Bank of Canada

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

CP | Andy Blatchford, The Canadian Press | Posted 03.02.2015 | 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 02.26.2015 | 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 02.24.2015 | 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 02.19.2015 | 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 01.27.2015 | 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 01.26.2015 | 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 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...

INTEREST RATE CUT

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 02.02.2015 | 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...