Bank of Canada Governor Stephen S. Poloz discusses the forces fuelling the differences between the hot - and not so hot - sectors of the economy and regions of the country.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Economic growth in Canada is expected to average about 2 1/2 per cent in 2014 and 2015 before easing to around the 2 per cent growth rate of the economy’s potential in 2016.
The Board of Directors of the Bank of Canada today announced that Carolyn Wilkins has been appointed Senior Deputy Governor for a term of seven years beginning 2 May 2014.
The Autorité des marchés financiers (AMF), the British Columbia Securities Commission (BCSC), the Ontario Securities Commission (OSC) and the Bank of Canada have entered into a Memorandum of Understanding (MOU) to facilitate co-operation in carrying out their respective oversight responsibilities for financial market infrastructures (FMIs).