central bank of Canada
Morning Bid: Yen on the brink, but Tesla pulls back: A look at the day ahead in European and global markets from Tom Westbrook
reuters.com/markets/europe/global-markets-view-europe-2024-04-24/
Canada Hikes Capital Gains Tax to Raise Billions for Housing: Canada will raise capital gains taxes on businesses and wealthy individuals to help pay for tens of ...
bloomberg.com/news/articles/2024-04-16/canada-hikes-capital-gains-tax-to-raise-billions-for-housing
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Canada federal budget does not change fiscal track much, says Bank of Canada
reut.rs/44odr2N
Quick Glance: Macklem Sees Limited Impact of Canada Budget on Fiscal Direction
- Bank of Canada Governor Tiff Macklem suggested Prime Minister Justin Trudeau’s recent budget, which balanced increased spending with a capital gains tax hike and improved revenue forecasts, did not significantly contribute to inflationary pressures.
- Macklem informed reporters on Friday that the budget did not alter the government's fiscal trajectory significantly compared to the November fiscal update. It was highlighted that Finance Minister Chrystia Freeland upheld her commitment regarding deficit maintenance and shortfall reduction goals for the future.
- The Governor emphasized the continued adherence of the budget to these guidelines, which was deemed beneficial. He refrained from delving into specific details of budget measures, emphasizing the responsibility of lawmakers to deliberate on the government's fiscal plan.
- Macklem expressed that the latest three inflation indicators showed a sustained downward trend, with the bank awaiting confirmation that this trend will persist to ensure the progress towards price stability is maintained.
Bank of Canada to Hold as It Debates When to Start Easing Rates: Decision Guide: The Bank of Canada is likely to leave interest rates unchanged and avoid ...
bloomberg.com/news/articles/2024-04-09/bank-of-canada-to-hold-as-it-debates-when-to-start-easing-rates-decision-guide
Paid articlePaid Credibility Problem Keeps Bank of Canada Cautious on Rate Cuts: The Bank of Canada is making progress in its battle against inflation, but Governor Tiff Macklem ...
bloomberg.com/news/articles/2024-04-08/credibility-problem-keeps-bank-of-canada-cautious-on-rate-cuts
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David Rosenberg: Budget 2024 deserves a failing grade and will make the fight against inflation even harder
theglobeandmail.com/investing/markets/inside-the-market/article-david-rosenberg-this-anti-competitiveness-budget-deserves-a-failing/
Paid articlePaid Home Prices Dip in Canada as Buyers Await Lower Mortgage Rates: Canadian home sales were basically flat and prices dipped in March, a sluggish beginning to a ...
bloomberg.com/news/articles/2024-04-12/home-prices-dip-in-canada-as-buyers-await-lower-mortgage-rates
Paid articlePaid Canada's capital gains tax rise will further knock productivity, say economists: Canada's plan to raise taxes on the savings of wealthy people and corporations ...
reuters.com/world/americas/canadas-capital-gains-tax-rise-will-further-knock-productivity-say-economists-2024-04-18/
What's happening with global plastic treaty talks?: Global leaders are in Canada's capital for the fourth round of negotiations towards what would become the ...
theglobeandmail.com/world/video-whats-happening-with-global-plastic-treaty-talks/
Federal Budget 2024: Ottawa targets capital gains for billions in new revenue: Housing, defence and technology research all receive significant funding in the ...
theglobeandmail.com/politics/article-federal-budget-2024-targets-capital-gains-for-billions-in-new-revenue/
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Bank of Canada set to announce interest rate decision. Will it hold? - National | Globalnews.ca
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Scotiabank analyst see ‘downside risks’ to bank stocks in a higher-for-longer interest rate backdrop
theglobeandmail.com/investing/markets/inside-the-market/article-scotiabank-analyst-see-downside-risks-to-bank-stocks-in-a-higher-for/
Paid articlePaid BoC to start cutting rates in June, but greater risk is delay: The Bank of Canada will cut its key interest rate in June, a strong majority of economists in a ...
reuters.com/markets/rates-bonds/boc-start-cutting-rates-june-greater-risk-is-delay-2024-04-05/
Morning Bid: CPI vigil, Canada decides, China credit warning: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-10/
TSX closes lower as Bank of Canada holds rate, U.S. markets fall on inflation report | Globalnews.ca
trib.al/v1wUHxp
O.J. Simpson dead at 76 after cancer battle: O.J. Simpson, the American football star and actor who was acquitted in a sensational 1995 trial of murdering his ...
theglobeandmail.com/world/video-oj-simpson-dead-at-76-after-cancer-battle/
Quick Glance: O.J. Simpson's Failed Attempt at Rebranding
- O.J. Simpson tried unsuccessfully to improve his image through social media.
- Despite attempts at normalization through videos, he could not alter his negative image.
- Expert Bernt Ullmann explains Simpson's lack of remorse, crucial for a successful comeback.
- Simpson's controversial videos further polarized and isolated him from the public.
