Bank of Canada governor Tiff Macklem is shown at news conference in Ottawa on March 12. The rate decision came a little over a week after the U.S. levied its first round of blanket tariffs on ...
The statement of assets and liabilities presented in the tables follows in general the form presented in the Bank of Canada Act. In compliance with the 1991 Bank Act, the statutory requirement on ...
Before the Great Depression of the 1930s, the scattered and mainly rural population of Canada didn’t need a central bank. At that time, a small number of banks established branches in multiple ...
Fears about trade-policy uncertainty “significantly weakening” near-term economic activity persuaded the Bank of Canada to cut its main interest rate this month for a seventh straight time, even ...
Uncertainty over the impact of U.S. tariffs means the Bank of Canada could give a range of economic estimates rather than a ...
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TORONTO (AP) — Canadian Prime Minister Mark Carney is expected to trigger the process for an early parliamentary election ...
Mark Carney, who has only been prime minister for 10 days, has called for a general election to be held on April 28.
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Bank of Canada cuts interest rate to 2.75% as country faces 'new crisis' from tariffsThe Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.
The Bank of Canada debated holding interest rates steady before ultimately deciding to lower borrowing costs in order to relieve worried consumers and businesses as the trade war struck the economy.
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