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Bank of Canada

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 Stephen…

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Trade issues, oil slump and lower spending have slowed growth: BoC deputy

Andy Blatchford, THE CANADIAN PRESS Feb 7, 2019

The effects of U.S. trade unknowns, lower oil prices and weaker housing and consumer spending are behind the recent deceleration in economic growth, a Bank of Canada deputy governor said in a speech Wednesday.To help the economy get…

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Bank of Canada holds interest rate, views oil slump as temporary soft patch

Andy Blatchford, THE CANADIAN PRESS Jan 9, 2019

The Bank of Canada left its trend-setting interest rate unchanged at 1.75 per cent Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming months.Before long, however, the central bank expects…

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BoC survey finds business sentiment down slightly, but remains positive

Stefan Novakovic Dec 21, 2018

A new survey by the Bank of Canada suggests overall business sentiment has weakened slightly, but continues to be positive.The central bank's business outlook survey indicator decreased slightly, but remains elevated as responses to…

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Bank of Canada holds interest rate at 1.75%; keeps eye on oil slump, investment

Andy Blatchford, THE CANADIAN PRESS Dec 5, 2018

The Bank of Canada is leaving its interest rate unchanged and says the timing of future hikes will depend on factors such as how long the oil-price slump lasts, how well business investment picks up its pace and how much room the economy…

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Bank of Canada holds interest rate for now, puts more focus on NAFTA

Andy Blatchford, THE CANADIAN PRESS Sep 5, 2018

The Bank of Canada's decision to leave its interest rate unchanged Wednesday could be just a brief pause that comes as it carefully follows the unpredictable twists in the country's trade talks with the United States.The central bank…

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Annual inflation rate jumped to 3.0% in July, highest reading since 2011

Craig Wong, THE CANADIAN PRESS Aug 17, 2018

Canada's annual inflation rate in July hit its highest level in nearly seven years as gasoline prices and the cost of air transportation pushed prices higher.Statistics Canada said Friday the consumer price index for last month was up 3.0…

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Central bank hikes rate, says tariffs already in place to have modest impact

Andy Blatchford - THE CANADIAN PRESS Jul 11, 2018

OTTAWA – The Bank of Canada raised its benchmark interest rate Wednesday in an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions.The rate hike was the central bank's first…

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Trade dispute, housing to ‘figure prominently’ in central bank’s rate decision

Andy Blatchford, THE CANADIAN PRESS Jun 28, 2018

The impacts of both the escalating cross-border trade fight and new mortgage rules will "figure prominently'' for the Bank of Canada ahead of its upcoming interest-rate decision, governor Stephen Poloz said Wednesday.The central bank has…

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Household debt and housing remain key risks for financial system: Bank of Canada

THE CANADIAN PRESS Jun 7, 2018

Canada's housing market and high consumer indebtedness levels remain the top vulnerabilities for the financial system, but both have shown signs of easing, according to the Bank of Canada.The central bank said in a report released…

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