Bank of Canada to Release Monetary Policy Report Update

    OTTAWA, Jan. 21 /CNW Telbec/ - The Bank of Canada's Monetary Policy
Report Update will be released on Thursday, 24 January 2008.

    07:30 Lock-up: Journalists are invited to review the Update under the
          usual conditions of a lock-up, at the Bank's head office in Ottawa
          and at the regional offices in Toronto (150 King Street West,
          Suite 2000) and Montréal (1501 McGill College Avenue, Suite 2030).
          Please be sure to have your press card with you.

    09:00 Media briefing session: Senior Bank officers will provide
          background information and respond to questions on the contents of
          the Update. Journalists in Toronto and Montréal will be linked to
          the briefing by video conference.

          Information gathered at the session may be used freely in news
          reports and commentaries, provided it is not attributed to the Bank
          or its officers. Electronic recording is not permitted.

          Note: The briefing session will take place during the lock-up. For
          security reasons, those wishing to attend must confirm by calling
          Nathalie Smith at 613 782-7382 before noon on Wednesday,
          23 January.

    10:30 End of lock-up and embargo lifted. The Update will be distributed
          as follows:

          - on the Bank's website at
          - through the Parliamentary Press Gallery

    11:15 Press conference: David Dodge, Governor of the Bank of Canada, will
          hold a press conference to discuss the contents of the Update at
          the Press Theatre, National Press Building, 150 Wellington Street,
          Ottawa. He will be accompanied by Senior Deputy Governor
          Paul Jenkins.

          Teleconference: Journalists who would like to take part in the
          press conference by telephone must dial 1 888 265-0464 and refer to
          reservation number 30781741, at least 10 minutes before the event
          is scheduled to begin.

          Webcast: An audio webcast of the press conference will be
          accessible from this location:


For further information:

For further information: Jeremy Harrison, (613) 782-8782,

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