Bank of Canada

Bank Of Canada Says It May Issue Digital Currency

CP | Posted 11.14.2014 | Canada Business

OTTAWA —The Bank of Canada says it’s weighing the possible benefits of issuing electronic money. Senior deputy governor Carolyn Wilkins says th...

Encouraging Youth To Engage in Unpaid Work Is a Recipe For Exploitation

Jerry Dias | Posted 11.06.2014 | Canada Politics
Jerry Dias

Poloz is arguably Canada's most powerful economic policymaker. He has the ability to significantly change the bleak outlook facing young workers. Yet in essence, he encouraged unemployed youth to resign themselves to a grim reality, and simply find themselves something else to do. Working for free may not be ideal, he suggested, but it's better than nothing.

Jason Kenney To Bank Of Canada's Poloz: 'Wrong Message'

CP | Abdul Latheef, The Canadian Press | Posted 11.06.2014 | Canada Business

TORONTO - Federal Employment Minister Jason Kenney says he disagrees with the Bank of Canada governor's suggestion that jobless university graduates s...

Here's What The BoC Says Falling Oil Prices Will Do To Canada's Economy

CP | Andy Blatchford, The Canadian Press | Posted 10.30.2014 | Canada Business

OTTAWA - Bank of Canada governor Stephen Poloz estimates that if low oil prices linger they would cut the growth of Canada's gross domestic product by...

Bank Of Canada Still Not Committed To Women On Currency: Petition

CBC | Posted 10.13.2014 | Canada Business

The Bank of Canada is in hot water again over bank note design, just days after it revamped its policies to avoid more embarrassing controversies abou...

We Still Needs Economic Stimulus: BoC

CP | The Canadian Press | Posted 11.22.2014 | Canada Business

TORONTO - Canada's struggling economy still needs the extra boost of monetary stimulus to help keep the recovery on track, says Bank of Canada senior ...

Recovery Not Yet Good Enough To Really Create Jobs: BoC

CP | Steve Rennie, The Canadian Press | Posted 11.03.2014 | Canada Business

OTTAWA - The Bank of Canada held its trend-setting interest rate at one per cent on Wednesday as it said there needs to be continued growth in Canada'...

Inflation Cools, But Food And Shelter Prices Still Rise

CP | Posted 08.22.2014 | Canada Business

OTTAWA -- Canada's annual inflation rate softened in July to 2.1 per cent, down from 2.4 per cent in June. Still, prices were up across the board, ...

Don't Believe Gloomy Headlines - The Global Economy Is Picking Up

Peter Hall | Posted 10.07.2014 | Canada Business
Peter Hall

We expect developing markets to re-emerge. They've gone quiet in the past couple of years, weary of waiting for the world's large economies to get going again. Their recent record has persuaded pundits to throw them into the 'new normal' soup.

Oops: That Mountain On $10 Bill Not As Advertised

CP | Dean Beeby, The Canadian Press | Posted 09.27.2014 | Canada Business

OTTAWA - The Bank of Canada is making a molehill out of a mountain.The central bank had claimed that its new plastic $10 bank notes included an image ...

Why Reports Say Canada's Economy Won't Recover For Several Years

Ralph Goodale | Posted 09.20.2014 | Canada Politics
Ralph Goodale

The Bank is particularly concerned about the substantial decline in the "participation rate" in our labour force since just before the recession in 2008. It reports that 100,000 people aged 25-54 have given up looking for work altogether and that things are even more dire among our youth, with 200,000 dropping out of the labour force.

Bank Of Canada Hints At Major Change On Interest Rate Policy

The Huffington Post Canada | Sunny Freeman | Posted 07.17.2014 | Canada Business

Bank of Canada governor Stephen Poloz says low interest rates may become the “new normal” as Canadians have taken on so much debt that any rate sp...

Canadian Companies Lag Global Peers In Investment: Study

CP | Julian Beltrame, The Canadian Press | Posted 09.15.2014 | Canada Business

OTTAWA - Canadian companies are falling behind rivals in the rest of the world in terms of investment, according to a new report from the C.D. Howe In...

Bank Of Canada: Economy Not Doing As Well As Expected

CP | Julian Beltrame, The Canadian Press | Posted 09.15.2014 | Canada Business

OTTAWA - Bank of Canada governor Stephen Poloz says the economy is still not strong enough to stand on its own and will likely need the boost from sup...

Businesses Losing Their Oomph

CP | Julian Beltrame, The Canadian Press | Posted 09.06.2014 | Canada Business

OTTAWA - The Bank of Canada says Canadian firms are confident about future prospects and the economy — although they are still not totally sold on a...

Here's What's Keeping The Bank Of Canada Up At Night

CP | Julian Beltrame, The Canadian Press | Posted 08.12.2014 | Canada Business

OTTAWA - The Bank of Canada continues to sound the alarm about the country's housing market, adding the risk of failures in the Chinese financial syst...

Joe Oliver Won't Like What Ex-BoC Governor Has To Say

CP | Julian Beltrame, The Canadian Press | Posted 08.11.2014 | Canada Business

OTTAWA - Former Bank of Canada governor David Dodge is taking issue with the notion that balancing government budgets as quickly as possible is the ke...

BoC Fears 'Downside Risks'

CP | Julian Beltrame, The Canadian Press | Posted 08.04.2014 | Canada Business

OTTAWA - The Bank of Canada is keeping its trend-setting interest rate at one per cent, saying economic conditions had worsened somewhat in the past f...

Canadians Can Bank On Low Interest

CP | The Canadian Press | Posted 06.24.2014 | Canada Business

SASKATOON - Canadians can expect to enjoy relatively cheap borrowing costs for some time to come — even after the economy returns to full capacity a...

Uh Oh: BoC Lowers Forecast

CP | Julian Beltrame, The Canadian Press | Posted 06.16.2014 | Canada Business

OTTAWA - Bank of Canada governor Stephen Poloz says he has not ruled out a future cut to interest rates despite evidence disinflationary pressures app...

Latest Economic Outlook Suprisingly Rosy

CP | The Canadian Press | Posted 06.07.2014 | Canada Business

OTTAWA - The latest Bank of Canada survey on business sentiment finds a decidedly more positive outlook, and that may be good news for Canadian worker...

Canada's ‘Too-Big-To-Fail' Problem Worse Than U.S.

The Huffington Post Canada | Daniel Tencer | Posted 04.01.2014 | Canada Business

Even as other countries are working to reduce the problem of “too big to fail” banks, Canada’s financial industry is becoming more concentrated ...

Lowest Loonie In 5 Years

CP | Posted 03.20.2014 | Canada Business

TORONTO - The Canadian dollar continued to fall Thursday as the U.S. currency appreciated after the U.S. Federal Reserve suggested interest rates coul...

Sluggish Economy Is New Normal, Bank Of Canada Says

CP | The Canadian Press | Posted 05.19.2014 | Canada Business

HALIFAX - The loonie fell sharply Tuesday after Bank of Canada governor Stephen Poloz delivered a gloomy speech saying slow economic growth is probabl...

Bank Of Canada Worried About Ukraine

CP | Julian Beltrame, The Canadian Press | Posted 05.05.2014 | Canada Business

OTTAWA - Bank of Canada is keeping its low-interest rate policy in place for a while longer, signalling Wednesday that it remains to be convinced the ...