Canada Interest Rate

Bank of Canada ‘remains independent’ amid political comments: Macklem – National

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Bank of Canada ‘remains independent’ amid political comments: Macklem – National

Bank of Canada governor Tiff Macklem reaffirmed the central bank’s independence on Thursday in response to politicians weighing in on the institution’s interest rate decisions over the past week. “I am confident that the Bank of Canada remains independent,” Macklem said to reporters in Calgary. “We have a clear mandate. Canadians expect us to control … Read more

Could a Toronto Blue Jays playoff bid be a home run for the economy?

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Could a Toronto Blue Jays playoff bid be a home run for the economy?

This year, September in Canada means two things: pressure ramping up on the Toronto Blue Jays as they chase an elusive wild card spot for a berth in the MLB postseason; and economists crunching numbers to revise their forecasts of how steep a decline the economy could soon face. Canada’s economy has stalled, according to … Read more