The Canadian economy entered 2022 in a strong position. The Bank is forecasting growth of 4% in 2022 and about 3½ % in 2023. What you need to know ab...
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, th...
Good morning. I’m pleased to be here with you to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). I am especially pleased to have Senior Deputy G...
Slow and clear transition to higher interest rates could avoid a negative shock With interest rates set to rise, perhaps as soon as March, it’s fair to ask what that could mean for Canada’s lacklustre commitment to business investment, now that loa...
'They are a little bit less credible now than they were yesterday' One of Bay Street’s most prominent economists said the Bank of Canada’s decision to go against market expectations of an interest-rate increase this week could hurt the institution’...
Retailers sold 2.1 per cent fewer goods in December, Statistics Canada estimates OTTAWA — Canadian retail sales most likely fell by 2.1 per cent in December as authorities imposed restrictions to fight the Omicron variant of the coronavirus and ret...
Budget officer Yves Giroux says rationale for stimulus of up to $100 billion no longer exists, unless the government has changed the policy yardsticks OTTAWA — Prime Minister Justin Trudeau is giving no indications of plans to rein in government sp...
Kevin Carmichael: Inflation rises to 4.8%, pushed higher by increases in the cost of almost everything Canada’s broadest measure of inflation climbed 4.8 per cent in December from a year earlier, the largest increase in more than 30 years, raising...
The ambition Canada has shown on the climate file is laudable and heading in the right direction — but there’s much more we can and should do The “big picture” economy can seem overwhelmingly large and complex. It’s easier to watch it unfold, letti...
The Bank of Canada and Office of the Superintendent of Financial Institutions (OSFI) today released the results of a pilot project on climate scenario a...