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.