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Bank of Canada Keeps Interest Rate Steady At 0.5%
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👤Arthur Greene
🕔December 7, 2016
The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face “undiminished” uncertainty.
The decision was in line with expectations with all major banks expecting rates to be left unchanged at this meeting.…
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👤Arthur Greene
🕔November 29, 2016
The rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today.
In a speech to the C.D.…
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👤Lisa Harris
🕔October 25, 2016
A further easing from the Bank of Canada would bring the central bank closer to unconventional monetary policy easing and the decision on whether to cut rates again is not one to take lightly, Governor Stephen Poloz said on Monday. Taking questions from lawmakers, Poloz also said that there were ingredients of a possible divergence between Canada and the United States, both economically and from a monetary policy standpoint.…
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👤Arthur Greene
🕔October 19, 2016
The Bank of Canada Governor Poloz in his press conference after the Bank of Canada’s rate decision, said that further policy measures had been discussed in the meeting, his statements were rather more dovish. He said that there had been a major rally in exports since the month of July, but the overall export levels was still lower than the market had anticipated.…
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👤Arthur Greene
🕔September 20, 2016
Stephen Poloz, Bank of Canada Governor has urged the country’s policy makers to forge ahead with measures to ease trade restrictions and spend more on infrastructure as a means to raise the currently weak long term growth rates. In a statement delivered in the city of Quebec, he said an aging population and other factors have dragged down the country’s “potential” growth rate to about 1.5%, further raising the downward pressure mounted on interest rates that goes well beyond efforts by the central bank to stimulate the economy.…
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