News

• September 23, 1998

  Bank of Canada Governor Addresses St. John's Board of Trade

  Media Relations St. John's, Newfoundland

  Bank of Canada Governor Gordon Thiessen today reviewed international economic and financial developments and their implications for Canada.

  Content Type(s): Press, Press releases
• September 2, 1998

  Renegotiation of Standby Credit Facility

  Media Relations Ottawa, Ontario

  On behalf of the Minister of Finance, it was announced today that Canada has renegotiated its existing U.S.$6.0 billion standby credit facility with international banks.

  Content Type(s): Press, Press releases
• August 27, 1998

  Bank Rate Raised by 1 Percentage Point

  Media Relations Ottawa, Ontario

  The Bank of Canada today raised its Bank Rate by one percentage point to 6 per cent.

  Content Type(s): Press, Press releases
• June 11, 1998

  The outlook for the Canadian economy and monetary policy

  Remarks Bernard Bonin The Canadian Association of Financial Planners Québec, Québec

  In mid-May we published our semi-annual Report on monetary policy, covering data up to April 24th. That means we now have new data available for the last two months. Furthermore, our report also pointed to a much greater-than-usual degree of uncertainty about the outlook for the Canadian economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 28, 1998

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Gordon Thiessen House of Commons Standing Committee on Finance

  Mr. Chairman, my colleagues and I are pleased to appear before your committee on a regular basis following the release of the Bank of Canada's Monetary Policy Report. It gives us a chance to discuss with you a range of economic and monetary issues. More generally, our semi-annual Report and sessions such as this one […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 27, 1998

  Globalized Financial Markets and Monetary Policy

  Remarks Gordon Thiessen La Conférence de Montréal Montréal, Quebec

  Globalization - that is, the growing integration and interdependence of national economies - is changing dramatically the economic landscape. Countries are trading more goods and services, an increasing number of firms now operate across national borders, and savers and borrowers have greater access than ever before to global financial markets.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 27, 1998

  Bank of Canada Governor speaks at La Conférence de Montréal

  Media Relations

  In a speech delivered today to delegates to La Conférence de Montréal, Bank of Canada Governor Gordon Thiessen examined the impact of financial market globalization on the world economy.

  Content Type(s): Press, Press releases
• May 13, 1998

  Release of the Monetary Policy Report

  Opening statement Gordon Thiessen

  This morning we released our seventh Monetary Policy Report. Since the release of our last Report in November, there have been an unusual number of international and domestic developments which have had important economic and financial consequences. Among the most important events have been the crisis in Asia, declines in commodities prices, and the persistent […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 13, 1998

  Bank of Canada Governor comments on release of the Monetary Policy Report

  Media Relations

  Bank of Canada Governor Gordon Thiessen today commented on the release of the semi-annual Monetary Policy Report, which discusses current economic trends and their implications for monetary policy.

  Content Type(s): Press, Press releases
• April 23, 1998

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Gordon Thiessen Standing Senate Committee on Banking, Trade and Commerce

  My colleagues and I look forward to our yearly appearance before your committee because it gives us an opportunity to present an account of how the Bank has worked to fulfil its objectives over the past year. It is also an opportunity for a discussion with you on a range of economic and monetary issues. […]

  Content Type(s): Press, Speeches and appearances, Opening statements