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Bank of Canada

  • Canadians Will Have to Wait a Bit Longer for Interest Rate Drop: Bank of Canada Governor
    Canadians Will Have to Wait a Bit Longer for Interest Rate Drop: Bank of Canada Governor
    Canadians will have to wait for interest rates to come down, despite the country heading in the right direction in the battle against inflation, according to Bank of Canada Governor ...
    May 1, 2024BY Doug Lett
  • ANALYSIS: Bank of Canada Mum on Measure of Full Employment Amid Weakening Job Market
    ANALYSIS: Bank of Canada Mum on Measure of Full Employment Amid Weakening Job Market
    The BoC’s primary goal is to return inflation to 2 percent but it also has to support maximum ...
    March 7, 2024BY Rahul Vaidyanath
  • Bank of Canada Holds Policy Rate at 5%, Reiterates Inflation Outlook Concern
    Bank of Canada Holds Policy Rate at 5%, Reiterates Inflation Outlook Concern
    The Bank of Canada held its policy rate at 5 percent on March 6, and said it remains ...
    March 6, 2024BY Rahul Vaidyanath
  • BoC Expected to Hold Interest Rates This Week as Grey Cloud Hangs Over Economy
    BoC Expected to Hold Interest Rates This Week as Grey Cloud Hangs Over Economy
    The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists ...
    March 4, 2024BY The Canadian Press
  • Canada Avoided Recession With Modest Growth at End of 2023
    Canada Avoided Recession With Modest Growth at End of 2023
    Canada yet again dodged the recession bullet after posting modest fourth-quarter growth in 2023, making it likely the ...
    March 1, 2024BY Jennifer Cowan
  • Central Bank Governor Admits Errors Were Made Fighting Inflation
    Central Bank Governor Admits Errors Were Made Fighting Inflation
    Mistakes were made fighting recent inflation, Bank of Canada Governor Tiff Macklem has detailed in a new essay. ...
    February 21, 2024BY William Crooks
  • Digital Dollar Could Threaten Banking Sector, Financial Stability: BoC Research
    Digital Dollar Could Threaten Banking Sector, Financial Stability: BoC Research
    How to ensure financial privacy remains a major obstacle for CBDCs
    February 21, 2024BY Rahul Vaidyanath
  • Canada’s Inflation Rate Tumbled to 2.9% in January, Grocery Prices Rise More Slowly
    Canada’s Inflation Rate Tumbled to 2.9% in January, Grocery Prices Rise More Slowly
    Canada’s annual inflation rate fell to 2.9 percent last month, marking a sharper deceleration in price growth than ...
    February 20, 2024BY The Canadian Press
  • Economists Expect Inflation Eased in January, but Housing Still ‘Thorn’ in BoC’s Side
    Economists Expect Inflation Eased in January, but Housing Still ‘Thorn’ in BoC’s Side
    As the Bank of Canada waits for the right moment to start cutting interest rates, some economists are ...
    February 19, 2024BY The Canadian Press
  • Coyne Affair: The Unprecedented Public Spat Between the Bank of Canada Governor and the PM
    Coyne Affair: The Unprecedented Public Spat Between the Bank of Canada Governor and the PM
    Commentary Former U.S. President Donald Trump said earlier this month that if he returns to the White House ...
    February 16, 2024BY C.P. Champion
  • Lower Government Spending Would Decrease Inflation Faster, Bank of Canada Governor Says
    Lower Government Spending Would Decrease Inflation Faster, Bank of Canada Governor Says
    The governor of the Bank of Canada says the country’s inflation rate would drop more quickly if future ...
    February 2, 2024BY William Crooks
  • ANALYSIS: Why Bank of Canada May Not Cut Rates as Fast as Markets Expect
    ANALYSIS: Why Bank of Canada May Not Cut Rates as Fast as Markets Expect
    Global macro strategist notes that skyrocketing population growth necessitates higher interest rates.
    January 24, 2024BY Rahul Vaidyanath
  • Bank of Canada: ‘Strong Population Growth Is Supporting Inflation in Rental Prices’
    Bank of Canada: ‘Strong Population Growth Is Supporting Inflation in Rental Prices’
    The Bank of Canada, in a recent analysis, focused on Canadian housing cost trends and noted that “strong ...
    January 24, 2024BY William Crooks
  • Bank of Canada Holds Key Rate at 5%, Indicates Thinking Shifting Toward Rate Cuts
    Bank of Canada Holds Key Rate at 5%, Indicates Thinking Shifting Toward Rate Cuts
    OTTAWA—The Bank of Canada (BoC) held its key interest rate at 5 percent Jan. 24, as widely expected, ...
    January 24, 2024BY Rahul Vaidyanath
  • Freeland Says Dream of Home Ownership ‘Alive and Well’ Despite High Interest Rates
    Freeland Says Dream of Home Ownership ‘Alive and Well’ Despite High Interest Rates
    Finance Minister Chrystia Freeland says the Canadian dream of buying a first home is “alive and well,” despite ...
    January 22, 2024BY William Crooks
  • All Eyes on the BoC This Week for Any Hints on When It Plans to Cut Interest Rates
    All Eyes on the BoC This Week for Any Hints on When It Plans to Cut Interest Rates
    As the Bank of Canada gears up to announce its next interest rate decision on Jan. 24, economists ...
