Central Bank
BoC points to stronger economy; market sees rate hike drawing closer
Assessing whether monetary policy stimulus presently in place is still required.
Services sector to play increasingly important role in exports
Central bank estimates commodity exports could fall to roughly 40% of total exports by 2020.
Trade liberalization making life difficult for central bankers: Poloz
Can impact economic models and decision-making processes, BoC governor says.
Poloz supports CPP expansion to help future retirees
As stubbornly low interest rates persist, BoC governor thinks it’s time for Canadians to revisit their retirement plans.
Central bank raises economic concerns, holds interest rate at 0.5%
Concern follows news that the economy contracted at an annual pace of 1.6% in Q2.
Wildfires in Alberta will hurt economic growth, Bank of Canada says
Central bank estimates the fires will cut 1.25 percentage points off real GDP growth in Q2.
Interest rate shouldn’t be seen as main tool for financial stability
Central bank suggests curbing debt and fiscal stimulus are tools that should be used alongside monetary policy.
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.
Slashed interest rates are saving economy long term: Poloz
Central bank governor admits lower rates put risks on household debt levels, but set the overall economy to recover more quickly.
Central Bank proposes tweaks to shield system from financial crises
Bank says it will propose several ways to enhance liquidity to avoid mistakes made in the last global economic crisis.
Canadian job quality sinks to record low: CIBC
Low-paying jobs are becoming the norm and further interest rate cuts not likely the cure, the bank says.
Bank of Canada stands pat, keeps interest rate at 0.75%
Central bank expects bulk of oil slump’s negative effects to strike Canadian economy in the first half of this year.
Bank of Canada keep interest rate steady at 1%
Central bank says Canada’s exports require continued growth before companies increase investment and hiring.
CD Howe monetary council says BoC needs to keeps rates on hold
The council says rates need to hold through early 2014 before raising to 1.25% by July 2014.
Canada moving toward a better mix of growth: Carney
BoC governor says economy needs to move towards business investment and export growth.