July 29, 2008 Bank of Canada announces the appointment of Mark E. Caplan as Senior Representative and Director of its Toronto Office (Financial Markets) Media Relations Ottawa, Ontario The Bank of Canada is pleased to announce the appointment of Mark E. Caplan as Senior Representative and Director, Toronto Office (Financial Markets), effective September 2008. Mr. Caplan will replace Ross MacKinnon, who is retiring. Content Type(s): Press, Press releases
July 22, 2008 International Experience with the Conduct of Monetary Policy under Inflation Targeting Conference held on 22 and 23 July 2008 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
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
July 17, 2008 Bank of Canada releases Monetary Policy Report Update Media Relations Ottawa, Ontario The Bank of Canada today released its July Monetary Policy Report Update. In it, 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 the prices of certain commodities, particularly energy. Content Type(s): Press, Press releases
July 17, 2008 Monetary Policy Report Update – July 2008 Three major developments are affecting the Canadian economy: the protracted weakness in the U.S. economy; ongoing turbulence in global financial markets; and sharp increases in the prices of certain commodities — particularly energy. The first two developments are evolving roughly in line with expectations outlined in the April Monetary Policy Report. Content Type(s): Publications, Monetary Policy Report
July 15, 2008 Bank of Canada keeps overnight rate target at 3 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. Content Type(s): Press, Press releases
July 10, 2008 Bank of Canada Appoints Special Advisers Media Relations Ottawa, Ontario The Bank of Canada today announced the appointment of Angelo Melino, Professor in the Department of Economics at the University of Toronto, and Frank Milne, BMO Professor of Economics and Finance in the Department of Economics at Queen's University, as Special Advisers for the year 2008-09. Content Type(s): Press, Press releases
July 8, 2008 Bank of Canada Announces that Term PRA Maturing on 10 July will not be Renewed The Bank of Canada announced today that it will not renew the $1 billion term PRA maturing on 10 July. Content Type(s): Press, Market notices
July 7, 2008 Business Outlook Survey - Summer 2008 Despite the recent slowdown in real economic growth in Canada, the results of the summer survey do not suggest widespread weakness across Canadian firms. Firms have, however, become increasingly concerned about pressures on input costs and inflation. Content Type(s): Publications, Business Outlook Survey
June 27, 2008 Flexibility versus Credibility in Inflation-Targeting Frameworks Remarks Mark Carney 7th BIS Annual Conference Lucerne, Switzerland There are two broad classes of arguments for greater flexibility in the design and application of monetary policy frameworks. The BIS has done a great deal of useful work on asset-price targeting in particular and on the complicated interplay between monetary policy and financial stability in general. Content Type(s): Press, Speeches and appearances, Remarks