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Bank of Canada

Raise Rates Now Or Risk Economic Crisis, Canada Told

CP | Julian Beltrame, The Canadian Press | Posted 05.15.2013 | Canada Business

OTTAWA - Incoming Bank of Canada governor Stephen Poloz is already getting advice on what to do once he takes charge next month — start hiking inter...

9/11, The U.S. Housing Bubble And Our New Top Banker

The Huffington Post Canada | Daniel Tencer | Posted 05.05.2013 | Canada Business

Stephen Poloz, the newly-appointed governor of the Bank of Canada, struck many as reserved and, well, boring during his press conference with Finance ...

Canada Has A New Top Banker

The Huffington Post Canada | Posted 05.02.2013 | Canada Business

Stephen Poloz, the head of Export Development Canada, has been named the new governor of the Bank of Canada. Finance Minister Jim Flaherty made the...

Does the Governor of the Bank of Canada Have to Be Canadian?

Robert Waite | Posted 05.02.2013 | Canada Politics
Robert Waite

We don't know for sure who will be tapped for the job of Governor of the Bank of Canada. What we do know is that the individual will be a Canadian. No other nationalities were invited to apply. But, in 2013, does such a citizenship restriction even make any sense? Or is it just another manifestation of good, old-fashioned Canadian parochialism?

Canada Gets A New Top Banker Today: Reports

The Huffington Post Canada | Posted 05.02.2013 | Canada Business

Canada may well have a new top banker before the day is out. Finance Minister Jim Flaherty will name a replacement for current Bank of Canada Gover...

Race To Replace Mark Carney Is On

CP | Julian Beltrame, The Canadian Press | Posted 05.02.2013 | Canada Politics

OTTAWA - With the announcement due in days, the overwhelming odds remain that second-in-command Tiff Macklem will be appointed the next governor of th...

Reflection.. A Hint Of Regret

CP | Julian Beltrame, The Canadian Press | Posted 04.24.2013 | Canada Business

OTTAWA - For Mark Carney it was an afternoon of reflection, a time for measuring successes with just a tinge of lament for unfinished business.Carney,...

Ottawa Should Say No to the Global Currency Casino

Peter Spiro | Posted 04.24.2013 | Canada Business
Peter Spiro

The public has some say in whether to build that casino, but nobody asks Canadians if they want to participate in the much larger casino of the global currency market. If you are unemployed, you are likely one of the losers from this giant virtual casino of international currency trading.

Bad News, Canada

CP | Julian Beltrame, The Canadian Press | Posted 04.17.2013 | Canada Business

OTTAWA - The Bank of Canada sharply downgraded its expectations Wednesday on economic growth for the first half of this year, but held the line on off...

Canadian Firms Turn Pessimistic

CP | Julian Beltrame, The Canadian Press | Posted 04.08.2013 | Canada Business

OTTAWA - Canadian firms have become more pessimistic about the economy and plan to ratchet down investment spending while keeping hiring modest, the n...

Tory Budget Fighting A Problem That Doesn't Exist?

The Huffington Post Canada | Daniel Tencer | Posted 04.02.2013 | Canada Business

The Harper government made Canada’s skilled labour shortage one of the focuses of its recently delivered budget, but data from the Bank of Canada su...

LOOK: A $5 Bill From Molson? When Canada Had Private Money

The Huffington Post Canada | Posted 04.01.2013 | Canada Business

Imagine walking into a cafe, buying a drink with a bill from Molsons Bank, and getting change in the form of a Bank of Montreal bill. Sound like pr...

Suddenly, Not So Worried About Debt

CP | Julian Beltrame, The Canadian Press | Posted 05.06.2013 | Canada Business

OTTAWA - The Bank of Canada is hinting it is less concerned about household debt levels, making it possible to keep attractive interest rates in place...

The Whitewashing of Canadian Currency

Rachel Décoste | Posted 04.12.2013 | Canada
Rachel Décoste

Today, it was revealed that not only were Asian features deemed unworthy of appearing on bank notes, but also Black, Aboriginal, South-Asian and Gay ones, as well. A pattern of institutionalized xenophobia is emerging, and it ain't pretty. The Bank of Canada fiasco is only the latest incident in a long chain of slights.

BoC Keeps Key Interest Rate At 1%

CP | Julian Beltrame, The Canadian Press | Posted 03.25.2013 | Canada Business

OTTAWA - The Bank of Canada said Wednesday interest rates will need to stay at super-low levels longer — likely until 2014, say analysts — after ...

Batten Down Your Mortgage, Rate Hikes Coming: RBC

CP | The Canadian Press | Posted 03.12.2013 | Canada Business

TORONTO - An improvement in the U.S. economy this year would be a boon for Canada — and that could push the central bank to raise interest rates bef...

Carney Named Business Newsmaker, But Are His Achievements Overblown?

CP | Julian Beltrame, The Canadian Press | Posted 02.28.2013 | Canada Business

OTTAWA - Whether as a rising star on the world stage or a central banker under scrutiny amid suggestions of political impropriety at home, it was hard...

IMF To Canada: Whatever You Do, Don't Raise Interest Rates

CP | Julian Beltrame, The Canadian Press | Posted 02.18.2013 | Canada Business

OTTAWA - The International Monetary Fund is telling the Bank of Canada to hold off on interest rate hikes until the economy improves, and not to disco...

Consumer Debt Hits All-Time High, Again

CP | Julian Beltrame, The Canadian Press | Posted 02.12.2013 | Canada Business

OTTAWA - Canadians are more in hock today than ever before, Statistics Canada said Thursday in releasing fresh data on household debt.The new report s...

Canadians Heeded BoC's Warning

CP | Julian Beltrame and David Friend, The Canadian Press | Posted 02.10.2013 | Canada Business

Bank of Canada governor Mark Carney says interest rates may need to rise to discourage excessive borrowing, but adds there is evidence Canadians are a...

BoC Explains How Housing Slump Could Take Down Entire Economy

The Huffington Post Canada | Daniel Tencer | Posted 12.06.2012 | Canada Business

Don’t hit the panic button yet, but the Bank of Canada just outlined how a housing market slowdown could drag down the entire economy with it. ...

BoC: Next Move Will Be Interest Rate Hike

Posted 12.04.2012 | Canada Business

OTTAWA — The Bank of Canada is keeping its trendsetting interest rate at one per cent for the remainder of the year. The central bank's latest ta...

BoC Expected To Announce It Will Leave Interest Rates Unchanged

CP | Malcolm Morrison, The Canadian Press | Posted 02.01.2013 | Canada Business

TORONTO - The Bank of Canada is expected to announce this week that it is leaving interest rates unchanged and continue to give the impression that it...

Would Mark Carney Have Been the Next Liberal Leader?

Raymond Heard | Posted 01.28.2013 | Canada Politics
Raymond Heard

Mark Carney, the Bank of Canada governor who's been appointed to head the Bank of England, may go down in history as the best prime minister Canada never had. Carney has a Harvard and Oxbridge background. He is bilingual, with George Clooney good looks, and the ability to deliver pithy sound-bites. Overall, Carney, 47, was seen as the very antithesis of Justin Trudeau, 40, whose most challenging management mission to date was teaching a high school drama class. Why, then, did he slam his door on this opportunity?

Will New BoC Governor Shake It Up?

CBC | Posted 05.02.2013 | Canada Business

Mark Carney's successor as governor of the Bank of Canada is not expected to implement a radical change in interest rate policy and most likely will h...