June 22, 2010
Bank of Canada announces Deputy Governor Appointment
The Board of Directors of the Bank of Canada today announced the appointment of Agathe Côté as Deputy Governor of the Bank effective 30 July 2010.
News
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June 22, 2010
Risks to Canada's Financial Stability in an Uncertain World
The recent past has underscored the fact that, in finance and the economy, most things are interconnected on a global scale. Throughout its history, Canada has been powerfully affected by events elsewhere. -
June 18, 2010
Fortune Favours the Bold
From the end of 2008 to the middle of last year, Canada experienced a short, sharp recession. With the exception of government spending, all major components of aggregate demand declined, and industrial production dropped 15 per cent. -
June 16, 2010
A Bold Response Is Required to Secure the Economic Recovery, Says Bank of Canada Governor Mark Carney
The recent recession was not an ordinary downturn, and a bold response from the public and private sectors in Canada and globally is required to secure the economic recovery, Bank of Canada Governor Mark Carney said today. -
June 16, 2010
Fortune Favours the Bold
From the end of 2008 to the middle of last year, Canada experienced a short, sharp recession. With the exception of government spending, all major components of aggregate demand declined, and industrial production dropped 15 per cent. Canadian exporters suffered particularly, owing to the sharp fall in the components of U.S. economic activity that matter most for Canada. -
June 15, 2010
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of Professor Prasanna Gai as Special Adviser for 2010–11. -
June 10, 2010
Bank of Canada Governor Mark Carney Outlines Core G-20 Agenda to Reduce Systemic Risk
G-20 leaders are working towards global reforms that will put the world’s financial system on a more solid footing, Bank of Canada Governor Mark Carney said today. -
June 10, 2010
The G-20’s Core Agenda to Reduce Systemic Risk
Given this failure, the G-20’s agenda to reshape the global financial system is comprehensive and radical. The coming weeks and months will be pivotal to its success. The time for debate and discussion is drawing to a close. Policymakers now need to decide and to implement. -
June 1, 2010
Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. -
June 1, 2010
Re-Establishment of the Standard Operating Framework for the Implementation of Monetary Policy
As part of the Bank of Canada's interest rate decision on 1 June 2010, the Bank will re-establish the standard operating framework for the implementation of monetary policy.