Canada
Bank of Canada Monetary Policy Report, Oct 2005
The Bank of Canada released its October 2005 Monetary Policy Report on 20 October. The latest report says the global and Canadian economies have continued to grow at a solid pace, and the Canadian economy now appears to be operating at full production…
Bank of Canada raises interest rates
The Bank of Canada announced on Tuesday 18 October that it is raising its main interest rate by 0.25% to 3%. The Bank noted there have been significant movements in energy prices and the Canadian dollar has traded in a higher range against the U.S…
Bank of Canada, Business Outlook Survey, Autumn 05
The Bank of Canada published its Autumn 2005 Business Outlook Survey on 7 October, saying firms overall remain positive about the economic outlook.
Canada's Macklem on the inflation target
In the speech 'The inflation target: More than just a target' given on 6 October Tiff Macklem of the Bank of Canada discusses the Bank of Canada's inflation-targeting system, which aims to keep inflation low, stable, and predictable in order to promote…
Canada's Dodge says G7 wary of global deflation
The G7 needs to move swiftly to correct global imbalances in savings and investment or face the risk of worldwide deflation within ten years, Bank of Canada governor said on Tuesday 4 October.
Canada's Longworth on monetary policy
In the speech 'Monetary policy: One instrument, one target' given on 29 September David Longworth of the Bank of Canada said the Canadian economy will feel only a modest impact from hurricanes Katrina and Rita, but higher oil prices will result in a…
Canada's Dodge on financial system efficiency
In the speech 'Financial system efficiency: Getting the regulatory framework right' given on 22 September David Dodge of the Bank of Canada said that the inflation rate can be expected to rise in coming months, thanks largely to high energy costs, which…
Canada's Dodge on global imbalances
In the speech 'The evolution and resolution of global imbalances' given on 9 September, David Dodge of the Bank of Canada said global economic imbalances will not be solved through adoption of flexible foreign exchange rates alone.
Bank of Canada raises interest rates by 0.25%
The Bank of Canada announced on Wednesday 7 September that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 3/4 per cent.
Bank of Canada counterfeit deterrence awards
The Bank of Canada has announced the 2005 recipients of its annual Law-Enforcement Award of Excellence for Counterfeit Deterrence.
Bank of Canada Review, Summer 2005
The Bank of Canada published its Review for Summer 2005 on 18 August. The Review contains three articles including "Estimating the impact of monetary policy surprises on fixed-income markets" and "Recent trends in Canadian defined-benefit pension sector…
Bank of Canada's speech for 25 August cancelled
A speech that Bank of Canada deputy governor Sheryl Kennedy was due to give in New Brunswick on 25 August has been cancelled, the central bank said on Thursday 19 August.
China reveals details of yuan basket
China announced major currency market reforms on Wednesday 8 August and also published details of the basket of currencies to which the bank refers in managing the float of the yuan.
Bank of Canada appoints Special Adviser
The Bank of Canada announced the appointment of Bruce Little on Thursday to the position of Special Adviser for the year 2005-06.
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its July Monetary Policy Report Update on 15 July. The Bank said it expects Canada's economy to grow by about 2.7 per cent in 2005 and 3.3 per cent in 2006.
Bank of Canada keeps interest rates at 2.5%
The Bank of Canada announced on Tuesday 12 July that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.
Bank of Canada, Business Outlook Survey, Summer 05
The Bank of Canada published its Summer 2005 Business Outlook Survey on 4 July, reporting that businesses remain optimistic about the economic outlook.
Canada's Dodge on the international monetary order
In the speech 'The international monetary order and the Canadian economy' given on 28 June, David Dodge of the Bank of Canada said that while imbalances in global savings and investment flows are an international problem, policy-makers can help resolve…
Dodge calls for G8 focus on imbalances
Bank of Canada governor David Dodge urged the Group of Eight to focus more on imbalances affecting global prosperity than on Africa and climate change.
Canada paper on central bank credibility
The Bank of Canada Working Paper "Endogenous central bank credibility in a small forward-looking model of the U.S. economy" considers linkages between inflation and the economy's cyclical position, which are thought to be strongly affected by the…
Canada's Dodge on adjusting to change
In the speech 'Adjusting to change' given on 15 June, David Dodge of the Bank of Canada said nations are being affected by the same powerful forces - growing competition from emerging-market economies, such as China and India, and large and growing…
Bank of Canada Financial System Review, Jun 2005
The Bank of Canada published its semi-annual June 2005 Financial System Review on 9 June. If China's economy were to stall its way into a "hard landing," the biggest hit for Canada would come indirectly through a decline in global commodity prices, the…
Canada's Dodge urges fast yuan float
Bank of Canada Governor David Dodge on Thursday 9 June urged China to move to a floating exchange rate system as soon as possible.
Canada's Dodge on monetary policy & exchange rates
In the speech 'Monetary policy and the exchange rate in Canada' given on 2 June David Dodge of the Bank of Canada said Canada's success with a floating currency could be a good model for China to consider.