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Bank of Canada

  • GameStop Trading Frenzy a ‘Perfect Storm’ and a Warning for Canada
    GameStop Trading Frenzy a ‘Perfect Storm’ and a Warning for Canada
    GameStop and a handful of other stocks have experienced roller-coaster rides that have gripped financial markets over the last week.
    February 3, 2021BY Rahul Vaidyanath
  • Rising Canadian Dollar a Headwind for Economic Rebound
    Rising Canadian Dollar a Headwind for Economic Rebound
    The Canadian dollar’s strength is acting as a headwind for the country’s economic recovery, but its rally isn’t ...
    January 27, 2021BY Rahul Vaidyanath
  • Bank of Canada Keep Key Rate at 0.25%, Warns of Economic Decline in 2021
    Bank of Canada Keep Key Rate at 0.25%, Warns of Economic Decline in 2021
    OTTAWA—The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, ...
    January 20, 2021BY The Canadian Press
  • Bank of Canada Warns of Bumpy Economic Start to 2021 as It Keeps Key Rate on Hold
    Bank of Canada Warns of Bumpy Economic Start to 2021 as It Keeps Key Rate on Hold
    OTTAWA—Positive news about vaccine delivery won’t be enough to give the economy a shot in the arm to ...
    December 9, 2020BY The Canadian Press
  • Bank of Canada Keeps Some Dry Powder as Ottawa Spends
    Bank of Canada Keeps Some Dry Powder as Ottawa Spends
    OTTAWA/TORONTO—Bank of Canada Governor Tiff Macklem sees the benefit of sticking with increased government spending to support an ...
    October 29, 2020BY Reuters
  • Bank of Canada Says COVID-19 Economic Recovery Likely by 2022
    Bank of Canada Says COVID-19 Economic Recovery Likely by 2022
    OTTAWA—The Bank of Canada kept its key interest rate on hold Wednesday as it said the country’s economy ...
    October 28, 2020BY The Canadian Press
  • Path to Economic Recovery Filled With Risks That Need to Be Managed, Macklem Says
    Path to Economic Recovery Filled With Risks That Need to Be Managed, Macklem Says
    OTTAWA—The governor of the Bank of Canada says managing the risks from the pandemic is more critical than ...
    October 8, 2020BY The Canadian Press
  • Years of Near-Zero Interest Rates the Latest Bid to Spur Recovery in US, Canada
    Years of Near-Zero Interest Rates the Latest Bid to Spur Recovery in US, Canada
    Central banks are pulling out all the stops to support the economic recovery, with the latest move being ...
    September 23, 2020BY Rahul Vaidyanath
  • Bank of Canada Warns of Uneven Recovery Despite Better Than Expected Bounce Back
    Bank of Canada Warns of Uneven Recovery Despite Better Than Expected Bounce Back
    OTTAWA—The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of ...
    September 9, 2020BY The Canadian Press
  • Bank of Canda Keeps Key Interest Rate Target on Hold
    Bank of Canda Keeps Key Interest Rate Target on Hold
    OTTAWA—The Bank of Canada is keeping its key interest rate target on hold at 0.25 percent and says ...
    September 9, 2020BY The Canadian Press
  • Bank of Canada to Revisit Inflation-Targeting, Shadowing Fed: Reuters Poll
    Bank of Canada to Revisit Inflation-Targeting, Shadowing Fed: Reuters Poll
    The Bank of Canada will remain in a holding pattern and likely follow the U.S. Federal Reserve's path ...
    September 4, 2020BY Reuters
  • Macklem Says Central Bank Speak Needs to Be Simple to Maintain Public Trust
    Macklem Says Central Bank Speak Needs to Be Simple to Maintain Public Trust
    OTTAWA—The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday ...
    August 27, 2020BY The Canadian Press
  • Bank of Canada Holds Rate, Forecasts Decline in GDP of 7.8% This Year
    Bank of Canada Holds Rate, Forecasts Decline in GDP of 7.8% This Year
    OTTAWA—The Bank of Canada is holding its key interest rate at 0.25 percent in response to what it ...
    July 15, 2020BY The Canadian Press
  • Bank of Canada Moves to Cap Long-Term Rates as Ottawa Pumps up Borrowing: Analysts
    Bank of Canada Moves to Cap Long-Term Rates as Ottawa Pumps up Borrowing: Analysts
    TORONTO—The Bank of Canada is moving to help keep down long-term bond yields as Ottawa cranks up issuance ...
