The Bank of Canada decided on Wednesday to maintain its target for the overnight interest rate at 5%, as the institution will continue its policy of quantitative easing.
Reflecting on the economic conditions surrounding the decision, the institution stated that the global economy will continue to...
The Bank of Canada (BoC) announced on Friday its governor Stephen Poloz (pictured right) won't seek a second term as the head of central bank when his seven-year term expires in June 2020.
"It has been a privilege to serve as the ninth Governor of the Bank of Canada. My time as Governor has...
The Bank of Canada (BOC) decided to maintain its target for the overnight rate at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25%.
Real gross domestic product (GDP) grew by 2.4% in the first quarter. It is estimated, however, to have contracted by 1% in the second...
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