The Canadian economy is now clearly in excess demand, and inflation is high and broadening. The Bank is projecting inflation to decline to about 3% by t...
The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. The Bank is also continuing its policy of quantitative tightening (Q...
Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank’s Monetary Policy Report (MPR). Today, we raised the p...
Secures Canadian dollar's position as one of the best-performing major currencies right now Canada’s dollar surged after the nation’s central bank delivered a bigger-than-expected interest-rate hike, catapulting it ahead of major developed-market p...
Stocks slumped, with traders positioning for a hot inflation reading and the start of a key earnings season that may provide clues on whether the economy is headed toward a recession. The dollar climbed. A selloff in megacaps like Tesla Inc. and Apple Inc....
Tech stocks led a broad-based decline on the S&P/TSX Composite Index on Monday as investors looked ahead to a Bank of Canada interest rate decision and U.S. inflation data later this week. The TSX fell 206.06 points or one per cent to 18,816.80. Shopify we...
Shares of Rogers Communications Inc. dropped Monday — and underperformed peers — as the company faces fallout from a network outage that one analyst called “unprecedented,” as well as uncertainty about the implications for its planned $20-billion takeover of S...
Buyout firms facing a slower fundraising environment are giving investors much needed respite, according to the head of private equity for Alberta Investment Management Co. “We have seen a slowdown in fundraising a little bit and I think a lot of LPs (inve...
Jordan Zinberg, president and CEO, Bedford Park Capital FOCUS: Canadian small and mid-cap stocks MARKET OUTLOOK: Investors are focused squarely on inflation, interest rates and recession fears. During the recently completed second quarter, equity...
US stocks notched a weekly gain after a strong jobs report alleviated recession fears but cleared the path for the Federal Reserve to keep raising interest rates to fight inflation. The S&P 500 closed flat on Friday after struggling for direction througho...