Bank of Canada

Bank Of Canada Launches Online Surveys On Consumer Expectations

CP | Posted 11.19.2015 | Canada Business

OTTAWA — The Bank of Canada is using a recently launched survey to measure household expectations in several key economic areas. The central b...

Negative Interest Rates? Bank Of Canada Explores Policy Alternatives

CP | The Canadian Press | Posted 11.13.2015 | Canada Business

OTTAWA — The Bank of Canada is launching what it calls an ambitious research agenda to further explore how other countries have responded to cri...

Canada Lost High-Paying Jobs For First Time Since Great Recession

The Huffington Post Canada | Daniel Tencer | Posted 11.11.2015 | Canada Business

High-Paying Jobs Down 50,000 Over Past Year Trudeau May Need To Spend More Than Planned To Boost Economy Another Interest Rate Cut In April?...

This Torontonian Paid Off His Mortgage In 3 Years. Here's How.

CBC | Posted 11.04.2015 | Canada Business

"Ding dong, the mortgage is dead," a jubilant Sean Cooper announces as he sets fire to his mortgage in front of cheering friends outside a Toronto re...

Bank Of Canada Key Interest Rate Unchanged At 0.5 Per Cent

CP | Andy Blatchford | Posted 10.22.2015 | Canada Business

The bank's next rate announcement is scheduled for Dec. 2.

Ottawa's Economic Policy Mix Makes No Sense, Economists Say

CP | Bruce Cheadle, The Canadian Press | Posted 09.16.2015 | Canada Business

OTTAWA — Imagine a Calgary Stampede chuckwagon team pulling in two directions at once. As the three federal party leaders gather in Calgary for ...

This Week: Soaring House Prices, Youth Unemployment And A Leaders' Debate

CP | The Canadian Press | Posted 09.14.2015 | Canada Business

TORONTO — Five things to watch in Canadian business this week: Hot housing: The Canadian Real Estate Association is out with the resale housing sta...

BoC Stands Pat

CP | Craig Wong, The Canadian Press | Posted 09.09.2015 | Canada Business

OTTAWA — The Bank of Canada kept its key interest rate on hold at 0.5 per cent on Wednesday and said the country's resource sector continues to adju...

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...