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Bank of Canada


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,

News Insurance

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

News Earnings / Ratings

What it will take for another interest rate hike

February 21, 2019 Andy Blatchford THE CANADIAN PRESS

OTTAWA – The head of the Bank of Canada says his trend-setting interest rate is low enough, at its below-inflation level of 1.75 per cent, that it’s delivering stimulative effects to the economy. But even in the stronger economy, governor

News Legislation / Regulation

Interest rates might not rise next month: Analysts

December 19, 2018 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – Cooling inflation has given the Bank of Canada another reason to keep interest rates on ice next month. The annual pace of inflation slowed in November to 1.7 per cent as upward pressure from higher gasoline prices eased

News InsuranceMarkets / Coverages

Bank of Canada keeps key interest rate target on hold at 1.25 per cent

May 30, 2018 Craig Wong - THE CANADIAN PRESS

OTTAWA – The Bank of Canada kept its key interest rate target on hold Wednesday, but noted the Canadian economy was a little stronger than expected in the first quarter, raising expectations that rate hikes are coming later this year

News InsuranceMarkets / CoveragesTechnology

Bank of Canada calls for global alignment on cryptocurrency policy

March 27, 2018 The Canadian Press

TORONTO – The Bank of Canada’s senior deputy governor is calling for authorities to work toward a coherent set of globally aligned policies governing cryptocurrencies. Carolyn Wilkins told a University of Toronto conference on Thursday that such a strategy will

News Earnings / RatingsInsuranceMarkets / Coverages

Bank of Canada hikes interest rate to 1.25%, cites strong economic data

January 17, 2018 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The economy’s impressive run prompted the Bank of Canada to raise its trend-setting interest rate Wednesday for the third time since last summer – but looking ahead it warned of growing uncertainties about NAFTA. The central bank pointed

News Earnings / RatingsInsuranceMarkets / Coverages

Why insurers don’t want a sudden hike in interest rates

January 8, 2018 by Greg Meckbach

Insurers might be happy if lending rates rise by a few percentage points, but a financial executive with one mutual warns a sudden rise in interest rates carries a noticeable risk. The Bank of Canada announced in December it is

News InsuranceLegislation / Regulation

Buying Bitcoin ‘means buying risk,’ says Bank of Canada governor

December 15, 2017 Armina Ligaya and Andy Blatchford - THE CANADIAN PRESS

TORONTO – Bank of Canada governor Stephen Poloz is sounding the alarm on Bitcoin, calling the purchase of the cryptocurrency “closer to gambling than investing.” In a speech at the Canadian Club Toronto on Thursday, the governor said Bitcoin is