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Bank of Canada keeps key rate at 0.25 per cent, warns of economic decline in 2021

January 20, 2021 Jordan Press - THE CANADIAN PRESS

OTTAWA – The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines. Workers in

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Bank of Canada and OSFI team up for pilot project on climate change risk

November 18, 2020 Jordan Press - THE CANADIAN PRESS

OTTAWA – Canada’s top central banker is making a plea for the country to more quickly address the impacts of climate change to avoid any economic ripple effects on households and businesses. Tiff Macklem made the case in a speech

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Bank of Canada holds rate steady, says COVID-19 economic recovery likely by 2022

October 28, 2020 The Canadian Press

OTTAWA – The Bank of Canada is keeping its key interest rate on hold as it says the country’s economy won’t fully recover what was lost to COVID-19 until 2022, with the road to there dependent on the path of

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Bank of Canada holds rate, forecasts decline in GDP of 7.8% this year

July 15, 2020 Jordan Press - THE CANADIAN PRESS

OTTAWA – The Bank of Canada is holding its key interest rate at 0.25 per cent in response to what it calls the “extremely uncertain” economic outlook from the COVID-19 pandemic, and plans to keep it there until the picture

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Bank of Canada warns in report of business, household debt from COVID 19

May 14, 2020 Jordan Press - THE CANADIAN PRESS

OTTAWA – The Bank of Canada says there are signs in the country’s financial markets that suggest concern about the ability of companies to weather the COVID-19 economic crisis. The central bank has spent the last two months making a

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Economic downturn from COVID-19 will be sharpest on record, Bank of Canada warns

April 15, 2020 The Canadian Press

OTTAWA – The Bank of Canada is warning that the downturn tied to COVID-19 will be the worst on record and that the economic recovery will depend on the effectiveness of current measures to bring the pandemic under control. The

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Bank of Canada cuts key rate amid coronavirus concerns

March 4, 2020 Jordan Press - THE CANADIAN PRESS

OTTAWA – The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus

News Earnings / RatingsRisk

Trade conflicts and uncertainty remain a key risk: Bank of Canada

December 4, 2019 Craig Wong - THE CANADIAN PRESS

OTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday, noting that while global recession concerns are waning, trade conflicts and related uncertainty continue to remain a key risk. The central bank’s overnight rate target has

News Risk

Can Canada weather a global financial storm?

November 19, 2019 The Canadian Press

MONTREAL – The global economic picture has worsened, increasing risks to global growth and chances of financial stress that could spill over into Canada, the senior deputy governor of the Bank of Canada said Tuesday. In a speech to the

News Legislation / Regulation

Bank of Canada official urges re-think of cyber regulations

November 14, 2019 David Paddon - THE CANADIAN PRESS

TORONTO – Government bodies and the private sector need more ways to share information about cybersecurity threats, and that may require new regulations or legislation, a Bank of Canada official said Tuesday. Filipe Dinis, the central bank’s chief operating officer,

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Bank of Canada holds interest rate, warns of drag from global trade tensions

July 10, 2019 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The Bank of Canada is leaving its key interest rate unchanged in an announcement that balances domestic economic improvements with an expanding global slowdown caused by trade conflicts. The decision Wednesday kept the interest rate at 1.75 per

News Markets / Coverages

Could Canada cut interest rates?

April 2, 2019 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – Bank of Canada governor Stephen Poloz says the economy needs a longer lift from stimulative interest rates to overcome domestic and global economic hurdles, though he predicts the country’s recent economic weakness will only be temporary. Poloz, speaking