Tag: Stability

Financial Stability in an Uncertain World

We’ve learned from the past In the past few years, changes to mortgage rules, along with higher interest rates, have helped slow the accumulation of debt by Canadians and cooled the housing market. But these are still our biggest vulnerabilities, and we’ll be watching them closely. News – Bank of Canada

Canadian Army seeks stability with new commander

OTTAWA—Cannons boomed on Parliament Hill as the military installed a new Canadian Army commander Tuesday, hoping to march past years of instability in the most senior ranks over the failed prosecution of Vice-Admiral Mark Norman. Under a cloudless sky on the lawn in front of Centre Block, Lt.-Gen. Wayne Eyre officially took the reins of…

Financial Stability: Taking Care of Unfinished Business

A clear lesson of history is that a “sine qua non” for sustained economic recovery following a financial crisis is a thoroughgoing repair of the financial system.(Former Chair of the US Federal Reserve System Janet Yellen, 2009) Introduction Here we are, 10 years after the financial crisis, still tallying the costs,…

Anchoring Expectations: Canada’s Approach to Price Stability

Introduction Thank you for the invitation to speak to you today here in the hometown of James Coyne. Mr. Coyne, who died in 2012, was the governor of the Bank of Canada from 1955 to 1961. As governor, he stressed that price stability should be the primary function of monetary policy. That…