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News Manufacturing Minerals Oil & Gas Economy
October 31, 2018  

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.

News Government Economy General
July 11, 2018  

Bank of Canada raises rate, predicts economic resilience despite trade risks

The rate hasn’t been this high since December 2008.

News Government Manufacturing Business Operations General Operations Production
March 29, 2017  

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.

News Government Manufacturing Business Operations Economy General
September 26, 2016  

Trade liberalization making life difficult for central bankers: Poloz

Can impact economic models and decision-making processes, BoC governor says.

News Government Manufacturing Business Operations Economy General
September 21, 2016  

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.

News Government Manufacturing Economy General
September 7, 2016  

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.

News Government Manufacturing Economy General
April 26, 2016  

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.

News Manufacturing Economy General
February 24, 2016  

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.

News Government Manufacturing Economy General
February 9, 2016  

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.

News Government Manufacturing Economy General
January 14, 2016  

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.

News Government Manufacturing Economy General
January 7, 2016  

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.

News Government Manufacturing Economy General
October 13, 2015  

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.

News Government Manufacturing Economy General
July 27, 2015  

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.

News Government Manufacturing Economy General
July 23, 2015  

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.

News Government Manufacturing Economy General
July 15, 2015  

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.

News Government Manufacturing Oil & Gas Business Operations Economy General
July 7, 2015  

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

News Government Manufacturing Economy General
May 20, 2015  

Loonie, oil prices add to economic uncertainty: Bank of Canada

Poloz said he has his fingers crossed that the economy bounces back in Q2.

News Government Manufacturing Economy General
April 15, 2015  

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.

News Government Manufacturing Economy General
March 4, 2015  

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.

News Government Manufacturing Economy General
February 25, 2015  

Bank of Canada’s Poloz says impact of oil drop still unclear

Analysts change their tune on central bank rate cut expected Mar. 4.

News Energy Government Manufacturing Oil & Gas Economy General
January 22, 2015  

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.

News Government Manufacturing Oil & Gas Business Operations Economy General Production
December 4, 2014  

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.

News Government Manufacturing Business Operations Economy General
November 26, 2014  

Burden of economic growth must move away from households: IMF

Sluggish business investment is still holding back growth.

News Government Manufacturing Business Operations Economy General Production
November 4, 2014  

Exporters need to fill Canada’s economic void, Poloz says

Bank of Canada governor says companies that pulled through the recession need to expand.

News Government Manufacturing Business Operations Economy General
September 16, 2014  

Dollar up on strong manufacturing data

Statistics Canada says manufacturing sales increased 2.5% to $53.7 billion in July.

News Government Manufacturing Business Operations Economy General
July 24, 2014  

Retail sales record second straight strong month

Wholesale and manufacturing sales rebounds driving growth of 2.2%, about twice the pace of Q1.

News Government Manufacturing Business Operations Economy General
July 23, 2014  

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.

News Energy Government Manufacturing Business Operations Economy General
July 17, 2014  

‘Serially disappointed’ about economy, Poloz keeps stimulative rates in place

Depressed export demand is keeping business from committing to new investments.

News Aerospace Automotive Energy Forestry Government Manufacturing Metals Oil & Gas Pulp & Paper Transportation Business Operations Economy General
April 30, 2014  

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.

News Government Business Operations Economy
April 25, 2014  

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%.

News Government Business Operations Economy
March 31, 2014  

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.

News Aerospace Automotive Energy Food & Beverage Manufacturing Metals Oil & Gas Business Operations Economy
March 21, 2014  

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.