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2008 Release dates for major economic indicators : The Daily.
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Add to Favourites | Hourly | Daily | Weekly Add to Favourites | Hourly | Daily | Weekly Add to Favourites | Hourly | Daily | Weekly Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 per cent : 22/04/08 | 13:00 GMT
OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 3 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 1/4 per cent.
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The Canadian Foreign Exchange Committee (CFEC) was founded in 1989. It is composed of senior officers from financial institutions actively involved in Canada's foreign exchange market and the Canadian dollar market globally. It also includes representatives from the inter-dealer electronic and voice brokers, the Bank of Canada and the Department of Finance. The president of the Financial Markets Association of Canada (FMAC) and the chair of the Canadian Committee for Professionalism (CCFP) are ex-officio members. The CFEC's objective is to provide a forum for the regular discussion of issues and developments pertinent to the foreign exchange market, including the review of market practices and procedures.
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Written by John Kicklighter, Currency Analyst.
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