Bank of Canada officials said that major uncertainties posed by higher oil prices and the ongoing trade war with the US won’t necessarily keep them from hiking interest rates.
Bank of Canada officials said that major uncertainties posed by higher oil prices and the ongoing trade war with the US won’t necessarily keep them from hiking interest rates.
The Bank of Canada has renewed its policy framework, narrowing its focus on price stability and confirming that hitting its 2% inflation target is its most important priority.
The Bank of Canada has renewed its policy framework, narrowing its focus on price stability and confirming that hitting its 2% inflation target is its most important priority.
Prime Minister Mark Carney doubled down on his plan to use the government’s balance sheet to spur an investment boom in Canada, increasing borrowing and using a surge of tax revenue to plow billions into expanding the productive capacity of the economy.
Prime Minister Mark Carney doubled down on his plan to use the government’s balance sheet to spur an investment boom in Canada, increasing borrowing and using a surge of tax revenue to plow billions into expanding the productive capacity of the economy.
Prime Minister Mark Carney has used much of Canada’s fiscal room to begin restructuring the economy in the face of a trade war. Now the question is how much leeway he has left.
Prime Minister Mark Carney has used much of Canada’s fiscal room to begin restructuring the economy in the face of a trade war. Now the question is how much leeway he has left.
Bank of Canada Governor Tiff Macklem said Prime Minister Mark Carney’s fiscal plans aren’t yet making it harder for the central bank to control inflation.
Bank of Canada Governor Tiff Macklem said Prime Minister Mark Carney’s fiscal plans aren’t yet making it harder for the central bank to control inflation.
Bank of Canada Governor Tiff Macklem warned that US borrowing is on an unsustainable trajectory as he offered an unusually blunt assessment of American tax and spending policy, which is putting pressure on global bond yields.
Bank of Canada Governor Tiff Macklem warned that US borrowing is on an unsustainable trajectory as he offered an unusually blunt assessment of American tax and spending policy, which is putting pressure on global bond yields.
The Bank of Canada hiked interest rates to ward off upside inflation risks posed by higher energy prices, and said it would determine whether more increases are necessary one decision at a time.
The Bank of Canada hiked interest rates to ward off upside inflation risks posed by higher energy prices, and said it would determine whether more increases are necessary one decision at a time.
One of Canada’s most influential business groups says its members are warming to Prime Minister Mark Carney’s more interventionist economic agenda, and they largely support his plans to diversify exports and boost investment.
One of Canada’s most influential business groups says its members are warming to Prime Minister Mark Carney’s more interventionist economic agenda, and they largely support his plans to diversify exports and boost investment.
The Bank of Canada is likely to hike interest rates for the first time in more than three years as policymakers grow increasingly concerned about the inflation risk posed by the cost of energy.
The Bank of Canada is likely to hike interest rates for the first time in more than three years as policymakers grow increasingly concerned about the inflation risk posed by the cost of energy.
Bank of Canada Governor Tiff Macklem may have boxed himself into an interest-rate hike next week after his hawkish commentary convinced traders a hike is all but certain.
Bank of Canada Governor Tiff Macklem may have boxed himself into an interest-rate hike next week after his hawkish commentary convinced traders a hike is all but certain.
Some bond-market watchers believe China is disguising the full extent of its ownership of US debt by holding hundreds of billions of dollars of securities through accounts in Canada. That idea is off base, according to research from one major Canadian bank.
Some bond-market watchers believe China is disguising the full extent of its ownership of US debt by holding hundreds of billions of dollars of securities through accounts in Canada. That idea is off base, according to research from one major Canadian bank.
Canada’s federal government will unveil its spending plans on Nov. 5 as the country’s budget watchdog says new measures, including a major tax incentive for businesses, will cost more than an oil-driven revenue windfall brings in.
Canada’s federal government will unveil its spending plans on Nov. 5 as the country’s budget watchdog says new measures, including a major tax incentive for businesses, will cost more than an oil-driven revenue windfall brings in.
More economists and traders expect the Bank of Canada to hike interest rates next week after the central bank’s latest surveys showed inflation expectations rising.
More economists and traders expect the Bank of Canada to hike interest rates next week after the central bank’s latest surveys showed inflation expectations rising.
Bank of Canada Governor Tiff Macklem said he’s seeing more evidence that higher oil prices are supporting economic growth in Canada, and expects the bank will have a higher inflation forecast at the end of the month.
Bank of Canada Governor Tiff Macklem said he’s seeing more evidence that higher oil prices are supporting economic growth in Canada, and expects the bank will have a higher inflation forecast at the end of the month.
A majority of Canadians expect the rate of inflation to increase over the next 12 months, a potentially worrying sign for the Bank of Canada as it weighs interest-rate hikes.
A majority of Canadians expect the rate of inflation to increase over the next 12 months, a potentially worrying sign for the Bank of Canada as it weighs interest-rate hikes.
The Bank of Canada’s second in command said the central bank is limited in what it can do to address home prices, arguing that the housing market should remain an input and not a target of interest rate decisions.
The Bank of Canada’s second in command said the central bank is limited in what it can do to address home prices, arguing that the housing market should remain an input and not a target of interest rate decisions.