July 15, 2008
Bank of Canada keeps overnight rate target at 3 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent.
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July 10, 2008
Bank of Canada Appoints Special Advisers
The Bank of Canada today announced the appointment of Angelo Melino, Professor in the Department of Economics at the University of Toronto, and Frank Milne, BMO Professor of Economics and Finance in the Department of Economics at Queen's University, as Special Advisers for the year 2008-09. -
June 27, 2008
Flexibility versus Credibility in Inflation-Targeting Frameworks
There are two broad classes of arguments for greater flexibility in the design and application of monetary policy frameworks. The BIS has done a great deal of useful work on asset-price targeting in particular and on the complicated interplay between monetary policy and financial stability in general. -
June 23, 2008
Real Estate, Mortgage Markets, and Monetary Policy
For many Canadians, one of the most important investments they'll make is the purchase of a house. And for you as financial market professionals, the links between the housing market and financial markets have important consequences. -
June 19, 2008
Governor Carney Discusses the Role of Monetary Policy in the Face of the Commodities Boom
The best contribution that the Bank of Canada can make to help all Canadians reap the benefits of the current commodities boom is to remain focused on achieving its inflation target, Governor Mark Carney said today in a speech to the Commodities, the Economy, and Money conference. -
June 19, 2008
Capitalizing on the Commodity Boom: the Role of Monetary Policy
We are experiencing a commodity super cycle. Throughout the current boom, the scale of price increases has been higher, and the range of affected commodities broader, than in previous upturns. Since 2002, grain and oilseed prices have more than doubled, base metals prices have tripled, and oil prices have quadrupled. -
June 10, 2008
Bank of Canada keeps overnight rate target at 3 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. -
May 22, 2008
Bank of Canada Governor Outlines Principles for Liquid Markets
Central banks have been more active in providing liquidity support for key markets throughout the recent financial market turbulence because well-functioning markets are important for the conduct of monetary policy and the efficient operation of the economy, Bank of Canada Governor Mark Carney said today in a speech to the New York Association for Business Economics. -
May 22, 2008
Principles for Liquid Markets
Over the past year, both private sector financial market participants and public sector authorities have been preoccupied with the topic of liquidity as never before. Throughout the financial market turbulence, private liquidity management has become tremendously important. -
May 9, 2008
Bank of Canada Hosts CEMLA Meetings
The Centre for Latin American Monetary Studies (Centro de Estudios Monetarios Latinoamericanos or CEMLA) concluded its Governors' Meetings today, hosted by the Bank of Canada.