Bank of Canada

BoC Report Shows We Live In A Whole New Canada

The Huffington Post Canada | Daniel Tencer | Posted 01.22.2016 | Canada Business

It's as if we're living in two different countries.

Bank Of Canada 'Living In Parallel Universe'

The Huffington Post Canada | Daniel Tencer | Posted 01.21.2016 | Canada Business

The Bank of Canada kept its key interest rate at 0.5 per cent Wednesday, likely a relief to a growing number of experts who said cutting rates would s...

Bank Of Canada Rate Cut Risks 'Consumer Shock,' Economists Warn

The Huffington Post Canada | Daniel Tencer | Posted 01.18.2016 | Canada Business

Neither a rate cut nor a rate hike are likely to give the BoC the results it's looking for.

Bank Of Canada: We're Just Going To Have To Ride This Out

CP | The Canadian Press | Posted 01.07.2016 | Canada Business

No simple policy response will fix Canada's economic problems, Poloz says.

Canadians Carrying Consumer Debt In 2016 Face Tough Odds

Douglas Hoyes | Posted 01.05.2016 | Canada Business
Douglas Hoyes

If you are playing with debt in 2016, you have to hope that everything remains stable -- your job, your health, your interest costs, even your relationship. However, based on my experience, if you are in the at-risk category, the odds are against you.

Bank Of Canada Interest Rate: Will It Get Cut Again?

CP | The Canadian Press | Posted 12.23.2015 | Canada Business

Recent data shows the Canadian economy is falling short of expectations.

This Is Canada's 2015 Business Newsmaker Of The Year

CP | Andy Blatchford, The Canadian Press | Posted 12.20.2015 | Canada Business

He was the choice of senior business journalists because of his work throughout a turbulent year.

What Canadians Need To Know About The U.S. Fed's Rate Hike

Penelope Graham | Posted 12.16.2015 | Canada Business
Penelope Graham

The long-awaited liftoff is here: the U.S. Federal Reserve has announced they are raising the Federal Funds Target Rate to 0.5 per cent. It is the first time in seven years the Fed has increased their trend-setting interest rate, which they cut to 0 per cent on December 16, 2008. Markets had widely anticipated the move, with 81 per cent calling for a hike today. As the U.S. is the largest economy in the world, any change it makes reverberates through the rest of the globe, impacting markets and even the cost of borrowing for other countries.

BoC: Indebted Youth Are Canada's Key Economic Risk

CP | Andy Blatchford, The Canadian Press | Posted 12.15.2015 | Canada Business

OTTAWA — The most-important weak spot in the armour of the country's financial system — climbing household debt — is increasingly concent...

Bank Of Canada Chief Subtly Tells Trudeau To Run Deficits

The Huffington Post Canada | Daniel Tencer | Posted 12.10.2015 | Canada Business

Government spending more effective than rate cuts, Poloz says Trudeau hints at larger deficits BoC, feds no longer working at cross-purposes...

How Poloz's Negative Interest Rate Idea Could Actually Work

CBC | Posted 12.10.2015 | Canada Business

Normally when you put money in a savings account with a bank, you earn money on that deposit. If you were to deposit $100 at a 0.5 per cent interes...

Bank Of Canada: We'll Push Interest Rates Below Zero If Needed

CP | Andy Blatchford, The Canadian Press | Posted 12.08.2015 | Canada Business

The new "bottom" for interest rates is minus-0.5 per cent, Poloz says.

U.S., Canada Will Go Separate Ways On Interest Rates: BoC

CP/HuffPost Canada | Posted 12.02.2015 | Canada Business

OTTAWA — The Bank of Canada says its trend-setting interest rate will remain unchanged because the economy is adjusting as expected to the bite of l...

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 ...