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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 ]
Bank of Canada Governor Tiff Macklem on Friday said adoption of artificial intelligence (AI) by businesses could add to price pressures in the short term by boosting demand, even though its full ...
OTTAWA (Reuters) -The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday to help address slower growth, though Governor Tiff Macklem indicated that further cuts ...
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Although since that time inflation-targeting has been adopted by "most advanced-world central banks", [91] in 1991 it was innovative and Canada was an early adopter when the then-Finance Minister Michael Wilson approved the Bank of Canada's first inflation-targeting in the 1991 federal budget. [91]
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CTV Newsnet was renamed CTV News Channel on May 26, 2009, though at the time no channel format or schedule change occurred. [4] On September 10, 2010, Bell Canada (a minority shareholder in CTVglobemedia) announced that it planned to acquire 100% interest in CTVglobemedia for a total debt and equity transaction cost of $3.2 billion CAD. [5]
During Dodge's term, annual inflation stayed close to the Bank of Canada's target of 2 percent, and the Canadian economy avoided any recessions. [7] In 2008, Dodge retired from the Bank of Canada, and was replaced by Mark Carney. [7] Following his exit from the Bank, Dodge joined the Canadian law firm Bennett Jones as a senior advisor. [8]