economic performance at the end of the twentieth century Remarks Gordon Thiessen the Canada Club London, United Kingdom As the curtain comes down on the twentieth century and we move on to the next millennium, it is difficult to resist the temptation to be both retrospective and prospective. Content Type(s): Press, Speeches and appearances, Remarks
May 26, 1999 Opening Statement before the Standing Committee on Finance of the House of Commons Opening statement Gordon Thiessen Standing Committee on Finance of the House of Commons It is always a pleasure to appear before your Committee following the publication of our Monetary Policy Report. We released our ninth Report last Wednesday. The Bank of Canada began publishing these Reports on a semi-annual basis four years ago, as part of our effort to increase the transparency and accountability of the Bank's conduct of monetary policy. Content Type(s): Press, Speeches and appearances, Opening statements
May 19, 1999 Release of the Monetary Policy Report Opening statement Gordon Thiessen This morning we released our ninth Monetary Policy Report. The economic and financial situation is much improved since our previous Report in November. Financial markets have steadied in Southeast Asia, and prospects are good for a gradual recovery there. In Brazil, the authorities have taken major steps to address their difficulties. Overall, global financial markets […] Content Type(s): Press, Speeches and appearances, Opening statements
May 4, 1999 Global financial turbulence and the Canadian economy Remarks Gordon Thiessen La Chambre de commerce de la région sherbrookoise Sherbrooke, Quebec The world economy and Canada have had to navigate some difficult straits in the past couple of years. But we have made it through. And considering the tide from the Asian financial crisis that washed around the world, the Canadian economy has coped better this time around than in the past. Content Type(s): Press, Speeches and appearances, Remarks
April 20, 1999 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Gordon Thiessen Standing Senate Committee on Banking, Trade and Commerce Since we have recently tabled the Bank of Canada’s Annual Report in Parliament, I would also be happy to answer any questions you may have about our stewardship of the Bank. Content Type(s): Press, Speeches and appearances, Opening statements
March 22, 1999 Financial sector reform, the economy, and monetary policy Remarks Gordon Thiessen the Mennonite Savings and Credit Union Kitchener, Ontario I am delighted to be with you this evening to celebrate the 35th annual meeting of the Mennonite Savings and Credit Union. On this occasion, I propose to speak about the Canadian economy and monetary policy. But given this audience, I thought I might start with some remarks on the future of the Canadian financial sector - a subject that has certainly grabbed its share of headlines over the past year! Content Type(s): Press, Speeches and appearances, Remarks
March 11, 1999 Then and now: the change in views on the role of monetary policy since the Porter Commission Lecture Gordon Thiessen C.D. Howe Institute Toronto, Ontario Tony Hampson made a number of outstanding contributions to Canadian public life as well as having a successful business career. Many in this audience will be familiar with the fact that for a number of years he was Chairman of the C.D. Howe Institute's Policy Analysis Committee. Content Type(s): Press, Speeches and appearances, Lectures