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, predicts economic resilience despite trade risks
The rate hasn’t been this high since December 2008.
Costs of protectionism ‘steep,’ Bank of Canada’s Poloz says
Central bank governor notes periods in which Canada turned inwards that have rarely led to success.
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.
No need to fret over global trade growth weakness: Poloz
Slowdown likely a result of the fact that big opportunities to boost global trade have already been largely exploited.
Bank of Canada names Sylvain Leduc new deputy governor
Leduc will join the governing council, which is responsible for monetary policy and financial system stability decisions.
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.
BMO joins chorus of economists predicting interest rate cut
Lower interest rates for variable rate mortgages, lines of credit and other loans could boost consumer spending.
Canada must let forces behind low dollar, oil prices play out: Poloz
Central bank governor said there is no simple policy response to fix the problem.
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.
Oliver ‘overstepped’ by wading into central bank’s domain
Finance minister’s comments prompt concerns about whether the territorial line between the government and the central bank has been blurred.
A look at the economic stimulus known as quantitative easing
Finance minister Joe Oliver says the measure is off the table, but the decision to implement it rests with Bank of Canada governor Stephen Poloz.
Bank of Canada cuts rate to 0.5%, slashes economic outlook
Central bank blames rate cut on a drop in energy investment plans and weaker-than-expected exports.
Survey points to regional divide in business confidence amid low oil
Central bank widely expected to cut growth expectations in Q2 following a pullback by the economy in April
Loonie, oil prices add to economic uncertainty: Bank of Canada
Poloz said he has his fingers crossed that the economy bounces back in Q2.
Economy bottomed-out from oil shock in early 2015: Poloz
BoC keeps 0.75% interest rate; remains confident non-energy exports will ease economic pains.
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’s Poloz says impact of oil drop still unclear
Analysts change their tune on central bank rate cut expected Mar. 4.
BoC prescribes surprise interest rate drop to manage oil slump
Governor Poloz said he remains encouraged by signs of economic life in Canada’s non-energy sector.
BoC keeps 1% rate as cheap oil, debt risks offset healing economy
Increase in exports thanks to an improved US economy has boosted business investment and job creation.
Burden of economic growth must move away from households: IMF
Sluggish business investment is still holding back growth.
Exporters need to fill Canada’s economic void, Poloz says
Bank of Canada governor says companies that pulled through the recession need to expand.
Dollar up on strong manufacturing data
Statistics Canada says manufacturing sales increased 2.5% to $53.7 billion in July.
Retail sales record second straight strong month
Wholesale and manufacturing sales rebounds driving growth of 2.2%, about twice the pace of Q1.
Bank of Canada may sound dovish, but that won’t cut interest rates, TD says
Economist Craig Alexander says stalled jobs and economic growth may justify more monetary easing.
‘Serially disappointed’ about economy, Poloz keeps stimulative rates in place
Depressed export demand is keeping business from committing to new investments.
Canada losing foreign market share, missing out on about $40B in exports: Poloz
Blames poor productivity, a stronger loonie, and the disappearance of about 9,000 exporting firms since the recession.
Canadians can bank on low interest rates for years to come: Poloz
It will likely take until early 2016 before the economy is firing on all cylinders and inflation is back to 2%.
Bank of Canada rethinking economic analysis, Poloz says
Central Bank says it will put less faith in computer models and focus more on anecdotal information and conversations with Canadians.
Weak loonie good for exporters, but bad for everything else in economy
Former StatsCan analyst says manufacturers have adapted to a stronger dollar and won’t gain as much from weaker loonie compared to the 1990s.