Highlights / Bank of Canada

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Former Bank of Canada governor touts pandemic lessons for climate battle

The former governor of the Bank of Canada who later held the same post at the Bank of England is drawing a glass half-full lesson from the COVID-19 pandemic. Mark Carney says the way scientists and governments around the world »

Uncategorized

Bank of Canada governor strongly hints that benchmark rate will stay for now

Despite simmering concerns that Canada’s housing market may be on the verge of overheating, it appears that the Bank of Canada’s benchmark interest rate, which has held steady at 0.25% for 11 months, is going to stay right where it »

Economy

Bank of Canada holds rate steady at 0.25%, expects economic growth in 2021

As the COVID-19 pandemic continues to take a severe human and economic toll in Canada and around the world, the country’s central bank decided to keep its benchmark interest rate steady at 0.25 per cent on Wednesday. The benchmark rate »

Politics, Society

Central bank governor says uneven recovery a challenge for everyone

The Bank of Canada’s governor is sounding an alarm about the future of women, young people and low-wage workers as the country tries to recover from the COVID-19 pandemic. In a speech to the Canadian Chamber of Commerce in Toronto »

Economy, International

Bank of Canada holds firm on its near-zero interest rate to juice the economy

The Bank of Canada is keeping its benchmark interest rate target on hold at 0.25 per cent and says it will stay there until inflation is back on target. In a statement today, the bank says its key rate will »

Economy, Society

Interest rates are going to be low ‘for a very long time,’ says central bank

Canada’s central bank decided to keep its benchmark interest rate at 0.25 per cent on Wednesday and continue with its monetary policy of buying up billions of dollars in government bonds to increase the money supply and encourage lending and »

Economy, Health

New Bank of Canada governor warns of a ‘bumpy’ road ahead

The new head of the country’s central bank is advising Canadians to prepare for a “prolonged and bumpy” road to recovery from the economic effects of COVID-19. Bank of Canada Governor Tiff Macklem said Monday the central bank expects to »

Economy

Bank of Canada keeps key interest rate target on hold

Citing the severe impact of the COVID-19 pandemic on the global economy and uncertainty about how the recovery will unfold, Canada’s central bank announced Wednesday that it is keeping its key interest rate target on hold. The Bank of Canada »

Economy, Politics

Amidst economic turmoil, a new Bank of Canada governor

With the pandemic creating some of the worst economic conditions on record, the Bank of Canada governor Steven Poloz had to enact measures to help soften the blow of mass business closures and massive unemployement. This included dropping the overnight »

Economy

Bank of Canada keeps interest rate steady amid sharpest ever downturn

Canada’s central bank decided to keep its interest rate at 0.25 per cent on Wednesday even as preliminary data showed that the country’s economy shrank by 9 per cent in March, while the real estate market ground to a halt »