May 16, 2001 Core Principles for Systemically Important Payments Systems and Their Application in Canada Bank of Canada Review - Spring 2001 Clyde Goodlet Systemically important payments systems are systems that, because of the size or the nature of the payments they process, could trigger or transmit serious shocks across domestic or international financial systems if they were insufficiently protected against risk. This article describes the overall framework of core principles developed for the design, operation, and oversight of such payments systems. The article reviews the role of the task force established to develop the core principles and examines the core principles themselves. It also examines the role of central banks in overseeing major payments systems and in applying the core principles to them. The focus is on the Bank of Canada's oversight responsibilities under the Payment Clearing and Settlement Act and on Canada's systemically important payments system—the LVTS. Content Type(s): Publications, Bank of Canada Review articles
May 15, 2001 www.bankofcanada.ca—The Bank on the World Wide Web Bank of Canada Review - Spring 2001 Brent Eades This article by the Bank's Web master details the development of the Bank's Web site and highlights some of its special features. It includes a description of dataBANK, a custom-built interface to the Bank's economic databases that gives visitors access to 220 data series. It also provides a mini tour of monetary policy material "on site," as well as a taste of things to come. Above all, this article invites you to come and visit our site. Content Type(s): Publications, Bank of Canada Review articles
May 1, 2001 Bank of Canada releases semi-annual Monetary Policy Report Media Relations The Bank of Canada today released its thirteenth 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
May 1, 2001 Opening Statement before the House of Commons Standing Committee on Finance Opening statement David Dodge House of Commons Standing Committee on Finance The Report provides our latest assessment of the outlook for economic growth and inflation in Canada. Before I give you a flavour of that assessment, I would like to say a word about the objective of Canadian monetary policy and how we go about achieving it. Content Type(s): Press, Speeches and appearances, Opening statements
May 1, 2001 Monetary Policy Report – May 2001 At the time of the November 2000 Monetary Policy Report, although signs of the anticipated slowing of the U.S. economy were becoming apparent, the momentum of the global economy was considered strong. Content Type(s): Publications, Monetary Policy Report
May 1, 2001 Renewal of the Inflation-Control Target (May 2001) Commentary relating to the 2001 target renewal. Content Type(s): Background materials
May 1, 2001 Release of the Monetary Policy Report Opening statement David Dodge This morning, we released our spring 2001 Monetary Policy Report. In the six months since the November 2000 Report, the pace of economic expansion in Canada has slackened, primarily because the economic slowdown in the United States has been more pronounced than anticipated. The extent of the easing in economic activity in Canada is the […] Content Type(s): Press, Speeches and appearances, Opening statements
April 26, 2001 Turnaround Time for Government of Canada Securities auctions to be Reduced to 15 Minutes The targeted turnaround time for publication of the results for Government of Canada securities auctions will be reduced to 15 minutes from 30 minutes starting 22 May 2001. The reduction in the turnaround time is the result of process and efficiency improvements. Content Type(s): Press, Market notices