December 4, 2000 Bank of Canada Governor concludes that a floating exchange rate regime continues to make sense for Canada Media Relations Montréal, Quebec In a speech to the Chambre de commerce du Montréal métropolitain, Bank of Canada Governor Gordon Thiessen reviewed the different sides of the argument with respect to a floating exchange rate regime, and concluded that a floating currency continues to make sense for Canada. Content Type(s): Press, Press releases
December 4, 2000 Why a Floating Exchange Rate Regime Makes Sense for Canada Remarks Gordon Thiessen Chambre de commerce du Montréal métropolitain Montréal, Quebec One of the issues that has often surfaced over the years is the exchange rate for the Canadian dollar. Indeed, over the past couple of years, it has been a topic of considerable public discussion. Content Type(s): Press, Speeches and appearances, Remarks
December 1, 2000 Market Views Sought on Issues Relating to the Design and Operation of Government Debt Programs over 2001-02 A consultation document on issues relating to the design and operation of government debt programs over 2001-2002, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today. Content Type(s): Press, Market notices
November 29, 2000 Government of Canada Pilot Cash Management Bond Buyback Program Launch: Operational Framework On behalf of the Minister of Finance, the Bank of Canada announced today that the government will be proceeding on a pilot basis with a bond buyback program for cash management purposes. The program is designed to reduce the peak levels of government cash balances needed to redeem large upcoming maturities of Government of Canada marketable bonds. Design of the operational framework has been based on consultations with market participants. Content Type(s): Press, Announcements
November 28, 2000 Bank of Canada to Offer Term SPRAs and May Purchase BAs over Year-end The Bank of Canada today announced its intention to temporarily add assets to its balance sheet to offset the anticipated $2 billion to $3 billion seasonal increase in the demand for bank notes. These operations have no monetary policy significance. Content Type(s): Press, Market notices
November 9, 2000 Release of the Monetary Policy Report Opening statement Gordon Thiessen This morning we released our latest Monetary Policy Report. In the six months since the May Report, our economy has outperformed expectations, spurred by strong domestic and foreign demand for Canadian products. We now expect that growth will average 5 per cent in 2000 and 3 to 4 per cent in 2001. Despite this stronger-than-anticipated […] Content Type(s): Press, Speeches and appearances, Opening statements
November 9, 2000 Bank of Canada releases semi-annual Monetary Policy Report Media Relations The Bank of Canada today released its twelfth semi-annual Monetary Policy Report in which it discusses economic and financial trends in the context of Canada’s inflation-control strategy. The Monetary Policy Report is published every May and November. Content Type(s): Press, Press releases
October 30, 2000 Bank of Canada releases dates for announcing Bank Rate actions Media Relations Ottawa, Ontario The Bank of Canada today made public the dates through the year 2001 on which it will announce any changes to the official interest rate it uses to implement monetary policy. Last month the Bank outlined its plan to adopt a new system of pre-set or "fixed" dates for announcing changes to the Bank Rate, […] Content Type(s): Press, Press releases
October 17, 2000 Can a Bank Change? The Evolution of Monetary Policy at the Bank of Canada 1935–2000 Lecture Gordon Thiessen Faculty of Social Science, University of Western Ontario Over this period, there has been a fundamental transformation in the way monetary policy is conducted in Canada and in most other industrial countries. While globalization and technological change have played an important role in this area, as in so many others, they have not, to my mind, been the principal driving force behind this transformation. Far more important has been the interaction of experience and economic theory. Content Type(s): Press, Speeches and appearances, Lectures
September 26, 2000 Bank of Canada to issue new bank notes Media Relations Ottawa, Ontario The Bank of Canada will issue a new series of bank notes beginning in January 2001 to further enhance the security of Canada's currency. Content Type(s): Press, Press releases