Canada
Kennedy:Efficiency/transparency in capital markets
In the speech 'Efficiency and Transparency in Canadian Capital Markets' given on 28 October Sheryl Kennedy of the Bank of Canada discusses the importance of promoting efficiency in capital markets, and how transparency can support these efforts. She also…
Canada's Jenkins on governance, markets, policy
In a speech on 'Corporate Governance, Capital Markets, and Canadian Monetary Policy' given on 27 October, Paul Jenkins of the Bank of Canada discusses recent efforts to improve the operation and the regulation of Canadian capital markets, in the wake of…
David Dodge on risks to economic outlook
Bank of Canada Governor David Dodge told the Senate Banking, Trade and Commerce Committee on Thursday that significant risks exist to the economic outlook. These risks relate to the timing and magnitude of adjustments to global economic imbalances. In…
Bank of Canada, Monetary Policy Report, Oct 2003
The Bank of Canada has released its Monetary Policy Report for October 2003. Since the April Report, the Canadian economy has been hit by a number of unusual shocks: SARS, BSE, the Ontario electricity blackout, and the severe forest fires in British…
Statement by David Dodge on Monetary Policy Report
The Governor of the Bank of Canada cautioned that there are still "significant" risks attached to the bank's outlook. "There is uncertainty both about the likely changes in key global exchange rates and their effect of the Canadian economy," David Dodge…
Dodge at the House of Commons Finance Committee
David Dodge told Canada's House of Commons Finance Committee on Wednesday 22 October that the prospects for near-term growth in the global economy have improved since April, and geopolitical uncertainty has continued to decrease. The economic picture in…
Bank of Canada sees lower inflation
The Bank of Canada said on Wednesday 22 October that Canadians can expect lower inflation and increased economic growth next year, according to CBC News. The bank said in its latest monetary policy report that growth is expected to average a bit over 3…
Bank of Canada leaves key rate unchanged
The Bank of Canada held interest rates steady on Wednesday at 2.75 percent, the Canadian Press said. Some economists said the rate should fall to cool the rise in the Canadian dollar.
Bank of Canada statement on interest rate decision
In its statement released 15 October the Bank of Canada said indicators of economic activity and inflation in Canada have evolved broadly in line with the Bank's expectations since the decision to lower rates on 3 September.
Improving monetary policy with inflation targets
In the Bank of Canada Working Paper "A Simple Test of Simple Rules: Can They Improve How Monetary Policy is Implemented with Inflation Targets?" the authors evaluate whether an assortment of simple rules could improve how the Bank of Canada implements…
Jenkins on Monetary Policy and Managing Change
In a speech on 'Monetary Policy and Managing Change' given on 30 September Paul Jenkins of the Bank of Canada reviewed the contribution that Canadian monetary policy makes in helping Canadians adapt to change. He also discusses the rationale for…
Politician calls for Bank of Canada investigation
An opposition politician in Canada has called for a full investigation by the government into the role Bank of Canada governor David Dodge may have played in a financial scandal which emerged while Dodge was deputy minister for health, Reuters reports.
Duguay: Monetary policy supports Canada's economy
In a speech 'How monetary policy supports Canada's economy' given on 24 September Pierre Duguay of the Bank of Canada reviewed the recent record of the Canadian and U.S. economies and discusses the role of monetary policy. He suggests that the protracted…
Canada's Dodge on Fostering Confidence
In a speech on 'Fostering Confidence' given on 10 September, David Dodge of the Bank of Canada said that substantial progress has been made in building investor and consumer confidence in the face of recent economic shocks and corporate finance and…
Inflation to continue falling: Canada's Dodge
In a speech on Wednesday 10 September, reported by Canada Press, Bank of Canada chief David Dodge said inflation had fallen more than expected and would likely continue the downward trend over the next few months.
Canada's Dodge on financing world growth
In a speech on 'Financing World Growth' given on 5 September David Dodge of the Bank of Canada said the G-7 finance ministers and central bank governors have adopted much of the approach to crisis resolution detailed in a joint paper published in 2001 in…
Bank of Canada lowers interest rates
The Bank of Canada lowered its target for the overnight rate by 1/4 percentage point to 2 3/4 per cent on 3 September. In its press release the Bank said since the last interest rate announcement on 15 July, inflation pressures have continued to ease.
Kennedy on monetary policy during economic shocks
In the speech 'Monetary Policy during Economic Shocks: Lessons Learned' given on 26 August Sheryl Kennedy of the Bank of Canada discussed three periods over the past decade when Canada's economy was hit by major shocks. From her perspective she examines…
The Bank of Canada Review - Summer 2003 issue
The Review includes articles on financial developments in Canada, measuring interest rate expectations and dollarization in Canada.
Paper: monetary policy rules with uncertainty
What happens to Taylor rules when uncertainty in the economy increases? A recent paper by Gabriel Srour of the Bank of Canada addresses this question and analyses how the rule changes when uncertainty and time lags increase.
No North American monetary union yet - BoC
In a speech on North American economic integration, reported by Reuters, David Dodge said the Canadian and US economies are currently too diverse for a single currency to work. He also said Canadian provinces needed a more streamlined system to regulate…
Dodge on economic integration in North America
In a speech on 'Economic Integration in North America' given on 7 August David Dodge of the Bank of Canada said from a purely economic perspective, I have, as an economist, a strong predilection for continuing to tear down barriers to trade-preferably,…
Bank of Canada's Dodge sees room to cut rates
Bank of Canada governor David Dodge said the Canadian economy appears likely to grow less rapidly than expected, according to Reuters, at least until September this year and perhaps a bit beyond, until business investment grows.
Dodge expects growth to strengthen at end of 2003
In his opening statement following the release of the Monetary Policy Report Update David Dodge of the Bank of Canada said a number of unanticipated developments have changed the outlook for economic activity and inflation in Canada. Factors supporting a…