Dollar holds ground ahead of CPI, Aussie wallows near 4-month low
The dollar traded close to a two-week high versus the yen on Wednesday ahead of a highly anticipated reading of U.S. inflation that could provide clues on the pace of …
Bank of Canada
Canada’s inflation rate rose to 2 per cent in October – National
Canada’s inflation rate rose to two per cent in October, up from 1.6 per cent in September, Statistics Canada said. The annual rate of inflation, which fell below the Bank …
Jasper wildfire, a rate cut, Earth’s hottest days. This week’s big stories – National
The scenic town of Jasper, Alta., was devastated in a wildfire that engulfed Jasper National Park, Joe Biden addressed the nation for the first time after announcing he won’t run …
Why MP questions put the Bank of Canada governor in a political minefield – National
Bank of Canada governor Tiff Macklem navigates a political minefield every time he testifies before the House of Commons finance committee. Four times a year, members of Parliament get the …
Budget 2024 won’t have much effect on inflation, Bank of Canada head says – National
By Staff The Canadian Press Posted May 1, 2024 6:19 pm 1 min read Descrease article font size Increase article font size Bank of Canada governor Tiff Macklem says he …
Canada’s Top 100 Employers: 2024 winners
Open this photo in gallery: As the Canadian workplace continues to evolve, Canada’s Top 100 Employers 2024 are reimagining work. For the winners of this year’s competition, selected by Mediacorp …
Pace of government spending ‘not helpful’ in efforts to tame inflation: Macklem – National
The Bank of Canada’s efforts to tame inflation by raising interest rates are at odds with the projected pace of government spending, says governor Tiff Macklem. Macklem spoke to reporters …
Premiers’ ask for rate hold put Bank of Canada’s independence at risk: Macklem – National
Bank of Canada Governor Tiff Macklem warned premiers who publicly asked the central bank to not raise interest rates last month that their requests could undermine the institution’s independence. The …
Ottawa making financing cheaper for more builders to spur rental construction – National
The Liberal government’s latest plan to get more rental housing built is to expand a program that helps developers secure cheaper mortgage rates as higher interest costs affect the viability …
Does the Bank of Canada’s mandate need to ‘modernize?’ A senator thinks so – National
A Canadian senator is looking to “modernize” the Bank of Canada’s mandate, including appointing “external” people to a permanent committee to discuss and set interest rates. The changes put forward …