April 24, 2002 Bank of Canada releases its April Monetary Policy Report Media Relations Ottawa, Ontario Canada's economic outlook has improved significantly since the November Monetary Policy Report. Indeed, information on the fourth quarter of last year and the first quarter of 2002 indicates that the recovery in the Canadian economy began sooner and has been considerably stronger than anticipated. Content Type(s): Press, Press releases
April 24, 2002 Monetary Policy Report – April 2002 At the time of last November’s Monetary Policy Report, two issues dominated the analysis: the global economic slowdown and the fallout from the September terrorist attacks. Content Type(s): Publications, Monetary Policy Report
April 24, 2002 Opening Statement before the House of Commons Standing Committee on Finance Opening statement David Dodge To counter that uncertainty and bolster consumer and business confidence, the Bank of Canada moved aggressively to provide monetary stimulus. Between last September and January 2002, we lowered interest rates by 200 basis points, bringing the total reduction since January 2001 to 375 basis points. Content Type(s): Press, Speeches and appearances, Opening statements
April 24, 2002 Release of the Monetary Policy Report Opening statement David Dodge The level of production in the Canadian economy should return to full capacity in the second half of 2003. We also said that inflation should be at the Bank's 2 per cent target by about the end of next year. Content Type(s): Press, Speeches and appearances, Opening statements
April 23, 2002 The Bank of Canada's Securities-Lending Program The Bank of Canada wishes to announce that it will implement a securities-lending program to support the liquidity of Government of Canada securities by providing a secondary and temporary source of securities to the market. Content Type(s): Press, Market notices
April 23, 2002 The Bank of Canada's Securities-Lending Program: Draft Terms and Conditions - Appendix B Eligible Collateral for the Securities-Lending Program The list of eligible collateral for the Bank's securities-lending program will consist of the following: Securities issued by the Government of Canada. Government of Canada stripped coupons and residuals. Securities guaranteed by the Government of Canada (including Canada Mortgage Bonds and NHA mortgage-backed securities (MBS) with a minimum pool […]
April 23, 2002 The Bank of Canada's Securities-Lending Program: Draft Terms and Conditions - Appendix A Related Entities "Entity" means a corporation, trust, partnership, fund, or an unincorporated association or organization. "Person" means a natural person, an entity or a personal representative. Where two or more Primary Dealers are related entities with each other, only one of those entities may participate in the Bank's securities-lending program, unless the related entities meet […]
April 23, 2002 The Bank of Canada's Securities-Lending Program: Draft Terms and Conditions Context The objective of the Bank of Canada's securities-lending program is to support the liquidity of Government of Canada securities by providing a secondary and temporary source of securities to the market under the conditions listed below. Transaction Structure The structure of the transactions is securities lending (no cash collateral) pursuant to a securities-lending agreement […]
April 16, 2002 Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent. Content Type(s): Press, Press releases
March 27, 2002 The Bank of Canada Launches a New $5 Bank Note Media Relations Montréal, Quebec David Dodge, Governor of the Bank of Canada and Paul Martin, Minister of Finance were joined at the unveiling by Jean Béliveau, former NHL hockey player for the Montréal Canadiens, Kim St. Pierre, member of the gold-medal-winning Canadian Olympic women's hockey team in Salt Lake City, and Myriam Bédard, two-time Olympic gold medallist in the biathlon. Content Type(s): Press, Press releases