September 21, 2001 Opening Statement by David Dodge, Governor of the Bank of Canada Opening statement David Dodge Today, we released a section of the speech that I was to give in Moncton two days ago. It deals with current economic developments. The speech was postponed in light of last week's tragic events in the United States. Content Type(s): Press, Speeches and appearances, Opening statements
September 17, 2001 Change announced for scheduled Board meeting and speech Media Relations This week's meeting of the Bank of Canada Board of Directors scheduled for Moncton will now take place in Ottawa. The next regularly scheduled meeting of the Board in late October will be held in Moncton. Content Type(s): Press, Press releases
September 17, 2001 Bank of Canada lowers key policy interest rate by 1/2 percentage point to 3 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 3/4 per cent. Content Type(s): Press, Press releases
September 14, 2001 Bank of Canada update on financial markets to 14 September Media Relations Canada's payments, clearing and settlement systems have functioned well this week. The Bank of Canada continues to provide liquidity as needed. Trading activity in Canadian bond and money markets has increased since Wednesday and bid-ask spreads have narrowed, while activity in the foreign exchange markets has been very subdued. Content Type(s): Press, Press releases
September 14, 2001 Swap Facility with U.S. Federal Reserve Media Relations The Bank of Canada and the U.S. Federal Reserve have agreed to a temporary augmentation of their existing swap facility in order to facilitate the functioning of financial markets and provide liquidity in U.S. dollars. Content Type(s): Press, Press releases
September 12, 2001 Bank of Canada update on financial markets Media Relations Canada's payments, clearing and settlement systems are functioning well, with the Bank of Canada providing ample liquidity. Equity and futures markets were closed today, but Canadian bond, money and foreign exchange markets were open, with very light trading volumes. Content Type(s): Press, Press releases
September 12, 2001 Government of Canada treasury bill and Real Return Bond auctions rescheduled In light of the tragic circumstances that occurred in the U.S. yesterday that continue to disrupt trading activity in North American markets, the Government of Canada in conjunction with the Bank of Canada is making the following Debt Management announcements: Content Type(s): Press, Market notices
September 11, 2001 Bank of Canada statement Media Relations In light of the tragic events in the United States, the Bank of Canada would like to assure the public that it will provide the liquidity necessary to support the stability of the Canadian financial system and the continued functioning of financial markets. Content Type(s): Press, Press releases
September 11, 2001 Government of Canada treasury bill auction and Cash Management Buyback scheduled to be held today are postponed and cancelled respectively In light of extraordinary circumstances that have occurred in the U.S. today that have significantly disrupted trading activity, the Government of Canada in conjunction with the Bank of Canada are making the following Debt Management announcements: Content Type(s): Press, Market notices
L'effet de la richesse sur la consommation aux États-Unis Staff Working Paper 2001-14 Yanick Desnoyers The substantial growth in wealth over the course of the second half of the 1990s generated the equivalent of a certain level of savings, while simultaneously causing household savings rates to fall significantly. The author seeks to explain this decline in savings, observed since 1995, using the methodology developed by King, Plosser, Stock, and Watson (1991). Content Type(s): Staff research, Staff working papers Topic(s): Domestic demand and components JEL Code(s): E, E2, E21