November 27, 1997
News
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November 25, 1997
Bank Rate Raised in Response to Persistent Weakness in the Canadian Dollar
The Bank of Canada today raised the Bank Rate by 1/4 of one percentage point to 4 per cent. The Bank's operating band for the overnight rate was similarly adjusted. -
October 7, 1997
Challenges ahead for monetary policy
Today, I would like to talk about some of the important issues and challenges facing monetary policy in the period ahead and how the Bank of Canada proposes to deal with them. This is not an unusual topic for me since the business of central banking is seldom without challenges. But what a difference the past two years have made to the challenges we face! -
October 1, 1997
Bank Rate Raised by ¼ Percentage Point
The Bank of Canada today raised the Bank Rate and its operating band for the overnight rate by 1/4 of one percentage point. -
September 16, 1997
The recent economic record in Canada and the challenges ahead for monetary policy
It has been a little over two years since my last public speech to an audience in the United States. During this time, a lot has happened in terms of economic developments in our two countries. One thing that continues to impress me is the remarkable performance of the U.S. economy, which has achieved six years of steady economic expansion, with high rates of job creation and low inflation. -
September 8, 1997
Change in Issuance Pattern of Treasury Bills Beginning with the 16 September Auction
On 5 August 1997, Secretary of State (International Financial Institutions) Jim Peterson announced on behalf of Finance Minister Paul Martin that beginning with the 16 September 1997 auction. -
July 28, 1997
Bank of Canada Releases Interim Report on Wartime Gold Transactions
The Bank of Canada today released an interim report on the results of a search for records relating to wartime gold transactions. -
June 26, 1997
Bank Rate Raised 1/4 of a Percentage Point
The Bank of Canada indicated today that it had raised the Bank Rate by 1/4 of one percentage point to 3 1/2 per cent. -
June 18, 1997
The Canadian economy: Challenges and prospects
Once a year, the Bank of Canada's Board of Directors meets outside Ottawa, alternating among the provinces. I am delighted that this year's out-of-town meeting has brought us to the beautiful and historic city of Quebec. I would like to take this opportunity to talk to you about recent developments in our economy. -
May 30, 1997
Flexible Exchange Rates in a World of Low Inflation
There is a good deal of discussion these days about Economic and Monetary Union (EMU) in Europe - about the benefits and difficulties of organizing such a union. However, today I would like to examine a somewhat different issue, one that is at the other end of the spectrum; namely, How is the international system of flexible exchange rates working these days?