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Tiff Macklem
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, 2024
BY
Doug Lett
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, 2024
BY
Rahul Vaidyanath
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, 2024
BY
William Crooks
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, 2024
BY
William Crooks
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, 2024
BY
Rahul Vaidyanath
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, 2023
BY
Chandra Philip
85% of Canadians Say They Won’t Use Digital Currency: Bank of Canada Report
Eighty percent of respondents also said regulations should be put in place to require merchants to accept cash ...
November 29, 2023
BY
Noé Chartier
Bank of Canada Governor Says Budget Update Won’t Add New Inflationary Pressures
Tiff Macklem says the budgetary balance is ‘little changed’ relative to what it was in the budget earlier ...
November 22, 2023
BY
Noé Chartier
Carbon Tax Responsible for 16% of Inflation: Bank of Canada Governor
The BoC governor says inflation would drop 16 percent if Ottawa was to remove its carbon tax altogether.
October 31, 2023
BY
Noé Chartier
Government Spending Hindering Bank of Canada Efforts to Lower Inflation: Governor
BoC governor Tiff Macklem says it would be easier to get inflation down if monetary and fiscal policy ...
October 26, 2023
BY
Matthew Horwood
ANALYSIS: Bank of Canada Points to Why US Is Outperforming Canada Currently
Bank of Canada governor Tiff Macklem called the U.S. economy “surprisingly strong” in his opening remarks at the ...
October 25, 2023
BY
Rahul Vaidyanath
Bank of Canada Paid Out Nearly $27 Million in Raises and Bonuses in 2022: Records
The Bank of Canada (BoC) paid out almost $27 million in raises and bonuses in 2022, according to ...
July 13, 2023
BY
Peter Wilson
Bank of Canada Raises Key Interest Rate to 5 Percent
OTTAWA—The Bank of Canada raised its overnight rate target by a quarter percentage point (25 basis points) to ...
July 12, 2023
BY
Rahul Vaidyanath
‘We Need to Get Ready’: Bank of Canada Launches Consultations on Central Bank Digital Currency
The Bank of Canada has announced that it is exploring the possibility of issuing a Central Bank Digital ...
May 9, 2023
BY
Matthew Horwood
BoC Can Address Banking System Stress, Even as It Fights Inflation: Macklem
The Bank of Canada has shifted its messaging in recent months from the need to get inflation under ...
May 4, 2023
BY
The Canadian Press
Interest Rates May Need to Remain High ‘For Longer’ to Tame Inflation: Bank of Canada Governor
Bank of Canada Governor Tiff Macklem says interest rates may need to stay higher "for longer" in order ...
April 18, 2023
BY
Matthew Horwood
Bank of Canada Hits Pause, Doesn’t Mention Risk of US Fed’s Further Rate Hikes
What may be the most compelling reason for the BoC to start raising rates again was not mentioned ...
March 8, 2023
BY
Rahul Vaidyanath
Bank of Canada Pauses Interest Rate Increases, Signals Readiness to Hike Further if Needed
The pause marked the first time since January 2022 that the BoC did not raise rates—eight consecutive rate ...
March 8, 2023
BY
Rahul Vaidyanath
More Government Spending ‘Wouldn’t Be Terribly Helpful’ in Fight Against Inflation, Macklem Tells Committee
Bank of Canada Governor Tiff Macklem told MPs on Feb. 16 that if the Liberal government increases spending ...
February 16, 2023
BY
Noé Chartier
Nearly 40% of Canadians Borrowing Money to Cover Daily Expenses: Federal Research
Nearly 40 percent of Canadians are borrowing money to cover the rising costs of daily expenses like groceries ...
February 14, 2023
BY
Peter Wilson
Bank of Canada Publishes Rate Hike Rationale for First Time
Canada’s central bank published on Feb. 8 a summary of internal deliberations that led to its latest policy ...
February 8, 2023
BY
Noé Chartier
Bank of Canada Expects January’s Interest Rate Increase to Be the Last of Hiking Cycle
OTTAWA—The Bank of Canada raised its key interest rate by a quarter of a percentage point (25 basis ...
January 25, 2023
BY
Rahul Vaidyanath
Inflation in Canada Dropped Slightly in November but Food Prices Are Rising Faster
Inflation has gone down 0.1 percent in November, reported Statistics Canada on Dec. 21, with the Consumer Price ...
December 21, 2022
BY
Noé Chartier
Bank of Canada Made Poor Prediction on End-of-Year Inflation Level, Governor Says
The Bank of Canada made a poor prediction on what Canada's inflation level would be at the end ...
December 20, 2022
BY
Peter Wilson
Bank of Canada Hikes Key Interest Rate by Another Half Percentage Point to 4.25 Percent
OTTAWA—The Bank of Canada raised interest rates by another 50 basis points (half a percentage point) on Dec. ...
December 7, 2022
BY
Rahul Vaidyanath
Inflation Would Be Lower if Ottawa Had Spent Less on Pandemic Stimulus: Bank of Canada Governor
Canada's current inflation rate of 6.9 percent would have been lower if the federal government had spent less ...
November 24, 2022
BY
Peter Wilson
Inflation Relief Measures Should Be Well Targeted and Temporary, Says Macklem
Governments looking to provide inflation relief to Canadians should choose measures that are well targeted and temporary, says Bank of Canada ...
November 24, 2022
BY
The Canadian Press
TOP NEWS
Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
2hr
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T.J. Muscaro
Iran Launches First Missiles at Israel Since Ceasefire Agreement
3hr
By
Jacki Thrapp
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
4hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
4hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
6hr
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Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
7hr
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Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
7hr
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Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
11hr
By
Lawrence Wilson
US Bankruptcy Filings Increase 7 Percent Yearly
12hr
By
Naveen Athrappully
Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
19hr
By
Melanie Sun