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Tag: Bank of Canada

Finance/Business

Canadian economy’s strong start to 2023 was short lived, new data suggests slowdown has begun

April 29, 2023April 29, 2023 - by cmedia

Representative Image of Canada’s cooling economy. Image credit Unsplash/Towfiqu Barbhuiya Ottawa/CMEDIA: Strong bounce back of the Canadian economy reportedly at the start of the year appears to have been short-lived, …

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Canada / News

Still uncertain if King Charles III would replace the Queen on Canada’s currency

April 20, 2023April 20, 2023 - by cmedia

Ottawa/CMEDIA: Even though many months have passed since King Charles III assumed his new role as monarch, Canada has not yet updated its currency to include images of the new sovereign. Following the …

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Canada / Finance/Business

Bank of Canada ready to guard Canadian banks if current banking crisis in US, Europe affects Canada

March 30, 2023March 30, 2023 - by cmedia

Bank of Canada. Image credit: Wikimedia Commons Ottawa/CMEDIA: Canadian banks would be readily guarded from a global financial crisis by the Bank of Canada if the current banking crisis in the U.S. …

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Canada / Finance/Business

Bank of Canada releases details on interest rate decision in response to IMF’s recommendations

February 9, 2023February 9, 2023 - by cmedia

Toronto/CMEDIA: The Bank of Canada released on Wedneaday a summary of meetings of its Governing Council  made up of six members including Bank of Canada Governor Tiff Macklem and his deputies …

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Canada / Finance/Business

Bank of Canada increases policy interest rate by 25 basis points

January 26, 2023January 26, 2023 - by cmedia

Ottawa/CMEDIA: Benchmark interest rate has been raised by the Bank of Canada by 25 basis points to 4.5 percent. It is expected that the bank’s governing council would reportedly hold …

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Finance/Business

Canadian economic growth expectations lag in Q2; July estimate foretells contraction

August 31, 2022August 31, 2022 - by cmedia

Bank of Canada. Image credit: WikimediaCommons Toronto: According to the expectations of the Economists there would be another aggressive interest rate hike by the Bank of Canada next week after …

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Finance/Business

Canada sees higher-than-expected inflation, Bank of Canada raises key interest rate by 1 percent

July 13, 2022July 13, 2022 - by cmedia

Representative image of Canada’s rising inflation. Image credit: Pixaby Ottawa/CMEDIA: Canada’s reportedly higher-than-expected inflation led the Bank of Canada to hike its overnight interest rate by 100 basis points to …

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Canada / Politics

Cost of living to be balanced with fiscal restraint, Chrystia Freeland says

June 26, 2022June 26, 2022 - by cmedia

Chrystia Freeland, Canada’s Finance Minister reportedly said that in order to avoid the cost of living problem worse, there is a need to strike a balance between helping Canadians suffering …

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Finance/Business

Canada’s inflation rate spikes to a near 40-year high

June 23, 2022June 23, 2022 - by cmedia

Representative image of Canada’s rising inflation. Image credit: Pixaby Ottawa/CMEDIA: With increase in Canadian consumer prices in May at rates not seen since January 1983, Canada’s annual inflation rate accelerated …

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Canada / Finance/Business

Bank of Canada to outline risks in financial system amid soaring inflation

June 9, 2022June 9, 2022 - by cmedia

Bank of Canada. Image credit: Wikimedia Commons Ottawa/CMEDIA: Bank of Canada has reported high household debt and elevated housing prices have posed increased risks to the Canadian financial system, These …

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Recent Posts

  • Canada recognizes boxer George Dixon as a Person of National Historic Significance
  • Canada’s Quebec expects thousands more to flee wildfires
  • Chemical found in common artificial sweetener can damage DNA, Study warns
  • ByteDance used TikTok data to help China spy on Hong Kong activists, accuses former employee
  • US Treasury sanctions China- and Mexico-based enablers of illicit, fentanyl-laced pill production

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