The money supply in Canada and the United States is substantially increasing, leading some to believe higher inflation will inevitably follow. The Bank of Canada tripled its balance sheet between early March and end of April 2020 as federal responses to the pandemic created large deficits. This increased the money supply of cash and chequing deposits…
Canadians’ Soaring Web Searches for ‘Inflation’ and a Possible Self-Fulfilling Prophecy
Inflation appears to be a bigger worry for consumers than it is for the Bank of Canada.
Bank of Canada Keeps Key Interest Rate Target on Hold at 0.25 percent
OTTAWA—The Bank of Canada is keeping its key interest rate target on hold at 0.25 percent, saying economic conditions still require it even if things are going better than anticipated. In a statement, the central bank says it expects economic growth in the first quarter of 2021 to be positive, as opposed to its previous…
GameStop Trading Frenzy a ‘Perfect Storm’ and a Warning for Canada
GameStop and a handful of other stocks have experienced roller-coaster rides that have gripped financial markets over the last week.
Rising Canadian Dollar a Headwind for Economic Rebound
The Canadian dollar’s strength is acting as a headwind for the country’s economic recovery, but its rally isn’t happening in isolation, as broad U.S. dollar weakness has been a trend since last spring
Bank of Canada Keeps Key Interest Rate Target on Hold
OTTAWA—The Bank of Canada is keeping its key interest rate target on hold at 0.25 percent. The central bank is citing the economic conditions and ongoing uncertainty from the pandemic as reasons for its decision. It also says that the earlier-than-anticipated arrival of vaccines has reduced economic uncertainty from “extreme levels.” Still, the bank says…
Bank of Canada Keep Key Rate at 0.25%, Warns of Economic Decline in 2021
OTTAWA—The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines. Workers in high-contact service industries will carry the burden of a new round of lockdowns, which the central bank…
Bank of Canada to Update Economic Outlook With First Rate Announcement of 2021
OTTAWA—Canada’s central bank will update its economic forecast for the country Wednesday when it announces its interest-rate decision, offering a glimpse into its outlook for COVID-19 recovery. The Bank of Canada said in October the country had been spared from a worst-case economic scenario, but it still didn’t see a recovery taking hold until at…
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