News

• October 21, 2004

  Bank of Canada releases Monetary Policy Report

  Media Relations Ottawa, Ontario

  The Canadian economy has grown faster than was projected in last April's Monetary Policy Report and the July Update, largely because of a surge in exports. It is now operating near its production capacity and continues to adjust to global economic developments.

  Content Type(s): Press, Press releases
• October 19, 2004

  Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/2 per cent

  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 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 3/4 per cent.

  Content Type(s): Press, Press releases
• October 13, 2004

  Bank of Canada Unveils New $50 Bank Note

  Media Relations Calgary, Alberta

  The Bank of Canada today unveiled Canada's new $50 bank note, the theme of which is Nation Building: shaping the political, legal, and social structures for democracy and equality. The new note was unveiled at a ceremony in Calgary, Alberta by the Honourable Senator Joyce Fairbairn and David Dodge, Governor of the Bank of Canada.

  Content Type(s): Press, Press releases
• October 13, 2004

  Famous 5 Foundation

  Remarks David Dodge Nation Builders Dinner Calgary, Alberta

  As you know, one of the events and themes commemorated on the new $50 bank note is the Persons Case. I am especially pleased to be here tonight, helping to celebrate the 75th anniversary of that historic case, and honouring the Famous Five, who helped to enshrine the rights of all individuals, in Canada and other countries around the world, to participate on equal terms in political life.

  Content Type(s): Press, Speeches and appearances, Remarks
• October 7, 2004

  Global Economic Developments and the Implications for Ontario

  Remarks David Dodge Ontario Economic Summit Niagara-on-the-Lake, Ontario

  One theme that I heard repeatedly in Washington is that 2004 is turning out to be a better year than many had thought, particularly over the first half of the year. Indeed, the IMF is now projecting global economic growth of 5 per cent in 2004, which would be a marked improvement from the 3.9 per cent rate seen in 2003.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 29, 2004

  Bank of Canada Issues New $20 Bank Notes

  Media Relations Ottawa, Ontario

  "The $20 bank note is the most widely used note," said Bank of Canada Governor David Dodge. "It accounts for almost half of all bank notes in circulation, which is why we encourage Canadians to become familiar with its design and security features.

  Content Type(s): Press, Press releases
• September 28, 2004

  Survey of Foreign Exchange and Derivatives Market Activity in Canada

  Media Relations Ottawa, Ontario

  Summary results of a survey of activity in Canadian foreign exchange and derivatives markets conducted by the Bank of Canada in April 2004 are now available. Similar surveys were undertaken in 51 other countries during the same month, and the central banks of many of those countries are also releasing their results today.

  Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
• September 20, 2004

  Governor Dodge Discusses Monetary Policy in an Evolving World Economy

  Media Relations Calgary, Alberta

  Bank of Canada Governor David Dodge today reviewed Canada's economic outlook and prospects for monetary policy in the context of the evolving world economy.

  Content Type(s): Press, Press releases
• September 20, 2004

  Canadian Monetary Policy in an Evolving World Economy

  Remarks David Dodge Canadian Chamber of Commerce Calgary, Alberta

  The Bank does look to the Chamber to help us understand how economic developments are unfolding at the industry level. And I particularly want to thank the Chamber for being an ongoing partner in our efforts to smoothly introduce three new high-denomination bank notes this year.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 8, 2004

  Bank of Canada raises target for the overnight rate by 1/4 percentage point to 2 1/4 per cent

  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 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent.

  Content Type(s): Press, Press releases