Companies have modest hiring plans, expect low wage growth: BoC
Central bank’s business outlook survey finds that wage growth is widely expected to slow over the next year.
Statistics Canada rejigs low income stats as poverty gap grows
Fewer people in Canada are living on low incomes, but those still in poverty have not seen their situations improve.
Bank of Canada warns of uneven recovery despite bounce back
Economy continues to cope with ongoing uncertainty and structural challenges.
Bank of Canada reviews effect on wealth, income distribution: Wilkens
Also testing other frameworks related to monetary policy to see how they fare in good economic times and bad.
Business hiring plans remain muted due to pandemic: B of C
Many service sector and energy companies don’t expect a return to pre-pandemic employment levels.
Some lasting economic damage from COVID: Macklem
Bank of Canada chief sees growth in Q3 as people are called back to work as restrictions ease.
May’s annual inflation rate in sinks to -0.4%: Statistics Canada
Bank of Canada governor said rates would only go up once Canada is well into an economic recovery.
Bank of Canada’s independence key to aiding post COVID recovery: Wilkins
Actions aimed at ensuring businesses and individuals can access lines of credit and short-term loans.
Liberals ease access to emergency benefit as economy shrinks fast
More money for seasonal workers without jobs, those jobless before the crisis and those whose hours have been drastically cut.
Bank of Canada cuts key rate to 1.25% amid coronavirus concerns
Says it’s becoming clear the Canadian economy won’t grow as much as previously forecasted for the first quarter of the year.
Bank of Canada to create its own digital currency as a contingency: deputy
Central bank has been researching the economic and technological impacts of volatile digital currencies such as Bitcoin.
Bank of Canada survey suggests business confidence up
Outside of energy-producing regions, reports of improved indicators of future sales are widespread.
Bank of Canada watching global trade impacts
Looking to see how weakness from manufacturing may spread to services, employment, consumer spending or housing.
Bank of Canada keeps key interest rate target on hold at 1.75%
Early evidence the global economy is stabilizing and growth is still expected to edge higher over the next couple of years.
Bank CEOs signal slower growth ahead amid trade tensions
CIBC chief said negative interest rates are an issue and questions loom about how trade wars will unfold.