Bank of Canada

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

CP | Andy Blatchford, The Canadian Press | Posted 04.28.2015 | 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 04.16.2015 | 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 04.15.2015 | 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 | 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 ...

Canada's Interest Rates Headed To Zero, Ex-BoC Analyst Says

Bloomberg | Posted 04.07.2015 | Canada Business

Canada’s central bank will eventually join global peers by cutting interest rates to zero to revive flagging output, said Fidelity Investments’ Da...

Bad Omen For Canada's Economy

CP | Andy Blatchford, The Canadian Press | Posted 04.06.2015 | Canada Business

OTTAWA - The sting of lower oil prices has dampened the confidence of companies when it comes to future sales growth, investment and hiring, the Bank ...

Bank Of Canada's Poloz Warns Of ‘Atrocious' Economic Growth

The Huffington Post Canada | Daniel Tencer | Posted 03.30.2015 | Canada Business

Stephen Poloz is warning that Canada’s economy could miss even scaled-back expectations in the early part of this year, and has hinted the bank coul...

Poloz Defends Surprise Rate Cut

CP | Andy Blatchford, The Canadian Press | Posted 03.26.2015 | Canada Business

OTTAWA - Stephen Poloz stood on an international stage Thursday and defended his surprise January decision to cut the Bank of Canada's key interest ra...

Bank Of Canada Spent $100K On A Single Board Meeting

CBC | Posted 03.27.2015 | Canada Business

A Bank of Canada junket to the oilsands at Fort McMurray, Alta., helped push the cost of a single board of directors meeting last June to over $100,00...

Is The Bank Of Canada Turning Left Wing?

Toronto Star | Posted 03.05.2015 | Canada Business

An important and surprising development has occurred in the dusty world of Canadian monetary policy. The essence of Canada’s monetary policy regime,...

Yes, It's Legal To 'Spock' Your $5 Bills

CP | Andy Blatchford, The Canadian Press | Posted 05.02.2015 | Canada Business

OTTAWA — It turns out there's not a lot of logic in the belief that it's against the law to Vulcanize Wilfrid Laurier's likeness on the $5 bill. ...

Interest Rate Cut Less Likely After Latest Inflation Report

CP | Steve Rennie, The Canadian Press | Posted 04.28.2015 | Canada Business

OTTAWA - Rate cut? What rate cut?Thursday's sluggish January inflation reading from Statistics Canada is the latest signal to many economists that ano...

Poloz Unsure Of Oil Crash's Impact .. But Debt Will Rise

CP | Terry Pedwell, The Canadian Press | Posted 04.26.2015 | Canada Business

LONDON, Ont. - The impact of lower oil prices and how much they will hurt Canada's economy remains unclear, but last month's surprise rate cut gives t...

BoC Warns Canada Could See 'Negative Inflation'

CP | Andy Blatchford, The Canadian Press | Posted 04.21.2015 | Canada Business

OTTAWA - The turbulence of the global oil slump could briefly nudge Canadian inflation into negative territory, but the Bank of Canada sees no reason ...

Why Are Harper and the Bank of Canada Following Contradictory Strategies?

Ralph Goodale | Posted 03.29.2015 | Canada Politics
Ralph Goodale

It's strange indeed to see the federal government and the central bank headed in opposite and contradictory directions. The Bank of Canada is moving to stimulate greater growth, while Mr. Harper pushes more austerity -- with the net effect of reducing aggregate demand.

..And Here Comes The Latest Mortgage Rate War

The Huffington Post Canada | Daniel Tencer | Posted 01.26.2015 | Canada Business

In the days after the Bank of Canada surprised everybody with a cut to the key lending rate last week, everyone was wondering whether mortgage rates w...

BoC Will Cut Rates Again: Bank

CP | Andy Blatchford, The Canadian Press | Posted 03.28.2015 | Canada Business

OTTAWA - The squeeze of the oil slump is prompting one of Canada's biggest banks to slash its 2015 forecast for the country's economy and warn that an...

Oliver Won't Meddle With Banks' Decisions On Rates

CP | The Canadian Press | Posted 03.25.2015 | Canada Politics

OTTAWA - Federal Finance Minister Joe Oliver says he has no intention of pushing Canadian banks to follow the Bank of Canada's lead and drop their rat...

Interest Rate Cut Buys You Some Breathing Room, Not A New House

CP | By Ross Marowits, The Canadian Press | Posted 01.22.2015 | Canada Business

MONTREAL — The Bank of Canada's surprise interest rate cut may provide some financial relief for borrowers, but experts say the main focus of Canadi...

The Markets Love It: Stocks Soar On Surprise Interest Rate Cut

CP | Posted 01.21.2015 | Canada Business

TORONTO — The Toronto stock market was sharply higher Wednesday amid a surprise rate cut by the Bank of Canada and increased confidence about what t...


CP | Posted 01.21.2015 | Canada Business

OTTAWA -- The looming economic threat of sliding oil prices is forcing the Bank of Canada to unexpectedly cut its trend-setting rate to three quarters...

Bank Of Canada Sees Sun Rising On The East, Setting On The West

CP | Andy Blatchford, The Canadian Press | Posted 03.14.2015 | Canada Business

OTTAWA - The Bank of Canada says while plummeting oil prices have darkened the confidence of firms linked to the energy sector, Canadian businesses ov...

Um, About Those Interest Rate Hikes..

CBC | Posted 03.09.2015 | Canada Business

Analysts have predicted this will be the year that the Bank of Canada raises its benchmark interest rate. And it could very well be the year it does. ...

Interest Rate Hike Survival 101

CBC | Posted 03.07.2015 | Canada Business

The Bank of Canada is expected at some point in the year to hike interest rates, and even a small and gradual hike would affect millions of Canadian...