    January 21, 2024BY The Canadian Press
  • Extreme Weather Drives Demand for Payday Loans: Bank of Canada
    Extreme Weather Drives Demand for Payday Loans: Bank of Canada
    Sudden increases in payday lending go hand-in-hand with extreme weather, Bank of Canada (BoC) researchers have discovered.  A ...
    January 10, 2024BY Jennifer Cowan
  • Bank of Canada Trademarks ‘Digital Canadian Dollar’
    Bank of Canada Trademarks ‘Digital Canadian Dollar’
    The move comes despite public consultations that found a large majority of Canadians (85 percent) say they would ...
    January 8, 2024BY Jennifer Cowan
  • Economists See ‘Turning Point’ in Housing Market This Year as Interest Rate Cuts Loom
    Economists See ‘Turning Point’ in Housing Market This Year as Interest Rate Cuts Loom
    January 8, 2024BY The Canadian Press
  • Canada to See Spring Interest Rate Cuts and Economic Growth by Year’s End, Deloitte Predicts
    Canada to See Spring Interest Rate Cuts and Economic Growth by Year’s End, Deloitte Predicts
    The firm says the expected rate cuts will relieve some of the price pressures though Canadians shouldn’t expect ...
    January 4, 2024BY Jennifer Cowan
  • Canada’s Economy Had ‘Rare’ Economic Retraction in 2023 Despite Absence of Recession: Report
    Canada’s Economy Had ‘Rare’ Economic Retraction in 2023 Despite Absence of Recession: Report
    The report by National Bank Financial also warns that hiring in the labour market is not keeping pace ...
    December 27, 2023BY Matthew Horwood
  • ‘Excessive’ Immigration Is Putting Pressure on Inflation: Scotiabank Economist
    ‘Excessive’ Immigration Is Putting Pressure on Inflation: Scotiabank Economist
    In evaluating the latest inflation data, economist Derek Holt noted “Canada’s torrid rate of population growth is adding ...
    December 20, 2023BY Noé Chartier
  • Freeland Keeps Mum on Timeline for Determining Alberta’s CPP Entitlement
    Freeland Keeps Mum on Timeline for Determining Alberta’s CPP Entitlement
    Citing the "complicated" nature of pensions and need for all provinces and territories to weigh in, Finance Minister ...
    December 16, 2023BY The Canadian Press
  • Bank of Canada Governor Says Inflation Expected to Near 2 Percent by End of 2024
    Bank of Canada Governor Says Inflation Expected to Near 2 Percent by End of 2024
    The governor of the Bank of Canada (BoC) says he expects the country’s inflation rate to be close ...
    December 16, 2023BY Chandra Philip
  • ANALYSIS: Nosediving Oil Prices—What’s Facing Canada’s Economy, Energy Sector
    ANALYSIS: Nosediving Oil Prices—What’s Facing Canada’s Economy, Energy Sector
    The price of the U.S. crude benchmark West Texas Intermediate (WTI) dipped below US$69 per barrel on Dec. ...
    December 13, 2023BY Rahul Vaidyanath
  • ANALYSIS: Bank of Canada Still in Rate-Hike Mode as Recession Indicators Mount
    ANALYSIS: Bank of Canada Still in Rate-Hike Mode as Recession Indicators Mount
    The Bank of Canada painted a picture of a worsening economy, but not one that needs a cut ...
    December 6, 2023BY Rahul Vaidyanath
  • Bank of Canada Keeps Policy Rate at 5%, Ready to Hike More if Needed
    Bank of Canada Keeps Policy Rate at 5%, Ready to Hike More if Needed
    The central bank says it wants to see ‘further and sustained easing in core inflation.’
    December 6, 2023BY Rahul Vaidyanath
TOP NEWS
  • House Adopts Budget Blueprint for $95 Billion Reconciliation Package
    NEW By Jackson Richman
    House Adopts Budget Blueprint for $95 Billion Reconciliation Package
  • House Passes Congressional Stock Trading Ban
    NEW By Jackson Richman and Nathan Worcester
    House Passes Congressional Stock Trading Ban
  • US Reaches Nuclear Deal With Saudi Arabia
    NEW By Emel Akan
    US Reaches Nuclear Deal With Saudi Arabia
  • House Passes Defense Policy Bill That Attaches SAVE America Act
    NEW By Jackson Richman
    House Passes Defense Policy Bill That Attaches SAVE America Act
  • Allergy Medication Recalled Over Possible ‘Life-Threatening’ Risks
    NEW By Jack Phillips
    Allergy Medication Recalled Over Possible ‘Life-Threatening’ Risks
  • US, Ukraine Sign Agreement for Drone Testing
    1hr By Jill McLaughlin
    US, Ukraine Sign Agreement for Drone Testing
  • White House Says NJ Noncitizen Voter Error Suggests Need for SAVE America Act
    2hr By Jack Phillips
    White House Says NJ Noncitizen Voter Error Suggests Need for SAVE America Act
  • Doctor Urges Medical Community to Take Action Against China’s Forced Organ Harvesting
    3hr By Frank Fang
    Doctor Urges Medical Community to Take Action Against China’s Forced Organ Harvesting
  • Ford Recalls Nearly 390,000 Vehicles for Potential Second-Row Seat Hazard
    3hr By Mary Prenon
    Ford Recalls Nearly 390,000 Vehicles for Potential Second-Row Seat Hazard
  • France Recorded 5,000 Excess Deaths During Heat Wave: Officials
    4hr By Zachary Stieber
    France Recorded 5,000 Excess Deaths During Heat Wave: Officials
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