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The Latest Breaking News from the Bank of Canada

What the looming federal election could mean for the Bank of Canada’s independence

The independence of central banks from the democratic process has been a bedrock of economic policy for decades. The Bank of Canada is no exception, maintaining distance from elected officials to ensure monetary policy is free from political pressures.

The Conversation

Mark Carney might have the edge as potential Liberal leader, but still faces major obstacles

In the weeks following Prime Minister Justin Trudeau’s resignation announcement, the race to name his successor seems to have become a two-person contest between former Deputy Prime Minister Chrystia Freeland and Mark Carney, the former governor of the Bank of Canada and the Bank of England.

The Conversation

Mark Carney, ex-Bank of Canada governor, launches bid to replace Trudeau

Carney slams Conservative leader Pierre Poilievre at his leadership campaign launch and vows to build Canada’s economy.

Al Jazeera

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Mark Carney: Failed to stop Brexit but hopes to save Canada from populism

The former Governor of the Bank of England is a frontrunner to replace Justin Trudeau as Canadian prime minister

The Independent UK

Canadian dollar slumps as Trudeau's government teeters on collapse

The Loonie traded at its weakest intraday level since the start of the pandemic a day after Canada's finance minister resigned.

Fortune

Canada Central Bank Makes Half Point Rate Cut To 3.25%

Canada's central bank on Wednesday lowered its key lending rate by 50 basis points to 3.25 percent, seeking to aid a slowing economy facing uncertainty following a tariff threat from US President-elect Donald Trump.

International Business Times

TD Bank Group Sees Global Economy Slows In 2024; TD Economics Predicts Gradual Interest Rate Cuts Amid Cooling Inflation, Geopolitical Risks Persist. U.S. Experiences Soft Landing With 4.1% Unemployment And Fed Rate Cut To 3.25-3.50% By End Of 2025. Canada Sees Growth Boost From Population Gains, BoC Cuts Rates To 2.25-2.50% In 2025. Canadian Dollar Expected To Trade At $0.71-$0.73 U.S. Cents.

ECONOMIC SUMMARY AND OUTLOOKThe global economy remains on track for a modest slowdown in calendar 2024, as high interest rates continue to weigh on growth. Alongside slower growth, inflation across the G-7 has cooled,

Benzinga

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Bank of Canada’s latest interest rate cut: Monetary policy is not enough to address economic issues on its own

The Canadian and American economies are deeply intertwined. With the United States Federal Reserve cautious amid mixed signals from the labour market and rising inflation worries, the Bank of Canada has just lowered its key interest rate to 3.75 per cent — cutting it by half a percentage point.

The Conversation

Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – as it happened

Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets

The Guardian - UK

The $20 Sandwich That Could Topple Trudeau

Consumer rage is real—and it’s shaping the next election

The Walrus

Poilievre Has No Economic Platform

But because of Trudeau’s blunders, he doesn’t need one

The Walrus

Inflation Slows Again In Canada To 2%

Inflation in Canada eased to two percent year-on-year in August, hitting the target set by the country's central bank and marking its slowest increase since February 2021, official data showed Tuesday.

International Business Times

Meet the ‘new consumer’: How shopper behaviour is changing in a post-inflation world

After a long anticipated wait, the Bank of Canada has finally decided to cut interest rates by 25 basis points. The decision marks a departure from the series of interest rate hikes that were previously implemented to curb inflation.

The Conversation

Bank Of Canada Not Deterred By Weaker Loonie

Bank of Canada's divergence from the Federal Reserve and its impact on the Canadian dollar and monetary policy.

Top News

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Top News

Bank Of Canada Cautions On Debt And Asset Risks

Bank of Canada warns about high debt levels and asset valuations as risks to financial stability in Canada.

Top News

Bank Of Canada: Limits To US-Canada Rate Divergence

Bank of Canada highlights limits to US-Canada interest rate divergence for stability and growth.

Top News

Bank Of Canada Expected To Cut Rates Before U.S. Fed

Bank of Canada expected to lead rate cuts ahead of U.S. Federal Reserve in response to global economic concerns and trade tensions.

Top News

Bank Of Canada Warns Of Low Productivity And Inflation Risks

Bank of Canada warns about low productivity's inflation risks and emphasizes the need for improvement to ensure economic growth.

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Bank Of Canada Expects Rate Cuts This Year

Bank of Canada considers potential rate cuts amidst global economic uncertainties. Stay informed on monetary policy developments.

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Bank Of Canada Maintains Rates, Postpones Consideration Of Cut

Bank of Canada opts to keep interest rates steady, citing economic resilience and stable inflation. Monitoring global uncertainties closely.

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Economists Urge Trudeau To Cut Spending For Rate Cuts

Economists advise Trudeau to cut spending to prepare for potential rate cuts amidst global uncertainties.

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Bank of Canada to Discuss Balance Sheet Normalization Next Month

The Bank of Canada is set to discuss balance sheet normalization next month, according to the CFA Society. Stay informed on Canada's monetary policy.

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Canada's Budget Sets Stage for Rate Cuts, Says Finance Minister

Canada's finance minister discusses how the country's budget plans aim to create conditions conducive to rate cuts, providing an overview of the government...

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Canada's Housing Bulls Pose Threat to Macklem's Inflation Fight

Canada's housing market surge poses a challenge to Bank of Canada Governor, Tiff Macklem, as he battles rising inflation. Learn more here.

Top News

Canadian Dollar Expected to Rise but Mortgage Resets Limit Gains

Find out how the Canadian dollar is expected to rise, but its gains may be limited by mortgage resets. Get the latest updates on Forex-Poll-Canada.

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