Bank Of Canada

• Canada’s economy is weak, but ‘not clearly in recession,’ Macklem says

  Governor Tiff Macklem at the Bank of Canada said Wednesday that the economy is weak, but "not clearly in recession" after the central bank left interest rates unchanged.

  Economy

  Jun 10
  
• As consumers struggle, should the Bank of Canada hike, hold or cut rates?

  Several economists believe the Bank of Canada is more likely to raise borrowing rates in the coming months than provide a cut.

  Economy

  Jun 8
  
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• Are we in a recession? ‘Be careful’ with indicators, says Bank of Canada

  Even though the most recent GDP reports flirt with a technical recession, the Bank of Canada and several economists aren't ready to declare one formally just yet.

  Economy

  Jun 1
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• Bank of Canada says households struggling, economy vulnerable to shocks

  The global economy is 'volatile' and 'vulnerabilities' exist that could expose Canada to potential shocks on multiple fronts, the central bank's report says.

  Economy

  May 28
• Quebec Premier Fréchette won’t rule out exceeding $250M spending pot

  Quebec Premier Christine Fréchette defended her growing list of spending promises after the province’s finance minister warned she could exceed the government’s allocated funding.

  Canada

  May 23
• Geopolitical tension now seen as top economic risk in Bank of Canada survey

  Geopolitical tensions are now considered a bigger risk risk to Canada's economic productivity than trade conflict with countries like the U.S, according to the latest survey data.

  Economy

  May 11
• Soaring oil prices might force ‘consecutive’ rate hikes, Macklem warns

  Canada’s inflation rate inched higher to 2.4 per cent in March, compared with 1.8 per cent in February, led largely by fuel costs amid the Iran war.

  Economy

  Apr 29
• Fewer Canadian firms were anticipating a recession before Iran war began

  This is the lowest level since the series began in 2023, also coming at a time when 'concerns around trade tensions and tariffs were at a peak.'

  Canada

  Apr 20
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• Global financial systems must ‘come to grips’ with AI risks, BoC governor says

  Bank of Canada Governor Tiff Macklem says while there's been a fair amount of discussion about Antrhopic's Mythos, no one knows yet the full implications of this latest AI advance.

  Tech

  Apr 17
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• Bank of mom and dad? More parents are co-signing adult kids’ mortgages

  Co‑signing is more common among first‑time buyers who are younger and who have lower credit scores and lower incomes, a Bank of Canada report added.

  Money

  Apr 14