Bank of Canada

Oliver Won't Meddle With Banks' Decisions On Rates

CP | The Canadian Press | Posted 01.23.2015 | 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 01.12.2015 | 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 01.07.2015 | 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 01.06.2015 | 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...

Get Ready For Interest Rate Shock

CBC | Posted 01.05.2015 | Canada Business

2015 is expected to be the first time in five years that benchmark interest rates are moved upwards, increasing the cost of borrowing. The U.S. Federa...

Bank Of Canada Head Wants To Know How Star Trek's Economy Works

The Huffington Post Canada | Daniel Tencer | Posted 12.12.2014 | Canada Business

Bank of Canada governor Stephen Poloz is casting around for new models for the financial system in the wake of the Great Recession, and he’s looking...

BoC: Houses Overvalued, Risky Lending Now A Problem

CP | Posted 12.10.2014 | Canada Business

OTTAWA — The Bank of Canada says housing prices could be overvalued by as much as 30 per cent, but governor Stephen Poloz maintains the country's st...

Canada's Catch-22: Bankruptcies Could Soar If Economy Improves

The Huffington Post Canada | Daniel Tencer | Posted 12.09.2014 | Canada Business

There is a Catch-22 in Canada’s economy, which is this: When things get good again, it will cause things to go bad. That’s because Canadians ha...

If You Want To See Women On Canadian Money, Now's The Time

The Huffington Post Canada | Jesse Ferreras | Posted 12.06.2014 | Canada Business

The Bank of Canada wants Canadians to help it design a bank note to celebrate the 150th anniversary of Confederation. This may finally be an opport...

Sliding Oil Prices, Household Debt Top Bank Of Canada's Worries

CP | Andy Blatchford, The Canadian Press | Posted 12.03.2014 | Canada Business

OTTAWA - Bank of Canada governor Stephen Poloz is keeping the trend-setting interest rate at one per cent, even as Canada's recent economic performanc...

Canada Seeing Biggest Price Hikes In The Developed World: Report

The Huffington Post Canada | Daniel Tencer | Posted 11.24.2014 | Canada Business

Outside of Japan, which has seen prices spike due to a tax hike, Canada has the highest inflation rate among major industrialized nations. That’s...

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 01.06.2015 | 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 01.06.2015 | 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 12.30.2014 | 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 12.12.2014 | 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.