Canadian Mortgage News

January 2002 National Archive

Mortgage News & Press Releases - January 2002

• Minister Gagliano Announces CMHC Housing Awards Program for 2002
  OTTAWA, Ontario, January 8, 2002 — "Affordable Housing Innovations", is the theme of the 2002 Canada Mortgage and Housing Corporation (CMHC) Housing Awards, announced today by the Honourable Alfonso Gagliano, Minister responsible for CMHC.
  
• Housing Starts Up Four Per Cent in December
  OTTAWA, Ontario, January 9, 2002 — The seasonally adjusted annual rate* of housing starts in Canada increased 4.0 per cent in December to 175,500 units from 168,800 units in November, according to Canada Mortgage and Housing Corporation (CMHC).
  
• Bank of Canada lowers key policy interest rate by 1/4 percentage point to 2 per cent
  OTTAWA, Ontario, January 15, 2002 — The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent.
  
• Bank of Canada releases Monetary Policy Report Update
  OTTAWA, Ontario, January 23, 2002 — The Bank of Canada today released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.
  
• Bank of Canada Governor reviews key developments of last year
  WINNIPEG, Manitoba, January 28 2002 — In a speech to The Canadian Club of Winnipeg, Bank of Canada Governor David Dodge today looked back on some of the challenges during his first year in office.
  
• Bank of Canada Governor reviews success of inflation targets
  SASKATOON, Saskatchewan, January 29, 2002 — In a speech to the Saskatoon and District Chamber of Commerce, Bank of Canada Governor David Dodge said today that Canada's inflation-targeting system has led to many benefits for the Canadian economy. The Governor detailed those benefits, which were confirmed when the Bank and the Government of Canada renewed their inflation-control agreement …