Canada
Bank of Canada Monetary Policy Report Update
The Bank of Canada on 17 July released its Update to the April Monetary Policy Report. The Update reviews economic and financial trends in the context of Canada's inflation-control strategy. The July Update highlights a number of unanticipated…
Bank of Canada trims growth and inflation forecast
The Bank of Canada again reduced its growth forecast for 2003 on Thursday. Bank Governor David Dodge referred to "unanticipated" developments that have caused it to lower its forecast, including SARS, BSE and the rising value of the Canadian dollar…
Duguay - Is Canada marching to a different beat?
In a speech entitled 'Is the Canadian Economy Marching to a Different Beat?' given on 13 June Pierre Duguay of the Bank of Canada discusses why the Canadian economy stands out, with strong domestic demand, at a time when other national economies are…
Bank of Canada lowers interest rates 0.25%
Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 3 per cent, 15 July. In its press release the bank referred to "unanticipated developments" that bear on the outlook for inflation and economic activity in Canada.
Paper: monetary policy rules vis a vis uncertainty
The author of this Bank of Canada Working paper, Gabriel Srour, explores the role that Taylor-type rules can play in monetary policy, given the degree of uncertainty in the economy. It is shown that if the degree of persistence of inflation in the…
Bank of Canada Financial System Review, Jun 2003
The Bank of Canada published its semi-annual Financial System Review on 25 June. The Canadian financial system has continued to display impressive resilience in the face of global financial stress. Pressure on the financial positions of Canadian firms…
BoC wants reformed securities regulation
In a report published Wednesday the Bank of Canada called for reform of its securities regulator warning on the inefficiencies of a system broken up among about a dozen regional regulators.
Norges Bank report on the decision-making process
David Longworth, Deputy Governor of the Bank of Canada, and Asbjrn Rdseth, Professor of Economics at the University of Oslo, have evaluated the strategy documents for 2002 and other material submitted to the Norges Bank Board in connection with the…
Bank of Canada appoint sSpecial Adviser
The Bank of Canada on Friday 20 June announced the appointment of Professor John Helliwell to the visiting-economist position of Special Adviser during 2003 and 2004.
Canada's Dodge on recent economic developments
In a speech on 'Recent Economic Developments and the Conduct of Monetary Policy' David Dodge of the Bank of Canada said looking forward, it remains our view that growth in Canada's economy will be underpinned by the strength of domestic demand and a…
Dodge on recent economic developments
In a speech on 'Recent Economic Developments and the Conduct of Monetary Policy' David Dodge of the Bank of Canada reviewed some of the developments that are influencing both demand and prices for Canadian goods and services.
Dodge says 'It All Starts with the Data'
In a speech entitled 'It All Starts with the Data' David Dodge of the Bank of Canada paid tribute to the unsung heroes behind central bankers and other policy-makers. Statisticians, he said, "constantly labour under tight resource, financial, and time…
Sound economics help - Dodge speech
David Dodge identifed the Bank of Canada's inflation-targeting regime as a key stablising force for the Canadian economy. He was speaking in Berlin at the to the German-Canadian Business Club.
Bank of Canada holds interest rates at 3.25%
Bank of Canada keeps target for the overnight rate at 3 1/4 per cent, 3 June.
Kennedy on business continuity planning
In a speech on 'Business Continuity Planning for the Financial Sector: Developing a System-Wide Approach' Sheryl Kennedy of the Bank of Canada said talks about the importance of Business Continuity Planning (BCP) and disaster recovery, in the context of…
Jenkins on modern central banking in Canada
In a speech om'Modern Central Banking: A Canadian Perspective' Paul Jenkins of the Bank of Canada said there is no doubt that today we have a better understanding of what monetary policy can do and cannot do, who should be responsible for it, and how it…
Bank of Canada Review, Spring 2003
The Bank of Canada published its Review for Spring 2003 on 15 May. The Review contains articles titled The Bank of Canada: Moving Towards Transparency, Inflation Targeting and Medium-Term Planning: Some Simple Rules of Thumb, Conference Summary: Price…
Freedman on financial stability
In a speech on 'Financial Stability: National and International Issues' Charles Freedman of the Bank of Canada discussed recent developments in the area of financial stability -i nternational and national.
Dodge on policies to sustain growth
In a speech on 'Policies to Sustain Growth Domestically and Internationally' David Dodge of the Bank of Canada said it's an interesting time to be a Canadian at meetings such as the BIS meeting he attended Monday. My colleagues from other central banks…
Report says Bank of Canada broke contract rules
The Canadian Press reports that the Bank of Canada apparently broke its own financial rules over the awarding of contracts worth millions of dollars. Apparently the Bank twice hired consulting firms without getting competing bids and then paid them…
Statement by David Dodge to the Senate Committee
In his opening statement to the Senate Banking, Trade and Commerce Committee David Dodge said the Canadian economy should strengthen towards the end of 2003, partly thanks to a pickup in U.S. economic activity with average annual growth in Canada is…
Monetary policies working well for Canada: Dodge
Canadian Press reported that Bank of Canada chief David Dodge said on Wednesday 30 April that the Canadian dollars independence from the US has allowed it to rise in recent months, on the back of a strong economy, while the US has suffered sluggish…
Dodge statement to Canada's Finance Committee
In his opening statement to the House of Commons Finance Committee David Dodge of the Bank of Canada said we expect that economic growth in the second quarter will be somewhat weaker than we projected in the Monetary Policy Report because of the impact…
Bank of Canada appoints new deputy governors
The Bank of Canada announced the appointment of two deputy governors to its interest rate setting governing council on Tuesday. David Longworth joined the Bank of Canada in 1974 and Mark Carney represents the addition of an outsider from an investment…