    July 13, 2020BY Reuters
  • Bank of Canada Reports Business Hiring Is Muted due to Pandemic
    Bank of Canada Reports Business Hiring Is Muted due to Pandemic
    OTTAWA—Companies that have laid off workers are telling the Bank of Canada they plan to refill some positions ...
    July 6, 2020BY The Canadian Press
  • New Bank of Canada Governor Says COVID-19 Will Leave Lasting Changes on Economy
    New Bank of Canada Governor Says COVID-19 Will Leave Lasting Changes on Economy
    OTTAWA—Canada’s top central banker says there will be long-term economic damage from the COVID-19 pandemic as the country ...
    June 22, 2020BY The Canadian Press
  • US Fed’s ‘Long Road’ Lays Bare Challenge to New Bank of Canada Governor
    US Fed’s ‘Long Road’ Lays Bare Challenge to New Bank of Canada Governor
    OTTAWA—New Bank of Canada Governor Tiff Macklem, already facing the double whammy of the coronavirus pandemic and slumping ...
    June 11, 2020BY Reuters
  • Bank of Canada Keeps Key Rate Target On Hold, Expects Return to Growth in Q3
    Bank of Canada Keeps Key Rate Target On Hold, Expects Return to Growth in Q3
    OTTAWA—The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada ...
    June 3, 2020BY The Canadian Press
  • Bank of Canada Warns of Debt From Households and Businesses Amid COVID-19 Pandemic
    Bank of Canada Warns of Debt From Households and Businesses Amid COVID-19 Pandemic
    OTTAWA—The Bank of Canada says there are signs in the country’s financial markets that suggest there are concerns ...
    May 14, 2020BY The Canadian Press
  • Incoming Bank of Canada Governor Saw ‘Stop-Start’ Recovery After Lockdown
    Incoming Bank of Canada Governor Saw ‘Stop-Start’ Recovery After Lockdown
    TORONTO/OTTAWA—Newly appointed Bank of Canada Governor Tiff Macklem projected a halting economic recovery during an exclusive interview conducted ...
    May 11, 2020BY Reuters
  • Tiff Macklem Named Next Bank of Canada Governor
    Tiff Macklem Named Next Bank of Canada Governor
    OTTAWA—Tiff Macklem, a former second-in-command at the Bank of Canada, is coming back to the central bank to ...
    May 1, 2020BY The Canadian Press
  • Bank of Canada Unable to Accurately Forecast COVID-19 Hit to Economy
    Bank of Canada Unable to Accurately Forecast COVID-19 Hit to Economy
    The Bank of Canada cited exceptionally high uncertainty for not being able to pinpoint forecasts for economic growth ...
    April 15, 2020BY Rahul Vaidyanath
  • COVID-19 Economic Response Takes Canada Into Uncharted Waters
    COVID-19 Economic Response Takes Canada Into Uncharted Waters
    To limit economic damage from the CCP virus pandemic, the Canadian government and Bank of Canada are being ...
    April 1, 2020BY Rahul Vaidyanath
  • Bank of Canada Cuts Rates, Feds Provide Wage Subsidies
    Bank of Canada Cuts Rates, Feds Provide Wage Subsidies
    OTTAWA—Canada’s central bank made yet another unscheduled rate cut Friday to bring its key interest target down to ...
    March 27, 2020BY The Canadian Press
  • Bank of Canada Cuts Key Interest Rate to 0.25% in Unscheduled Move
    Bank of Canada Cuts Key Interest Rate to 0.25% in Unscheduled Move
    OTTAWA—The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 percent in an ...
    March 27, 2020BY The Canadian Press
  • Bank of Canada Not Ready to Give In to Rate Cut Pressure
    Bank of Canada Not Ready to Give In to Rate Cut Pressure
    The Bank of Canada is stuck between a rock and a hard place.
    September 4, 2019BY Rahul Vaidyanath
  • Bank of Canada Keeps Neutral Rate Stance as Trade Tensions Cloud Strong Second Quarter
    Bank of Canada Keeps Neutral Rate Stance as Trade Tensions Cloud Strong Second Quarter
    OTTAWA—The Bank of Canada recognized a better-than-expected second quarter on July 10; however, deeper analysis of the trade ...
    July 10, 2019BY Rahul Vaidyanath
1 2 3 … 5 Next
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