April 20, 2001 The Bank of Canada's Contribution to the Economic Well-Being of Canadians Remarks David Dodge Vancouver Board of Trade Vancouver, British Columbia The Bank of Canada has a commitment to contribute to the economic well-being of Canadians. In other words, we must conduct monetary policy so that it fosters sustained economic growth. Fundamentally, this means creating conditions that favour rising employment and incomes, strong investment, and a more stable macroeconomic environment. Content Type(s): Press, Speeches and appearances, Remarks
April 17, 2001 Bank of Canada lowers Bank Rate by 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 per cent. The operating band for the overnight rate* is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 4 3/4 per cent. Content Type(s): Press, Press releases
March 29, 2001 Changes to certain Bank of Canada operational procedures relating to the Large Value Transfer System and the use of purchases and sales of bankers' acceptances in managing the Bank of Canada's balance sheet The Bank of Canada is changing two of its operational procedures relating to the Large Value Transfer System (LVTS), effective 2 April 2001. Content Type(s): Press, Announcements
March 28, 2001 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce On this occasion, I would like to touch on the Bank's contribution to good economic performance, our emphasis on openness and transparency, and our role in promoting domestic and global financial stability. I will then comment on the Bank's view of current economic conditions and discuss any issues you may wish to raise. Content Type(s): Press, Speeches and appearances, Opening statements
March 20, 2001 Governor highlights Bank of Canada's contribution to domestic and global financial stability Media Relations Montréal, Quebec As an open economy, Canada has a strong interest in promoting a sound and robust international economic environment, Governor David Dodge said today, in a speech to the Montreal Society of Financial Analysts. He stressed that sound macroeconomic policies and robust and efficient financial systems are of paramount importance in an increasingly interconnected world. Content Type(s): Press, Press releases
March 20, 2001 The Bank of Canada and Financial Stability Remarks David Dodge Montreal Society of Financial Analysts Montréal, Quebec While monetary stability through low inflation is crucial to good economic performance, our economy cannot function properly unless it is also supported by an efficient and stable financial system. And as the world economy becomes increasingly interconnected, sound macroeconomic policies and sound financial systems across all countries are even more essential. Content Type(s): Press, Speeches and appearances, Remarks
March 6, 2001 Bank of Canada lowers Bank Rate to 5 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering the Bank Rate by one-half of one percentage point to 5 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 per cent. Content Type(s): Press, Press releases
March 1, 2001 Net Position Reports - Formal Recommendation from the Bank of Canada The Bank of Canada announced today that it has sent the following letter to the Investment Dealers Association of Canada. Content Type(s): Press, Market notices
February 27, 2001 Fall Consultations - 2000: Summary of Comments As it has done in the Fall of previous years, the Department of Finance jointly with the Bank of Canada held consultations with market participants on issues relating to the design and operation of government debt programs in 2001-2002. Content Type(s): Press, Announcements
February 20, 2001 Governor underlines Bank of Canada's ongoing commitment to good economic performance Media Relations Toronto, Ontario In highlighting the Bank's commitment to contribute to the economic well-being of Canadians, Mr. Dodge said that the Bank must continue to "conduct monetary policy so as to promote sustained economic growth, create conditions conducive to rising investment, employment, and incomes, and encourage a more stable macroeconomic environment." He stressed that the best contribution monetary policy can make to such an outcome is "to keep future inflation low, stable, and predictable." Content Type(s): Press, Press releases