Canadian economy resilient despite global uncertainty

Canadian economy resilient despite global uncertainty

Different paths for different economies Canada and the United States both drastically cut interest rates during the global financial crisis to stimulate their economies. After the initial shock, we took different approaches to getting our economies back on track. This is because the impact of the crisis and its aftermath was different in each country. […]

Canadian economy resilient even as global outlook worsens

Canadian economy resilient even as global outlook worsens

The relationship remains strong in Canada Lately, there has been talk about whether the relationship between growth and inflation still exists. That’s because inflation rates in the United States and other advanced economies have been lower in recent years than you might expect given relatively strong growth. Here in Canada though, the story looks quite […]

Climate change threatens 'both the economy and the financial system,' says Bank of Canada

Climate change threatens 'both the economy and the financial system,' says Bank of Canada

For the first time ever, the Bank of Canada has released a report examining the threat climate change poses to the country’s financial system. The central bank’s annual financial system review (FSR), released today, analyzes the resilience of the country’s financial system, cataloguing the main vulnerabilities and risks facing it. Critics have been urging the bank to […]

Canada's economy slowed to a crawl to finish 2018

Canada's economy slowed to a crawl to finish 2018

Canada’s economy shrank by 0.1 per cent in December and got smaller in three of the previous four months. Statistics Canada reported Friday that the service sector eked out a 0.2 per cent expansion in December, but that was offset by a 0.7 per cent decline in goods-producing industries. Manufacturing shrank by 0.7 per cent, its […]

Canada's economy shrank in November as many sectors contracted

Canada's economy shrank in November as many sectors contracted

Canada’s gross domestic product declined by 0.1 per cent in November, as everything from manufacturing to construction, oil and gas, and finance all shrank. Statistics Canada reported Thursday the economy seems to have see-sawed in the three months up to November — shrinking by 0.1 per cent in September, then growing by 0.3 per cent in October […]

Governor Poloz Speaks on Financial Vulnerabilities and Risks to the Economy

Governor Poloz Speaks on Financial Vulnerabilities and Risks to the Economy

In his final speech of 2018, Governor Stephen S. Poloz discusses the vulnerabilities and risks in Canada’s financial system as well as Canadian and global economic developments. He explains how all this was taken into account in the December interest rate decision. [embedded content] Interest Rate Decision Governing Council decided to maintain the interest rate […]

Bank of Canada launches The Economy, Plain and Simple

Bank of Canada launches The Economy, Plain and Simple

Today, the Bank of Canada launched a new digital publication to help Canadians better understand the economy. The Economy, Plain and Simple will feature regular blog-like educational articles about current economic issues, using plain language and engaging visuals to explain concepts in simple terms. It will also cover topics related to the Bank of Canada’s […]