Canada
Useful statement from Jean-Claude Trichet
CentralbankNews.com is pleased to see the ECB making constructive use of its website in the current crisis. On Tuesday August 14 its home page featured prominently a statement by Jean-Claude Trichet, the president, about the current financial market…
Central banks continue to plug markets
On Friday, central banks around the world engaged in an orchestrated effort, initiated by the European Central Bank (ECB) and the Federal Reserve a day earlier, to keep money markets afloat amidst wide-spread fears of a global credit crunch.
Statements on liquidity injections
The Federal Reserve Bank of New York released a brief statement regarding its intervention to inject liquidity into the markets. It said it is providing liquidity to facilitate the "orderly functioning of financial markets" and will provide reserves as…
Paper on contestability in Canadian banking
The Bank of Canada has published a discussion paper entitled, "A Note on Contestability in the Canadian Banking Industry."
Front-runners to succeed Canada's Dodge
Who will succeed David Dodge when he retires as governor of the Bank of Canada in January 2008? The two favourites are the senior deputy governor, Paul Jenkins, and ex-central banker Mark Carney, now a senior associate deputy minister of finance, but…
Australia also wants wider net for Fund leader
Peter Costello, the Australian federal treasurer, has joined the international chorus urging a departure from tradition in the selection of the next head of the International Monetary Fund.
Canada's monetary policy update
Two days after raising rates, the Bank of Canada published its update on monetary policy. "Some modest further increase in the policy rate may be required," it says.
Bank of Canada raises raises rates to 4.5%
The Bank of Canada has raised interest rates by 25 basis points despite its currency's recent appreciation again the US dollar which has taken it to its strongest level in 30 years against the greenback. The Bank of Canada said economic growth and…
New head at Canadian regulator
Jim Flaherty, the Canadian finance minister, has announced the appointment of Julie Dickson as the new head of the country's financial services regulator, the Office of the Superintendent of Financial Institutions (OSFI).
BoC paper: fiscal and monetary interdependence
A new working paper by the Bank of Canada studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level.
Bank of Canada: Financial System Review
The Bank of Canada published, on 21 June, the latest issue of its biennial "Financial System Review."
Provinces press Canadian cb not to raise rates
Ontario was in the forefront of pressure from the Canadian provinces on Bank of Canada governor David Dodge not to raise interest rates.
Gold and inflation - BoC paper
In this Bank of Canada Working Paper, the authors find that the gold price "contains significant information for future inflation for several countries, especially for those that have adopted formal inflation targets."
Options open on Canadian securities regulator
The Canadian government says it will consider an alternative structure for securities regulation if it is favoured by most provincial authorities.
Dodge on demographics
As the first of the baby-boomers begins to retire, Canada's aging population is no longer an abstract issue for policymakers, noted David Dodge, the governor of the central bank.
No need for currency intervention - Dodge
The governor of the Bank of Canada says there is no justification for active market intervention by the central bank to sway the recent strengthening of the Canadian dollar.
Three new directors for the Bank of Canada
Jim Flaherty, Canada's minister of finance, named three new directors for the central bank's board.
Canadian growth beats central bank forecast
The growth of the Canadian economy during the first quarter of this year was stronger than the central bank expected official statistic released on 31 May revealed. The upside shock appears to have sealed the case for rate hikes later this year.
Rates on hold in Canada, Slovakia and Malaysia
A number of central banks have announced this week that interest rates will remain unchanged. Rates will remain on hold in Canada, Slovakia and Malaysia.
Bank of Canada Review, Spring 2007
The Bank of Canada published its Review for Spring 2007 on Thursday 17 May. The Review includes the article 'Renewing the International Monetary Fund: A review of the issues'.
Canada's Dodge on a sound pension system
In the speech 'A sound pension system - Handling risk appropriately' given on 10 May David Dodge of the Bank of Canada said widespread reforms are needed to deal with Canada's private pension fund crisis, including the elimination of tax penalties and…
Canada's Dodge on exchange rate regimes
In the speech 'The importance of appropriate exchange rate regimes' given on 4 May David Dodge of the Bank of Canada said the Canadian dollar's rise in recent years has helped Canada maintain stable growth and inflation as commodity prices rose sharply.
BoC paper on new accounting standards
The Bank of Canada Discussion Paper "Implications of new accounting standards for the Bank of Canada's balance sheet" looks at the new accounting standards implemented by the CICA for the valuation and reporting of financial instruments.
Dodge on the Canadian economy
In a speech given on 2 May David Dodge of the Bank of Canada said domestic demand is likely to continue to be the main driver of growth in Canada.