Daily News

Source: Bankofcanada March 03, 2022

Opening Statement before the House of Commons Standing Committee on Finance

Introduction Good afternoon. Thank you for inviting me here as part of your study on inflation in Canada. I’m pleased to have Senior Deputy Governor Ca...

FP Economy Source: Financialpost March 03, 2022

'The economy can handle it': More rate hikes in store, but Macklem pledges careful path forward

Kevin Carmichael: Comments suggest it's reasonable to expect quarter-point increases, rather than half-point adjustments Bank of Canada governor Tiff Macklem said the war in Europe has “injected new uncertainty,” but not enough to veer off a path t...

Source: Bankofcanada March 02, 2022

Bank of Canada increases policy interest rate

The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuing its reinvestment phase, keeping its overall h...

FP Economy Source: Financialpost March 01, 2022

GDP grew faster than expected in fourth quarter, ensuring Bank of Canada interest rate hike

Kevin Carmichael: Economy grew at an annual rate of 6.7 per cent in the fourth quarter, much faster than the Bank of Canada was expecting The Canadian economy grew at an annual rate of 6.7 per cent in the fourth quarter, much faster than the Bank o...

FP Economy Source: Financialpost February 24, 2022

Stephen Poloz predicts inflation will slow quickly over the next 12 months

Kevin Carmichael: Poloz's outlook would allow current policy-makers to take a gentler path back to higher interest rates Former Bank of Canada governor Stephen Poloz predicted year-over-year increases in the consumer price index will slow to a rate...

Oil & Gas Source: Financialpost February 24, 2022

Surging oil prices won't be a growth driver for Canada this time around

What would haven been unambiguously positive for Canada's oil-rich economy in the past may turn out to be a drag now, economists warn Surging energy prices are typically a boon for Canada. But not this time. On Thursday, oil soared above US$...

Source: Bankofcanada February 22, 2022

Bank of Canada announces 2021-2022 scholarship recipients

The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards  for students with disabilities, Indigenous students and students who id...

Source: Bankofcanada February 18, 2022

Deputy Governor Lawrence Schembri to Retire from the Bank of Canada

The Bank of Canada announced today that Deputy Governor Lawrence L. Schembri will retire on June 17, 2022. Mr. Schembri joined the Bank in 1997 and was appoin...

Source: Bankofcanada February 16, 2022

Navigating uncharted territory

Deputy Governor Tim Lane discusses how the Bank of Canada approached decision making during the unprecedented upheaval brought on by the COVID‑19 pandemic....

FP Economy Source: Financialpost February 10, 2022

Canada still passing through 'long dark tunnel' of COVID

Watch: Canadian Chamber of Commerce chief executive Perrin Beatty talks about what Canada needs to do to get past COVID Perrin Beatty, chief executive of the Canadian Chamber of Commerce, speaks with the Financial Post’s Larysa Harapyn about what C...