News

• June 16, 2010

  A Bold Response Is Required to Secure the Economic Recovery, Says Bank of Canada Governor Mark Carney

  Media Relations Charlottetown, Prince Edward Island

  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.

  Content Type(s): Press, Press releases
• June 16, 2010

  Fortune Favours the Bold

  Remarks Mark Carney Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  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.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 15, 2010

  Bank of Canada Announces Appointment of Special Adviser

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointment of Professor Prasanna Gai as Special Adviser for 2010–11.

  Content Type(s): Press, Press releases
• June 10, 2010

  Bank of Canada Governor Mark Carney Outlines Core G-20 Agenda to Reduce Systemic Risk

  Media Relations Montréal, Quebec

  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.

  Content Type(s): Press, Press releases
• June 10, 2010

  The G-20’s Core Agenda to Reduce Systemic Risk

  Remarks Mark Carney International Organization of Securities Commissions (IOSCO) Montréal, Quebec

  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.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 1, 2010

  Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market

  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 1/2 per cent.

  Content Type(s): Press, Press releases
• June 1, 2010

  Re-Establishment of the Standard Operating Framework for the Implementation of Monetary Policy

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases
• May 26, 2010

  Senate Committee on National Finance

  Opening statement Pierre Duguay Senate Committee on National Finance Ottawa, Ontario

  At year-end 2009, there were 1.8 billion bank notes in circulation, with a total value of $55.5 billion – approximately $1,630 per Canadian. The Bank of Canada is not responsible for coins. Decisions on coinage rest with the federal government, in particular, the Department of Finance, and with the Royal Canadian Mint.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 14, 2010

  17th Annual Meetings of Gouverneurs des banques centrales des pays francophones

  Media Relations Ottawa, Ontario

  As part of events related to its 75th anniversary, the Bank of Canada hosted the 17th annual meetings of Gouverneurs des banques centrales des pays francophones in Montréal from 12 to 14 May 2010.

  Content Type(s): Press, Press releases
• May 7, 2010

  The New Bank of Canada Commodity Price Index (BCPI)

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the introduction of a new Bank of Canada commodity price index (BCPI).

  Content Type(s): Press, Press releases