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Bank of Canada

  • Sunday, 15 September, 2024
    Bank of Canada governor raises prospect of big rate cuts

    Tiff Macklem signals central bank will step up pace of reductions should economic conditions worsen

    Tiff Macklem speaks at an event in London
  • Wednesday, 4 September, 2024
    Bank of Canada signals further cuts as interest rates fall to 4.25%

    Latest reduction comes amid weak growth and pressures on housing affordability

    The Bank of Canada in Ottawa
  • Wednesday, 5 June, 2024
    Canada becomes first G7 central bank to cut interest rates this cycle

    Governor Tiff Macklem says ‘reasonable to expect further cuts’ if inflation continues to ease

    Tiff Macklem
  • Sunday, 19 March, 2023
    Central banks
    Central banks announce dollar liquidity measures to ease banking crisis

    Turmoil prompts authorities to launch daily operations to access dollar funding via standing swap lines

    Close-up of the US Federal Reserve building in Washington
  • Wednesday, 25 January, 2023
    Central banks
    Bank of Canada signals likely pause in tightening after latest rate rise

    Central bank says it sees signs that economy has cooled in response to higher borrowing costs

    Bank of Canada building in Ottawa
  • Wednesday, 7 December, 2022
    Central banks
    Bank of Canada raises rates and hints at pause in tightening cycle

    Change in tone contrasts with other global central banks still warning of further increases to come

    Bank of Canada entrance
  • Wednesday, 9 November, 2022
    Property sector
    The era of ‘mortgage dominance’

    Forget about fiscal dominance, nothing spooks CBs like angry homeowners

  • Wednesday, 26 October, 2022
    Central banks
    Bank of Canada nearing end of monetary tightening, says governor

    Latest rate rise of 0.5% is smaller than economists expected

    Bank of Canada governor Tiff Macklem speaks to media
  • Wednesday, 7 September, 2022
    Canada warns of more rate rises after 0.75 percentage point increase

    Central bank lifts rates into ‘restrictive’ territory, where monetary policy hampers economic growth

  • Wednesday, 13 July, 2022
    Global inflation
    Canada surprises with 100bp interest rate rise

    Aggressive increase is largest since 1998 and comes amid signs inflation could persist

    Bank of Canada governor Tiff Macklem
  • Monday, 15 November, 2021
    Tiff Macklem
    Central banks will stay on the alert as they guide the recovery

    Progress in overcoming the pandemic’s effects is faster than expected, but monetary stimulus is still required

    Containers are stacked at the Port of Montreal. Inflation risks have increased with higher prices for many goods — driven by demand shifts, supply disruptions and higher energy prices
  • Monday, 1 November, 2021
    News in-depthCentral banks
    Federal Reserve clampdown on staff trading turns spotlight on other central banks

    Rules on personal investments vary — some, such as the BoJ, are strict while others grant bankers more freedom

    Haruhiko Kuroda of the Bank of Japan; Christine Lagarde of the ECB; Jay Powell of the Federal Reserve; Andrew Bailey of the Bank of England
  • Wednesday, 27 October, 2021
    Bank of Canada jolts investors by signalling earlier move on rates

    Government debt falls after central bank ends bond-buying programme and hints it will tighten policy

    Bank of Canada governor Tiff Macklem
  • Wednesday, 21 April, 2021
    Monetary policy
    Canada scales back bond purchases and raises growth forecast

    First major economy to ease Covid-related stimulus measures introduced last year

  • Friday, 1 May, 2020
    Bank of Canada names Tiff Macklem as its next chief

    Former deputy set to take over as country faces sharpest economic contraction in decades

  • Friday, 13 March, 2020
    Canada moves to shore up economy with emergency rate cut

    Ottawa also releases C$10bn in credit as it grapples with coronavirus and oil price crash

    Canada's Prime Minister Justin Trudeau attends a news conference at Rideau Cottage in Ottawa, Ontario, Canada March 13, 2020. REUTERS/Blair Gable
  • Wednesday, 4 March, 2020
    Bank of Canada cuts interest rates in face of coronavirus

    The cut matches the Fed’s emergency rate cut to counter the fallout from the outbreak

    Vehicles drive past the Bank of Canada offices in Ottawa, Ontario, Canada, on Monday, March 20, 2017. Trudeau's finance chief, Bill Morneau, will release his second federal budget Wednesday and all signs point to more red ink: annual deficits are presently projected in the C$30 billion (C$22 billion) range -- the highest since the aftermath of the 2008 downturn -- with no forecast return to balance. Photographer: Chris Roussakis/Bloomberg
  • Tuesday, 24 December, 2019
    Global Economy
    Bank of Canada deputy governor leads race for top job

    Frontrunner Carolyn Wilkins would become first woman to take helm at the central bank

    FILE PHOTO: Senior Deputy Governor Carolyn Wilkins listens to Bank of Canada Governor Stephen Poloz speak during a news conference upon the release of the Financial System Review in Ottawa, Ontario, Canada, May 16, 2019. REUTERS/Chris Wattie/File Photo
  • Friday, 6 December, 2019
    Stephen Poloz to step down as Bank of Canada governor

    Departure could pave the way for the central bank’s first female chief, market watchers say

    Vehicles drive past the Bank of Canada offices in Ottawa, Ontario, Canada, on Monday, March 20, 2017. Trudeau's finance chief, Bill Morneau, will release his second federal budget Wednesday and all signs point to more red ink: annual deficits are presently projected in the C$30 billion (C$22 billion) range -- the highest since the aftermath of the 2008 downturn -- with no forecast return to balance. Photographer: Chris Roussakis/Bloomberg
  • Wednesday, 4 September, 2019
    Global Economy
    Bank of Canada holds interest rates steady

    Central bank tempers expectations for future cuts, citing stronger-than-expected economic growth

    (FILES) In this file photo taken on April 12, 2011, a woman walks past the Bank of Canada building in Ottawa. - The Bank of Canada on September 4, 2019, held its key lending rate at 1.75 percent, saying it expects the Canadian economy to slow in the second half of the year. A bump in domestic growth in the second quarter, it said in a statement, was likely temporary, while the ongoing China-US trade conflict is dampening the global outlook. (Photo by GEOFF ROBINS / AFP)GEOFF ROBINS/AFP/Getty Images
  • Tuesday, 3 September, 2019
    Capital markets
    Bank of Canada likely to join easing club by October, say traders

    Rate-cut bets increase after bleak economic data from Europe and the US

    Views Of The Bank Of Canada As Household Imbalances Will Be Slow to Correct...The Bank of Canada building stands in Ottawa, Ontario, Canada, on Thursday, June 13, 2013. The Bank of Canada said record consumer debt loads remain the biggest domestic risk to the financial system and these imbalances will take time to unwind. Photographer: Patrick Doyle/Bloomberg
  • Wednesday, 17 July, 2019
    Canada
    Canadian inflation cools in June as oil prices slip
  • Wednesday, 29 May, 2019
    Canadian dollar drops after BoC holds rates, reiterates wait-and-see stance
  • Wednesday, 24 April, 2019
    Canadian dollar slips as BoC hits pause on future rate rises

    Central bank trims 2019 growth forecast to 1.2%

  • Friday, 29 March, 2019
    Canada
    Canada bounces back with strongest growth in eight months in January
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