Bank of Canada

This Recession Is Inconvenient for Harper

Brent Rathgeber | Posted 09.01.2015 | Canada Politics
Brent Rathgeber

The worst kept secret regarding the economy was made official today -- Canada is in a recession. There is nothing technical about it; the definition of a recession is relatively straightforward: two consecutive quarters with negative economic growth. The fact that this definition might not be convenient for a sitting government's, which holds itself out as brilliant economic managers, political fortunes is irrelevant. By any objective standard, the Canadian economy is under-performing.

High House Prices Pushing Up Debt, But We've Got It Covered: BoC

CP | Posted 08.25.2015 | Canada Business

OTTAWA — The Bank of Canada says rising home prices have increased household debt levels, but steps taken by regulators to tighten mortgage lending ...

Oliver 'Overstepped' With Comments On Bank Of Canada Policy: Expert

CP | Posted 07.27.2015 | Canada Business

OTTAWA — The federal finance minister raised eyebrows last week by publicly sharing his opinion on monetary policy — not necessarily because...

Canadian Banks Partially Lower Prime Rate

CP | Craig Wong, The Canadian Press | Posted 07.16.2015 | Canada Business

OTTAWA - The move by the Bank of Canada to cut its key interest rate will help consumers out a little, but experts say with rates already near record ...

Insanity? Cheaper Loans On Offer 12 Minutes After BoC Rate Cut

The Huffington Post Canada | Daniel Tencer | Posted 07.15.2015 | Canada Business

Get ready for Canada’s borrowing frenzy to get even more frenzied, thanks to the Bank of Canada’s interest rate cut — a move even some realtors ...

PMO Tries To Twist Bad Economic News Into Political Advantage

CP | Jordan Press, The Canadian Press | Posted 07.15.2015 | Canada Politics

The Conservative government makes an attempt to turn bad economic news to its political advantage.

BoC Cuts Key Lending Rate, Suggests Economy In Recession

CP | Craig Wong, The Canadian Press | Posted 07.19.2015 | Canada Business

OTTAWA -- The Bank of Canada cut its key interest rate Wednesday as it slashed its outlook for the economy and predicted a pullback in the second quar...

Mr. Harper's Feeble Leadership Has Resulted in a Feeble Economy

Ralph Goodale | Posted 07.14.2015 | Canada Politics
Ralph Goodale

Listening to Stephen Harper talk about the economy, you get the distinct impression that someone else entirely must have been running the country for the past 10 years. Since 2006, Canada has been stuck with the weakest economic growth record in eight decades.

Tories Aim To Boost Economy With Cheques, Spending

CP | Bruce Cheadle | Posted 07.12.2015 | Canada Politics

"If an interest rate of three quarters is not doing the trick, why would we believe an interest rate at a half would make any difference?"

What the Greek Tragedy Means for Canadians

Ivey Business School | Posted 07.08.2015 | Canada Business
Ivey Business School

Greece does not have its own currency to devalue to gain economic relief. And so the nation's debt problem can't be fixed by issuing more loans with conditions that kill economic growth. If truth be told, there has never been a bailout designed to bail out the Greeks. The aid issued to date has been all about buying time to play musical bondholders.

A Regional Divide In Attitudes On The Economy

CP | Craig Wong, The Canadian Press | Posted 07.06.2015 | Canada Business

OTTAWA - The Bank of Canada says there is a divide in business confidence across the country as low oil prices weigh on the outlook for some regions m...

Suddenly, Another Interest Rate Cut Is Back In The Cards

The Huffington Post Canada | Daniel Tencer | Posted 06.30.2015 | Canada Business

Cut could come as soon as July 15 CIBC: 'Indebted households don’t need even lower borrowing costs' Poloz: Soaring household debt a necess...

Bank Of Canada Calls For Closer Financial Integration With U.S.

CP | The Canadian Press | Posted 06.25.2015 | Canada Business

OTTAWA - The Bank of Canada is calling for more financial integration with the United States as a way to ease cross-border trade and banking.Deputy go...

Canadians, Here's How To Check If You Have Unclaimed Cash In Your Name

The Huffington Post Canada | Sunny Freeman | Posted 06.25.2015 | Canada Business

It may not be free money, but it’s the next best thing: Many Canadians are sitting on a pile of forgotten cash that’s free to claim.

Canada's Economy Is Growing Riskier, Bank Of Canada Warns

CP | Andy Blatchford, The Canadian Press | Posted 06.11.2015 | Canada Business

OTTAWA - The still-uncertain fallout from the steep drop in oil prices has left the country's financial system more vulnerable to any significant econ...

Bank Of Canada Holds The Line On Interest Rates

CP | Andy Blatchford, The Canadian Press | Posted 05.27.2015 | Canada Business

OTTAWA - The Bank of Canada is keeping its trendsetting interest rate locked at 0.75 per cent even as recent weakness in the United States raises ques...

Canada's Interest Rates May Drop To Zero

Bloomberg | Posted 05.21.2015 | Canada Business

The Bank of Canada may cut interest rates to zero in the next six to 18 months as a rising Canadian dollar threatens the recovery, according to Fideli...

Bank Of Canada Certain About One Thing: Things Are Uncertain

CP | Andy Blatchford, The Canadian Press | Posted 05.19.2015 | Canada Business

OTTAWA - The recent rise in oil prices and the exchange rate are adding to uncertainty about the direction of the country's economy, Bank of Canada go...

Bank of America Sees Another Rate Cut In Canada's Future

CBC | Posted 05.16.2015 | Canada Business

Bank of America, one of the U.S. biggest banks, says the Bank of Canada may have to cut its key lending rate again later this year. Bank of America ...

How The BoC Plans To Thwart Future Financial Crises

CP | Andy Blatchford, The Canadian Press | Posted 05.05.2015 | Canada Business

"We're using this period of relative calm to sharpen our tools."

Poloz Says He's Not Trying To 'Frighten' Canadians

CP | Andy Blatchford, The Canadian Press | Posted 06.28.2015 | Canada Business

OTTAWA - The governor of the Bank of Canada says he didn't mean to surprise markets in recent months with his stunning interest-rate cut, his startlin...

Should You Buy or Lease a Condo?

Dan S. Barnabic | Posted 06.16.2015 | Canada Business
Dan S. Barnabic

The idea of buying a condo might have crossed your mind, but before you rush into this trendy alternative housing arrangement, keep in mind that vacancies may start climbing later on this year. Here are some basic pros and cons of condo ownership, and compare buying versus leasing a condo unit.

BoC's Governor A Big Star Trek Fan, But No Fan Of 'Spocking' $5 Bills

CP | Andy Blatchford, The Canadian Press | Posted 06.15.2015 | Canada Business

OTTAWA - The governor of the Bank of Canada may be a big Star Trek fan, but he's not about to encourage others to doodle Spock ears on Sir Wilfrid Lau...

Sunny Freeman

Why A Balanced Budget Law Could Mean More Debt For Consumers

HuffingtonPost.com | Sunny Freeman | Posted 04.13.2015 | Canada Business

The Conservatives’ proposal to mandate balanced books “during normal economic times” for future governments could paint the economy into a corne...

Canada's Key Lending Rate Headed To 0%, Ex-BoC Adviser Says

The Huffington Post Canada | Daniel Tencer | Posted 04.08.2015 | Canada Business

Borrowing costs in Canada are already rock bottom, but those eyeing a mortgage or car loan may want to wait a little while, because Canada's interest ...