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Experts also warn that stiff U.S. tariffs would likely push the Canadian economy into a recession in 2025, causing a spike in inflation and forcing the Bank of Canada to pause interest rate cuts ...
The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. [4] Chartered in 1934 under the Bank of Canada Act , it is responsible for formulating Canada's monetary policy, [ 5 ] and for the promotion of a safe and sound financial system within Canada. [ 6 ]
OTTAWA (Reuters) -The Bank of Canada said on Tuesday that if U.S. President-elect Donald Trump follows through on his threat of tariffs on Canada, it would have an impact on both economies and the ...
The Bank of Canada's decision marked the fifth consecutive reduction since June and brings the central bank’s key rate down to 3.25%. Forecasters were widely expecting a big rate cut after the ...
The 50 basis-point increase by Canada's largest bank by market cap mirrors the Bank of Canada's hike, taking RBC's prime rate from 2.70 to 3.20 per cent. TD followed minutes later, also increasing ...
In a "coordinated action to enhance the provision of liquidity through the standing U.S. dollar swap line arrangements", the U.S. Federal Reserve, the Bank of Canada, Bank of Japan, European Central Bank (ECB) and Swiss National Bank joined to organize daily U.S. dollar swap operations. These swaps had previously been set up to occur on a ...
Deputy Leader of the Conservative Party of Canada (2004–2015), Leader of the Progressive Conservative Party of Canada (2003), Minister of Justice and Attorney General (2013–2015), Minister of National Defence (2007–2013), Minister of Foreign Affairs (2006–2007), MP for Central Nova (1997–2015) and runner-up in the 2020 leadership election
Richard Tiffany "Tiff" Macklem (born June 4, 1961) is a Canadian banker and economist who has served as the 10th governor of the Bank of Canada since 2020. [1] [2] [3] He was also the former dean of the Rotman School of Management [4] and had previously served as the senior deputy governor of the Bank of Canada.