August 21, 2003 Summer 2003 Consultation Document The purpose of these consultations is to obtain the views of market participants on issues relating to the design and operation of the government Real Return Bond (RRB) program.
August 21, 2003 Dollarization in Canada: An Update Bank of Canada Review - Summer 2003 John Murray, James Powell, Louis-Robert Lafleur The authors describe a special survey of the payment and financial-reporting practices of Canadian firms conducted by the Bank of Canada's regional offices to determine if the U.S. dollar has started to displace the Canadian dollar as a preferred unit of account. A cross-section of firms was asked what currency (or currencies) they used: (i) for quoting sales to Canadian customers, (ii) for quoting prices to foreigners, (iii) for reporting their financial results, and (iv) for quoting salaries and wages. The survey results reported here extend some earlier results reported in a previous Review article by Murray and Powell. The data indicate that, despite the dominance of the U.S. dollar in world trade and as an international standard of value, use of the U.S. dollar in Canada is very limited. The vast majority of Canadian firms price their products and keep their financial statements in Canadian dollars, and very few workers in Canada have their salaries paid in a foreign currency. The Canadian dollar is still strongly preferred for most pricing and financial-reporting activities in Canada, and there is very little evidence of "dollarization." Content Type(s): Publications, Bank of Canada Review articles
August 7, 2003 Economic Integration in North America Remarks David Dodge Couchiching Institute on Public Affairs Geneva Park, Ontario For more than 70 years now, the Couchiching Institute on Public Affairs has been bringing Canadians together with the purpose of asking some thought-provoking questions and encouraging lively, stimulating debates and action on a variety of key public policy issues. Content Type(s): Press, Speeches and appearances, Remarks
July 24, 2003 Bank of Canada releases 2004 schedule of dates for its policy interest rate announcements Media Relations Ottawa, Ontario The Bank of Canada today released its 2004 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year. Content Type(s): Press, Press releases
July 17, 2003 Bank of Canada releases Monetary Policy Report Update Media Relations Ottawa, Ontario The Bank of Canada today released its Update to the April Monetary Policy Report. Content Type(s): Press, Press releases
July 17, 2003 Monetary Policy Report Update – July 2003 Since the April Monetary Policy Report, there have been a number of unanticipated developments that have changed the outlook for inflation and economic activity in Canada. Content Type(s): Publications, Monetary Policy Report
July 17, 2003 Release of the Monetary Policy Report Update Opening statement David Dodge Today, we released our Update to the April Monetary Policy Report. The Update reviews economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Speeches and appearances, Opening statements
July 15, 2003 Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 3 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3 per cent. Content Type(s): Press, Press releases
July 10, 2003 Dynamic Models Useful for Policy 2003 Conference held on 10 and 11 July 2003 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
June 23, 2003 Financial System Review - June 2003 This section of the Financial System Review examines the recent performance of the Canadian financial system and the factors, both domestic and international, that are influencing it. Content Type(s): Publications, Financial Stability Report