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.
Canada posts strong quarterly growth, but trade risks loom
Analysts say trade-driven boost was likely a temporary factor, particularly with weakening global economic conditions.
Bank of Canada unlikely to follow Fed interest rate cut
Canadian economic growth showing signs of re-emerging after it nearly stalled in late 2018 and early 2019.
Bank of Canada to take over key interest rate benchmark for financial markets
The central bank says it will take over the administration of the Canadian Overnight Repo Rate Average, from financial markets data firm next year.
Poloz in no rush to move interest rate, warns of trade threats
Target at 1.75% for a sixth-straight meeting as the country bounces back from a weak stretch.
Annual pace of inflation rises in May to 2.4%: Statistics Canada
Prices rose in all eight of the index’s major components compared with a year ago.
Canadian business sentiment drops from high levels: survey
Bank of Canada’s measure for corporate confidence dropped into negative territory for the first time since Q3 of 2016.
Poloz says stimulative rates needed for temporary soft patch
The central bank left its interest rate unchanged last month.
Bank of Canada’s interest rate decision helps utilities and telecom sectors
The BoC decided not to increase interest rates.
Trade issues, oil slump, lower spending slow growth: BoC deputy
Uncertainty related to US policies has kept business investment lower than where it should be.
Bank of Canada holds interest rate, views oil slump as temporary soft patch
The bank is now projecting growth to be just 1.7 per cent in 2019.
B of C expected to hold interest rate as economic clouds gather
Lower growth prospects expected to reinforce Poloz’s strategy of moving very gradually on increases to overnight rate.
Global economy at stage where stimulus can be ‘steadily withdrawn’: Poloz
Bank of Canada signals it will gradually raise benchmark interest rate from its current level of 1.75% to between 2.5% and 3.5%.
Statistics Canada reports GDP up 0.1% in August boosted by oil and gas subsector
Helping drive the growth was the mining, quarrying and oil and gas extraction sector which rose 0.9 per cent.
Bank of Canada raises rate, signals future hikes could arrive sooner
The rate is now higher than it’s been in about a decade.
Net worth rising but higher debt stings Canadian consumers: analysis
Household debt has been identified as key vulnerability.
Bank of Canada holds interest rate for now, puts more focus on NAFTA
BoC concerned with NAFTA implications for inflation.
Digitization poised to disrupt central banking, too: Poloz
Effect he believes could have implications for inflation outlooks and even interest-rate decisions.
