Bank of Canada to Release Monetary Policy Report Update

    OTTAWA, Jan. 19 /CNW Telbec/ - The Bank of Canada's Monetary Policy
Report Update will be released on Thursday, 22 January 2009.

    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, 21

    10:30  End of lock-up and embargo lifted. The Monetary Policy Report
           Update will be available on the Bank's website at

    11:15  Press conference: Mark Carney, 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.

    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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