Innovation, investments needed to work with BoC on growth: Wilkins
Senior deputy governor Carolyn Wilkins said the bank’s monetary policy tool kit can only take the economy so far.
Firms report tangible benefits since oil, loonie plunge
BoC poll finds several manufacturers’ margins were boosted by products sold abroad.
BoC looks to innovate as conventional monetary policy ‘stretched’
Three-year plan will explore lessons learned since the financial crisis and brace for turbulence that may lie ahead.
Low rates still needed, Bank of Canada senior deputy governor says
Carolyn Wilkins says “some degree of stimulus” will be needed to keep inflation on target.
Bank of Canada trying to determine why inflation on decline
Inflation above 2% erodes purchasing power, while when it’s below 2% it depresses consumer demand.
BoC governor Poloz sees long term rates rising
Rate increase won’t hurt the Canadian economy, however.
OECD calls for Bank of Canada rate to hit 2.25% by late 2015
Economists believe the central bank won’t budge off 1% until the first quarter of 2015, perhaps even later.
BoC no longer expects Q3 economic growth of 3.8%
Q3 will likely show more moderate growth of 2% to 2.5%: BoC’s senior deputy governor.
As Poloz readies his first BoC statement, focus turns to where he stands
Poloz has studiously avoided giving even a hint of his stance on interest rates since taking over for Mark Carney.
Hey, BoC governor: it’s time to start raising interest rates
CD Howe Institute report says low interest rates have introduced pervasive problems into the economy.
Canadian firms sour on economy, temper investment intentions: BoC
Business Outlook Survey suggests Canadian companies plan to ratchet down on investment plans, keep hiring modest.
Economic momentum softer than anticipated: BoC’s Macklem
Cautions Canadian’s indebtness and housing’s rising share of the economy are unsustainable.
Pumping oil around the world won’t suffice: Carney
Bank of Canada governor says placing all of Canada’s eggs in one, oily, basket, won’t be enough to better its sluggish export performance.