Bank of Canada

Liberals' Deficit Won't Be As Big As They Say: PBO

CP | Andy Blatchford, The Canadian Press | Posted 04.19.2016 | Canada Business

The PBO is more optimistic about economic growth than the Liberals.

Poloz Boasts Positives Of Free Trade Amid Anti-Trade Concerns

CP | Alexander Panetta, The Canadian Press | Posted 04.17.2016 | Canada Business

Stephen Poloz will deliver a speech in two weeks in New York on strengthening global trade.

BoC To Leave Key Interest Rate Unchanged

CP | The Canadian Press | Posted 04.13.2016 | Canada Business

The projection for next year has been lowered to 2.3 per cent from 2.4 per cent.

IMF Sees Worse Times Ahead For Canada

CP | David Paddon, The Canadian Press | Posted 04.12.2016 | Canada Business

TORONTO — The International Monetary Fund is lowering its economic growth projections for Canada and the world. Slowing growth in global oil export...

It's Time We Honour Indigenous Women On Canada's Currency

Ranjani Iyer Mohanty | Posted 04.07.2016 | Canada Politics
Ranjani Iyer Mohanty

Justin Trudeau announced on International Women's Day that a Canadian woman will appear on the next series of bank notes expected in 2018. And the Bank of Canada is now inviting nominations as to who should appear on the bill. This is our chance to have a say and perhaps at the same time make a statement.

BoC Names Panel To Help Choose Woman For Banknote

CP | The Canadian Press | Posted 04.05.2016 | Canada Business

A number of academics will help the government choose a women for Canada's currency.

‘Oil-Shocked' Canada Is Beating The U.S. Hands Down: CIBC

The Huffington Post Canada | Daniel Tencer | Posted 04.04.2016 | Canada Business

“Some are questioning whether Canada really needed that fiscal stimulus after all.”

Falling Loonie Is Boosting Canadian Businesses, BoC Says

CP | The Canadian Press | Posted 04.01.2016 | Canada Business

But energy firms still see dark clouds on the horizon.

Oil Crash Cost $1,800 In Income For Every Canadian: BoC

The Huffington Post Canada | Daniel Tencer | Posted 03.30.2016 | Canada Business

It will take a few more years for Canada's economy to rebalance from the oil price shock.

Financial Vulnerabilities Creeping Higher, BoC Says

CP | Andy Blatchford, The Canadian Press | Posted 03.09.2016 | Canada Business

Leaves key lending rate unchanged at 0.5 per cent.

BoC Warns About Email, Social Media Scams

CP | The Canadian Press | Posted 03.01.2016 | Canada Business

>Canada's central bank says the scams are using its logos and letterhead without authorization and misrepresenting it.

Indebted Canadians A Key Weak Spot, Bank Of Canada Says

CP | The Canadian Press | Posted 02.24.2016 | Canada Business

Bank says stimulus spending better than interest rate cuts to grow economy.

Half Of Canadians Are $200 A Month From Insolvency

CP | The Canadian Press | Posted 02.16.2016 | Canada Business

One-quarter of poll respondents already can't cover their bills.

BoC Report Shows We Live In A Whole New Canada

The Huffington Post Canada | Daniel Tencer | Posted 01.22.2016 | Canada Business

It's as if we're living in two different countries.

Bank Of Canada 'Living In Parallel Universe'

The Huffington Post Canada | Daniel Tencer | Posted 01.21.2016 | Canada Business

The Bank of Canada kept its key interest rate at 0.5 per cent Wednesday, likely a relief to a growing number of experts who said cutting rates would s...

Bank Of Canada Rate Cut Risks 'Consumer Shock,' Economists Warn

The Huffington Post Canada | Daniel Tencer | Posted 01.18.2016 | Canada Business

Neither a rate cut nor a rate hike are likely to give the BoC the results it's looking for.

Bank Of Canada: We're Just Going To Have To Ride This Out

CP | The Canadian Press | Posted 01.07.2016 | Canada Business

No simple policy response will fix Canada's economic problems, Poloz says.

Canadians Carrying Consumer Debt In 2016 Face Tough Odds

Douglas Hoyes | Posted 01.05.2016 | Canada Business
Douglas Hoyes

If you are playing with debt in 2016, you have to hope that everything remains stable -- your job, your health, your interest costs, even your relationship. However, based on my experience, if you are in the at-risk category, the odds are against you.

Bank Of Canada Interest Rate: Will It Get Cut Again?

CP | The Canadian Press | Posted 12.23.2015 | Canada Business

Recent data shows the Canadian economy is falling short of expectations.

This Is Canada's 2015 Business Newsmaker Of The Year

CP | Andy Blatchford, The Canadian Press | Posted 12.20.2015 | Canada Business

He was the choice of senior business journalists because of his work throughout a turbulent year.

What Canadians Need To Know About The U.S. Fed's Rate Hike

Penelope Graham | Posted 12.16.2015 | Canada Business
Penelope Graham

The long-awaited liftoff is here: the U.S. Federal Reserve has announced they are raising the Federal Funds Target Rate to 0.5 per cent. It is the first time in seven years the Fed has increased their trend-setting interest rate, which they cut to 0 per cent on December 16, 2008. Markets had widely anticipated the move, with 81 per cent calling for a hike today. As the U.S. is the largest economy in the world, any change it makes reverberates through the rest of the globe, impacting markets and even the cost of borrowing for other countries.

BoC: Indebted Youth Are Canada's Key Economic Risk

CP | Andy Blatchford, The Canadian Press | Posted 12.15.2015 | Canada Business

OTTAWA — The most-important weak spot in the armour of the country's financial system — climbing household debt — is increasingly concent...

Bank Of Canada Chief Subtly Tells Trudeau To Run Deficits

The Huffington Post Canada | Daniel Tencer | Posted 12.10.2015 | Canada Business

Government spending more effective than rate cuts, Poloz says Trudeau hints at larger deficits BoC, feds no longer working at cross-purposes ...

How Poloz's Negative Interest Rate Idea Could Actually Work

CBC | Posted 12.10.2015 | Canada Business

Normally when you put money in a savings account with a bank, you earn money on that deposit. If you were to deposit $100 at a 0.5 per cent interes...

Bank Of Canada: We'll Push Interest Rates Below Zero If Needed

CP | Andy Blatchford, The Canadian Press | Posted 12.08.2015 | Canada Business

The new "bottom" for interest rates is minus-0.5 per cent, Poloz says.