Home Bank of Canada

Keyword: Bank of Canada

54 results found
Copyright_123RF

With the federal Liberal Party returning for a third term, the government’s fiscal policy will remain aligned with a social agenda that should, in theory, support continued economic growth and, in turn, create opportunities for institutional investors, says Roshan Thiru, head of Canadian fixed income at Manulife Investment Management Ltd. “The Liberal Party continue to […]

  • By: Blake Wolfe
  • September 27, 2021 September 27, 2021
  • 09:00
18045459-123rf

Canada’s economy will undergo volatility and inflationary acceleration as the nation recovers from the coronavirus pandemic, warns the governor of the Bank of Canada. “The process of reopening the economy won’t be entirely smooth,” said Tiff Macklem in a speech announcing the release of the central bank’s monetary policy report. “For example, we are experiencing supply […]

  • By: Staff
  • July 15, 2021 July 15, 2021
  • 13:00

Two Canadian investment leaders endorsed a transition to clean energy at a virtual Davos World Economic Forum on Wednesday as more investors worldwide push for concrete sustainability commitments. Former Bank of Canada governor Mark Carney said that politicians can help markets finance the transition to zero-emission economies by setting credible forward commitments. Canada’s carbon pricing […]

125684936123RF

This time last year, the FTSE Canadian universe bond index was yielding a paltry 2.3 per cent and few, if any, anticipated how strong fixed-income returns would be in 2020. Over the year, the index returned 8.7 per cent due to a significant drop in interest rates in the first half as the Bank of […]

99319832-123RF

Canada’s central bank will update its economic forecast for the country Wednesday when it announces its interest-rate decision, offering a glimpse into its outlook for COVID-19 recovery. The Bank of Canada said in October the country had been spared from a worst-case economic scenario, but it still didn’t see a recovery taking hold until at […]

Canada’s top central banker is making a plea for the country to more quickly address the impacts of climate change to avoid any economic ripple effects on households and businesses. Tiff Macklem made the case in a speech Tuesday that Canada’s financial system needs to become as resilient to climate change as it has been […]

Bank of Canada deputy warns of long lasting pandemic ‘scars’ on economy

The second-in-command at the Bank of Canada is warning that economic “scars” from the coronavirus pandemic could become permanent without concerted effort from all Canadians. The pandemic remains an important day-to-day concern for governments and policy-makers, but more discussion and preparation for the post-pandemic recovery needs to take place, said senior deputy governor Carolyn Wilkins, […]

Bank of Canada holds rate steady, says coronavirus economic recovery likely by 2022

The Bank of Canada kept its key interest rate on hold Wednesday as it said the country’s economy won’t recoup the losses from the coronavirus until 2022, with the road to recovery dependent on the path of the pandemic. In July, the Bank of Canada said it believed the country had been spared from a […]

Bank of Canada scaling back financial market support programs

As financial market conditions improve, the Bank of Canada is scaling back some measures it introduced in the immediate aftermath of the coronavirus outbreak to support the functioning of financial markets. With the use of certain programs declining, the central bank is discontinuing the bankers’ acceptance purchase facility and its Canada mortgage bond purchase program, […]

  • By: Staff
  • October 27, 2020 January 19, 2021
  • 08:29
Statistics Canada says annual inflation rate rose 0.5% in September

Canada’s headline inflation measure went up in September by 0.5 per cent compared with a year ago, a better-than-expected increase, but one that experts say won’t sway the Bank of Canada’s stimulus measures. Economists had, on average, expected a year-over-year increase of 0.4 per cent, according to financial data firm Refinitiv, following readings of 0.1 […]