News

• December 13, 2010

  Perceptions of Low Rates Raise Risks, Bank of Canada Governor Mark Carney Says

  Media Relations Toronto, Ontario

  Cyclical and structural factors have led to a low-interest-rate environment, Bank of Canada Governor Mark Carney said today in a speech that reviewed the implications of such an environment for financial stability and economic growth in Canada and globally.

  Content Type(s): Press, Press releases
• December 13, 2010

  Living with Low for Long

  Remarks Mark Carney Economic Club of Canada Toronto, Ontario

  Current turbulence in Europe is a reminder that the crisis is not over, but has merely entered a new phase. In a world awash with debt, repairing the balance sheets of banks, households and countries will take years.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 9, 2010

  Financial System Review - December 2010

  

  Although the global financial system continues to recover gradually from the unprecedented dislocations experienced in recent years, significant downside risks remain. Market concerns over acute fiscal strains in some euro-area countries have intensified sharply in recent weeks.

  FSR Highlights - December 2010

  Content Type(s): Publications, Financial Stability Report
• December 8, 2010

  Bank of Canada Announces Closure of Optical Security Material Division and Sale of Related Assets

  Media Relations Ottawa, Ontario

  The Bank of Canada announced today that it is closing its Optical Security Material (OSM) division and selling all of its related assets.

  Content Type(s): Press, Press releases
• December 7, 2010

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases
• November 18, 2010

  Where the Economy and Finance Meet

  Remarks Jean Boivin Okanagan CFA Society and UBC Okanagan (Faculty of Management) Kelowna, British Columbia

  As the title of my speech suggests, I would like to discuss the connections between the real economy – the tangible world of jobs, goods and services – and the more intangible world of finance – of money flows, interest rates and the stock market. They have a long and eventful history.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 18, 2010

  Bank of Canada Review - Autumn 2010

  

  The premise that exchange rate pass-through has declined is critically reassessed; intensity in the negative feedback process between financial sector developments and the real economy during the recent global crisis is examined; update on past decade’s changing trends in debt issuance in Canada relative to those in other capital markets.

  Content Type(s): Publications, Bank of Canada Review
• November 9, 2010

  Looking Back, Moving Forward: Canada and Global Financial Reform

  Remarks Mark Carney International Center for Monetary and Banking Studies Geneva, Switzerland

  There is an old saying, “Knowledge is gained from experience, and experience is gained from mistakes.” In Canada, we made our mistakes early and often in the 1970s and 1980s. Our fiscal situation deteriorated sharply, inflation surged to double-digit levels, and a few small regional banks collapsed.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 9, 2010

  Financial Reforms Should Support Economic Growth, Says Bank of Canada Governor Mark Carney

  Media Relations Geneva, Switzerland

  Canada fared relatively well during the global crisis, as a result of good policy and, in retrospect, some good fortune, Bank of Canada Governor Mark Carney said today in a speech to the International Center for Monetary and Banking Studies in Geneva, Switzerland.

  Content Type(s): Press, Press releases
• October 27, 2010

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

  Opening statement Mark Carney Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  We are pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Before I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, which was released last week.

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