May 4, 2007
News
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May 4, 2007
Governor Dodge discusses how flexible exchange rates aid economic adjustments
A flexible exchange rate regime can help an economy adjust to shocks, and can be an important part of a market-based, liberalized trade and financial order, said Bank of Canada Governor David Dodge. -
May 2, 2007
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
In our latest Monetary Policy Report, which we released last Thursday, we noted that Canada's economic growth did indeed slow, but recently, inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year. -
May 1, 2007
Opening Statement before the House of Commons Standing Committee on Finance
In our latest Monetary Policy Report, which we released last Thursday, we noted that Canada's economic growth did indeed slow, but recently, inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year. -
April 26, 2007
Release of the Monetary Policy Report
Growth of the Canadian economy has been essentially in line with the Bank's expectations as set out in the January Monetary Policy Report Update. But inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year. -
April 26, 2007
Bank of Canada releases Monetary Policy Report
The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. -
April 25, 2007
Bank of Canada Governor David Dodge will not seek second term
Governor David Dodge has informed the Bank of Canada's Board of Directors and the Minister of Finance that he will not seek a second term as Governor. -
April 25, 2007
Process for selecting a Governor of the Bank of Canada
The Board of Directors of the Bank of Canada has initiated a process to find a replacement for the Governor of the Bank of Canada, David Dodge, whose seven year mandate will end on 31 January 2008. The following is the process leading to the appointment of a new Governor. -
April 24, 2007
Bank of Canada keeps target for the overnight rate at 4 1/4 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. -
April 12, 2007
Dealing with Uncertainty in the Conduct of Monetary Policy
The main goal of monetary policy is to help the country achieve strong, sustainable economic performance, and, in doing so, to contribute to rising living standards for Canadians. Experience has shown that the best way for a central bank to meet this goal, given the instruments at its disposal, is by keeping inflation low and stable. Low and stable inflation increases confidence in the future value of money, and allows for clear price signals.