Bank of Canada Governor Tiff Macklem issued a firm defense of Jerome Powell after the Federal Reserve chair said the Trump administration was trying to strong-arm the central bank through a grand jury investigation.
Bank of Canada Governor Tiff Macklem issued a firm defense of Jerome Powell after the Federal Reserve chair said the Trump administration was trying to strong-arm the central bank through a grand jury investigation.
Chairman of the US Federal Reserve Jerome Powell and Governor of the Bank of Canada Tiff Macklem
Canada’s hiring momentum cooled in December and the number of unemployed people climbed by the most in three years, reinforcing signs of persistent slack in the labor market.
Canada’s hiring momentum cooled in December and the number of unemployed people climbed by the most in three years, reinforcing signs of persistent slack in the labor market.
A employee sorts batteries on a conveyor belt at a recycling facility in Port Colborne, Ontario. Photographer: James MacDonald/Bloomberg
Two longtime directors at the Bank of Canada are retiring as Prime Minister Mark Carney pushes to shrink the public service.
The Bank of Canada building in Ottawa, Ontario, Canada, on Wednesday, April 16, 2025. The Bank of Canada paused its interest rate cutting cycle and reiterated that policymakers "will proceed carefully" as they wait to see how US President Donald Trump's trade policy takes shape.
Canada’s merchandise trade balance swung back into deficit as surging imports of computers and electronics outweighed a spike in gold exports to non-US countries.
Canada’s merchandise trade balance swung back into deficit as surging imports of computers and electronics outweighed a spike in gold exports to non-US countries.
Canadian retail sales jumped in November after posting a small decline the previous month, suggesting consumption rebounded modestly in the fourth quarter.
Canadian retail sales jumped in November after posting a small decline the previous month, suggesting consumption rebounded modestly in the fourth quarter.
Shoppers wait for fitting rooms at the Dynamite store in the Royalmount mall in Montreal.
Canada’s population fell by 0.2% in the third quarter to stand at 41.6 million, marking the only quarterly decline on record outside the Covid-19 era and a dramatic shift from explosive post-pandemic immigration growth.
Canada’s population fell by 0.2% in the third quarter to stand at 41.6 million, marking the only quarterly decline on record outside the Covid-19 era and a dramatic shift from explosive post-pandemic immigration growth.
Governor Tiff Macklem says the Bank of Canada’s review of its framework next year must assess whether it gives the central bank the best chance of keeping inflation low and stable in a “more shock-prone world.”
Governor Tiff Macklem says the Bank of Canada’s review of its framework next year must assess whether it gives the central bank the best chance of keeping inflation low and stable in a “more shock-prone world.”
The Bank of Canada held interest rates steady and said while the economy appears more resilient than previously thought, the current level of borrowing costs is still appropriate to mitigate the trade war damage.
The Bank of Canada held interest rates steady and said while the economy appears more resilient than previously thought, the current level of borrowing costs is still appropriate to mitigate the trade war damage.
The Bank of Canada building in Ottawa. Photographer: David Kawai/Bloomberg
The Bank of Canada is likely to hold interest rates steady on Wednesday amid mounting evidence the country’s labor market and economy are stabilizing after the initial tariff shock.
The Bank of Canada is likely to hold interest rates steady on Wednesday amid mounting evidence the country’s labor market and economy are stabilizing after the initial tariff shock.
Canada’s budget watchdog is walking back his most charged criticisms of Mark Carney’s fiscal policy, but says the government’s decision to drop its debt-to-GDP guideline is a major shift that warrants more public debate.
Canada’s budget watchdog is walking back his most charged criticisms of Mark Carney’s fiscal policy, but says the government’s decision to drop its debt-to-GDP guideline is a major shift that warrants more public debate.
Markets increasingly expect the Bank of Canada’s next move will be a rate hike next year, as the country’s unexpected labor market strength suggests further monetary easing may not be needed despite US tariffs.
Markets increasingly expect the Bank of Canada’s next move will be a rate hike next year, as the country’s unexpected labor market strength suggests further monetary easing may not be needed despite US tariffs.
The Bank of Canada in Ottawa in 2024. Photographer: David Kawai/Bloomberg
Markets increasingly expect the Bank of Canada’s next move will be a rate hike next year, as the country’s unexpected labor market strength suggests further monetary easing may not be needed despite US tariffs.
Markets increasingly expect the Bank of Canada’s next move will be a rate hike next year, as the country’s unexpected labor market strength suggests further monetary easing may not be needed despite US tariffs.
The Bank of Canada in Ottawa in 2024. Photographer: David Kawai/Bloomberg
Canadian firms’ output per hour worked rose in the third quarter, mostly reversing the initial hit to productivity from the trade conflict with the US.
Canadian firms’ output per hour worked rose in the third quarter, mostly reversing the initial hit to productivity from the trade conflict with the US.
A worker inspects a vessel in the Point Hope Maritime shipyard in Victoria, British Columbia, Canada, on Tuesday, Nov. 18, 2025. Canada is scheduled to release gross domestic product (GDP) figures on November 28.
The Canadian economy rebounded sharply from the initial damage of the trade war as imports fell and the country’s growth drivers shifted to housing and government spending.
The Canadian economy rebounded sharply from the initial damage of the trade war as imports fell and the country’s growth drivers shifted to housing and government spending.
Pedestrians cross a street in the financial district of Toronto.
Canada will add new tariffs to a list of steel products, including many US-made items, as Prime Minister Mark Carney seeks to protect an industry badly hurt by the trade war and a flood of cheap Chinese metal.
Canada will add new tariffs to a list of steel products, including many US-made items, as Prime Minister Mark Carney seeks to protect an industry badly hurt by the trade war and a flood of cheap Chinese metal.
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