Posted April 29, 2019
During an interview this weekend, Bank of Canada governor Stephen Poloz suggested a slowdown in global trade is a “fairly temporary phenomenon” that likely has much to do with recent U.S. trade actions. Continue Reading
Posted April 25, 2019
In what Governor Stephen Poloz called a policy “detour,” the BoC left its benchmark lending rate unchanged while indicating that it had no intention of hiking interest rates for the foreseeable future. Continue Reading
Posted April 03, 2019
Speaking to northern business leaders this week, the central bank governor noted that trade disputes and a trending shift away from the globalization of production are slowing growth in world trade. Continue Reading
Posted March 19, 2019
The loonie may sink back to its record low $0.62 as the country retrenches from a consumer-spending boom into the face of a slowing global economy, warns former Bank of Canada advisor David Wolf. Continue Reading
Posted March 06, 2019
Under Economic Issues, International Trade Issues, Other Government Departments-Agencies
Acknowledging a sharper-than-expected economic slowdown, the Bank of Canada left its benchmark rate unchanged at 1.75% while noting “increased uncertainty” about the timing of any future hikes. Continue Reading
Posted December 06, 2018
Speaking a day after the central bank kept interest rates on hold, Bank of Canada Governor Stephen Poloz warned the economy was weaker than forecast and predicted low oil prices would cut growth. Continue Reading
