Meng Wanzhou’s misrepresentations to bank would be crime in Canada: Crown

Meng Wanzhou’s misrepresentations to bank would be crime in Canada: Crown

VANCOUVER – The Department of Justice says the allegations against Huawei executive Meng Wanzhou would be a crime in Canada and she should be extradited to the United States on fraud charges. The department says in documents filed in British Columbia Supreme Court that the allegations meet the crucial extradition test of “double criminality,” meaning […]

Advertisement for the position of Governor of the Bank of Canada

Advertisement for the position of Governor of the Bank of Canada

The Bank of Canada is the pre-eminent macroeconomic institution in Canada, and a world-leading central bank. The Bank has been recognized as one of Canada’s Top Employers for ten years in a row, and in 2018 was named Central Bank of The Year. Dynamic, engaged and trusted, it is an active and influential participant in […]

Bank of Canada maintains overnight rate target at 1 ¾ percent

Bank of Canada maintains overnight rate target at 1 ¾ percent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The Bank’s October projection for global economic growth appears to be intact. There is nascent evidence that the global economy is stabilizing, with growth still […]

Inflation-target renewal, impact of technology highlight Bank of Canada’s 2020 work plan, Governor Poloz says

Inflation-target renewal, impact of technology highlight Bank of Canada’s 2020 work plan, Governor Poloz says

Work toward renewing Canada’s inflation-targeting framework and understanding the impact of digital technology highlight a packed agenda for the Bank of Canada in 2020, Governor Stephen S. Poloz said today. In a speech to the Empire Club, Governor Poloz outlined what Canada’s central bank is doing given the major forces that will continue to affect […]

The Bank of Canada’s plans for 2020

The Bank of Canada’s plans for 2020

We’re reviewing our policy framework and tools The Bank’s monetary policy framework is scheduled for renewal in 2021. Our agreement with the federal government on the goals of monetary policy is reviewed every five years. In 2020, we’ll finish the work we’ve been doing since the last renewal in 2016. We have been thinking about […]

Bank of Canada Governor Stephen S. Poloz to step down in June 2020

Bank of Canada Governor Stephen S. Poloz to step down in June 2020

The Board of Directors of the Bank of Canada announced today that Governor Stephen S. Poloz has informed them that he will not seek a second term as Governor when his seven-year term expires on June 2, 2020. The Board has begun a search process to select the next Governor of the Bank.  “It has […]

Bank of Canada announces finalists for the fifth annual Governor’s Challenge

Bank of Canada announces finalists for the fifth annual Governor’s Challenge

The Bank of Canada has announced the five finalist teams in the 2019-20 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council. Congratulations to: University of British Columbia, coached by Jonathan Graves and Michael Devereux University of Calgary, coached by Paul Serletis Lakehead University, […]

Bank of Canada maintains overnight rate target at 1 ¾ percent

Bank of Canada maintains overnight rate target at 1 ¾ percent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The outlook for the global economy has weakened further since the Bank’s July Monetary Policy Report (MPR). Ongoing trade conflicts and uncertainty are restraining business investment, […]

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