June 15, 2000 Response to IDA Reconstitution Proposal The strip bond sub-committee of the Investment Dealers Association (IDA), in a letter dated June 23, 1999, has recommended that “the current ceiling on reconstitution of bonds should be removed to allow reconstitution beyond the quantity stripped by book entry, which at times may be beyond the original issue size”. Content Type(s): Press, Announcements
June 1, 2000 Bank of Canada Announces Appointment of Special Adviser Media Relations Professor Angela Redish of the University of British Columbia has been chosen to fill the visiting economist position of Special Adviser in the Bank of Canada for a one-year term beginning in August 2000. Content Type(s): Press, Press releases
May 17, 2000 Bank of Canada Raises Target Overnight Rate by ½ Percentage Point to 5¾ Per Cent Media Relations Ottawa, Ontario The Bank of Canada raised its target for the overnight rate by one-half of one percentage point to 5¾ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank Rate is now 6 per cent. Content Type(s): Press, Press releases
May 16, 2000 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Gordon Thiessen House of Commons Standing Committee on Finance Last week, we released our eleventh Monetary Policy Report. Since our November Report, the Canadian economy has outperformed expectations. Bolstered by vigorous external and domestic demand, Canada's economic expansion strengthened in the second half of 1999 and into early 2000. Content Type(s): Press, Speeches and appearances, Opening statements
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