Archive for October, 2008

Each year since 2004, the Bank of Canada has surveyed banks that are active in the Canadian-dollar foreign exchange market. Survey questions focus on the foreign exchange hedging activities of their Canadian corporate customers in order to better understand the degree and manner to which hedging activities are evolving in corporate Canada (whether through reliance on natural hedges or through the use of financial market instruments) and to gauge the extent to which the banks' corporate client base relies on such strategies to manage the effects of changes in the level of the Canadian dollar.

OTTAWA – The Bank of Canada today released its October Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.

 

Good morning and thank you for joining us. Before I discuss today's Monetary Policy Report, which reflects the Bank of Canada's latest thinking on the economy, I would like to say a few words about the global financial crisis. We realize that this has created a great deal of uncertainty and stress. We understand the severity of the situation, and we are taking action to address it.

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