bank of canada
Many service sector and energy companies don’t expect a return to pre-pandemic employment levels.
Bank of Canada chief sees growth in Q3 as people are called back to work as restrictions ease.
Bank of Canada governor said rates would only go up once Canada is well into an economic recovery.
Actions aimed at ensuring businesses and individuals can access lines of credit and short-term loans.
More money for seasonal workers without jobs, those jobless before the crisis and those whose hours have been drastically cut.
Says it’s becoming clear the Canadian economy won’t grow as much as previously forecasted for the first quarter of the year.
Central bank has been researching the economic and technological impacts of volatile digital currencies such as Bitcoin.
Outside of energy-producing regions, reports of improved indicators of future sales are widespread.
Looking to see how weakness from manufacturing may spread to services, employment, consumer spending or housing.
Early evidence the global economy is stabilizing and growth is still expected to edge higher over the next couple of years.
CIBC chief said negative interest rates are an issue and questions loom about how trade wars will unfold.
Analysts say trade-driven boost was likely a temporary factor, particularly with weakening global economic conditions.
Canadian economic growth showing signs of re-emerging after it nearly stalled in late 2018 and early 2019.
The central bank says it will take over the administration of the Canadian Overnight Repo Rate Average, from financial markets data firm next year.
Target at 1.75% for a sixth-straight meeting as the country bounces back from a weak stretch.