Canada
It's time to create the 'amero'
ARTICLE - In an article in the Canadian National Post on Friday Herbert Grubel introduces the idea of the 'amero' a single currency between Canada the USA and possibly Mexico along the same lines as the euro. He also tries to unravel some apparent…
Dollarization in Canada: The Buck Stops There
RESEARCH - In a Technical Report from the Bank of Canada published August 2002, John Murray and James Powell consider the debate in Canada concerning the potential benefits of formally adopting the U.S. dollar as the national currency.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Releases Monetary Policy Report Update, 24 July.
Bank of Canada, Monetary Policy Report Update
REPORT - Bank of Canada, Monetary Policy Report Update, July 2002. The report projects economic growth for Canada in the range of 3 to 4 per cent to the end of 2003. The report also says the Bank is committed to achieving the 2 per cent target for…
Speech by David Dodge of Bank of Canada, 24 July
SPEECH - In his opening statement on the release of the Monetary Policy Report Update Dodge said that keeping inflation low and stable is the best contribution that monetary policy can make to sustained economic growth in Canada.
Canada auditors get new monitor
CANADA - Canadian securities regulators and accountants have formed a new body to address investors' lack of confidence in financial statements.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada raises overnight rate target by 1/4 percentage point to 2 3/4 per cent, 16 July.
Bank of Canada raises rates for 3rd time this year
CANADA - The Bank of Canada on Tuesday raised its overnight interest rate to 2.75 percent from 2.5 percent to keep the soaring economy in check, but sounded a cautious note about the future, saying market uncertainty and corporate developments meant the…
Speech by David Dodge of Bank of Canada, 11 Jun
SPEECH - In a speech titled 'Trust, Transparency, and Financial Markets' Dodge told an audience in Nova Scotia that the Canadian economy's strong performance thus far in 2002 has exceeded the Bank's own forecasts.
Bank of Canada's promotional video
VIDEO - the Bank of Canada had released an online video detailing how the bank maintains the value of the Canadian dollar.
Canada- outspoken board member not re-appointed
CANADA - Raymond Garneau, a former Quebec Liberal finance minister, has not been reappointed to the the board of the Bank of Canada after he publicly called for Prime Minister Jean Chretien to resign.
Bank of Canada Working Paper 2002-16
RESEARCH - The Bank of Canada has published a paper titled 'A Market Microstructure Analysis of Foreign Exchange Intervention in Canada', by Chris D'Souza. He concludes that central banks considering intervention must also consider both the signal it…
Bank of Canada Working Paper 2002-15
RESEARCH - The Bank of Canada has pubished a paper on 'Corporate Bond Spreads and the Business Cycle' by Zhiwei Zhang. It examines the predictive power of credit spreads from the corporate bond market. High-yield bond and investment-grade spreads can…
Bank of Canada raises rates by 1/4%
CANADA - The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2…
Speech by David Dodge of Bank of Canada, 24 May
SPEECH - Convocation address by David Dodge, Governor of the Bank of Canada to the graduating class of the Faculty of Engineering, Queen's University, Kingston, Ontario, 24 May.
Speech by Malcolm Knight of Bank of Canada, 23 May
SPEECH - Remarks by Malcolm Knight, Senior Deputy Governor of the Bank of Canada to the Chambre de commerce et d'industrie du bassin de Chambly, Chambly, Quebec, 23 May.
Bank of Canada Review, Spring 2002
RESEARCH - The Bank of Canada Review is a quarterly publication that contains economic commentary and feature articles. The Spring 2002 edition was released on 16 May.
Speech by David Dodge of Bank of Canada, 14 May
SPEECH - In a speech titled 'International Financial Architecture and the Resolution of Financial Crises' Dodge reviewed the progress made in strengthening the international financial architecture, preventing global financial crises, and expediting…
Speech by David Dodge of Bank of Canada, 9 May
SPEECH - In the speech titled 'Canada's Recent Economic Performance' Dodge said the terrorist attacks in September created a great deal of uncertainty and the consequent aggressive lowering of interest rates resulted in annualised growth of 2 percent…
Bank of Canada Working Paper
RESEARCH - Modelling Financial Instability: A Survey of the Literature by Alexandra Lai, Bank of Canada, May 2002.
Speech by David Dodge of Bank of Canada, 30 Apr
SPEECH - In a speech made Tuesday, Dodge, justifying the Canadian central bank's hiking interest rates before the U.S. Federal Reserve, said that the Canadian economy was closer to full capacity than that of the United States.
Speech by David Dodge of Bank of Canada, 26 Apr
SPEECH - In a speech titled 'The Interaction Between Monetary and Fiscal Policies' Dodge said that Canadian monetary and fiscal policies both went badly off course just over 25 years ago. It then took 15 to 20 years to establish the appropriate focus for…
Speech by David Dodge of Bank of Canada, 24 Apr
SPEECH - Dodge told the finance committee of the House of Commons on Wednesday that a currency union between Canada and the United States is feasible but that doesn't mean it's desirable.
Bank of Canada Monetary Policy Report, April 2002
REPORT - The Bank of Canada today released its semi-annual Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy, 24 April.