Budget 2024 'likely to be the worst' in decades, former BoC governor says: Without having seen it, former Bank of Canada governor David Dodge believes that ...
ctvnews.ca/politics/budget-2024-likely-to-be-the-worst-in-decades-former-boc-governor-says-1.6848214
Some fixed mortgage rates are up despite hints of Bank of Canada cuts. Why? | Globalnews.ca
trib.al/AROPqRW
Canada has a productivity problem - our young people are the solution: There are hundreds of thousands of Canadian youth who are neither enrolled in school nor ...
theglobeandmail.com/opinion/article-canada-has-a-productivity-problem-our-young-people-are-the-solution/
Canadian, U.S. markets rally after differing labour market reports: Canadian and American markets moved higher on Friday, with the TSX posting a new all-time ...
ctvnews.ca/business/canadian-u-s-markets-rally-after-differing-labour-market-reports-1.6835611
Canada sheds jobs in March, increasing bets for June rate cut: Canada's economy unexpectedly shed a net 2,200 jobs in March, largely in the services sector ...
reuters.com/markets/canada-sheds-jobs-march-unemployment-rate-rises-61-2024-04-05/
Ohtani interpreter charged with $16-million theft: Japanese baseball star Shohei Ohtani's former interpreter has been charged with bank fraud for stealing ...
theglobeandmail.com/sports/baseball/video-ohtani-interpreter-charged-with-16-million-theft/
Perceived job security in Canada falls to lowest since COVID-19 - BNN Bloomberg: Net job security plunged to 44.9 per cent, its lowest level since May 2020 ...
bnnbloomberg.ca/perceived-job-security-in-canada-falls-to-lowest-since-covid-19-1.2062143
Justin Trudeau owes the Premiers a meeting: Canada’s provinces and territories are frustrated about carbon pricing, but that isn’t their only concern – and a ...
theglobeandmail.com/opinion/article-justin-trudeau-owes-the-premiers-a-meeting/
Paid articlePaid Paris Olympic champions to earn US$50,000 prize money: Athletics has become the first sport to offer prize money to Olympic champions, announcing on Wednesday ...
theglobeandmail.com/world/video-paris-olympic-champions-to-earn-us50000-prize-money/
Spring housing market looms over the Bank of Canada’s rate decision. Here’s why - National | Globalnews.ca
trib.al/YJLda2d
Canada Taps Ex-BOC Governor to Examine How Pensions Invest: Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to ...
bloomberg.com/news/articles/2024-04-16/canada-taps-ex-boc-governor-to-examine-how-pension-funds-invest
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Powell Says Inflation Progress Has Stalled, Rates Will Hold Steady for Longer: Fed Chairman Jerome Powell is speaking today in a forum with Bank of Canada Gov ...
on.barrons.com/3xKrd38
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Fed’s Uncertain Path Creates Bind for Bank of Canada’s Macklem: The Bank of Canada is getting closer to cutting interest rates, but there are limits to how far ...
bloomberg.com/news/articles/2024-04-19/fed-s-uncertain-path-creates-bind-for-bank-of-canada-s-macklem
Paid articlePaid Fed’s Uncertain Path Creates Bind for Bank of Canada’s Macklem: The Bank of Canada is getting closer to cutting interest rates, but there are limits to how far ...
bloomberg.com/news/articles/2024-04-19/fed-s-uncertain-path-creates-bind-for-bank-of-canada-s-macklem
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Bank of Canada Gov. Macklem Says Inflation Edges ‘Closer to Normal’: Bank of Canada Gov. Tiff Macklem says inflation is getting “closer to normal” and officials ...
on.wsj.com/3JnfCKd
An unambitious, lacklustre Budget 2024 – that shouldn’t be a surprise: Much of the prebudget policy rolled out has been under the slogan ‘fairness for every ...
theglobeandmail.com/business/commentary/article-an-unambitious-lacklustre-budget-2024-that-shouldnt-be-a-surprise/
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What The Federal Budget's Spending Measures Could Mean For The BoC's Inflation Fight
seekingalpha.com/article/4684688-what-the-federal-budgets-spending-measures-could-mean-for-the-bocs-inflation-fight
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Live news: Venezuela to cut ties with Ecuador over embassy raid www.ft.com/content/d9cc0f59-786d-4774-b64a-d9dd6ec5d9f5
U.S. CPI, New Security Initiatives With Tokyo And Manila, Bank Of Canada Meeting: Given the backup of US rates and the stronger-than-expected jobs growth ...
seekingalpha.com/article/4683070-us-cpi-new-security-initiatives-with-tokyo-and-manila-bank-of-canada-meeting
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Fixed-rate mortgages still beat out variable following Bank of Canada decision to hold rates
thestar.com/real-estate/fixed-rate-mortgages-still-beat-out-variable-following-bank-of-canada-decision-to-hold-rates/article_e1f78396-f747-11ee-8b13-03de2cef4c1d.html
Paid articlePaid Susan Delacourt: Mark Carney offers a preview of what he’d look like as Justin Trudeau’s successor — and what he’d stand for
thestar.com/politics/mark-carney-offers-a-preview-of-what-hed-look-like-as-justin-trudeaus-successor-and/article_cfa48cc8-f686-11ee-bd1c-7791adc095be.html
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BoC holds key interest rate at 5%, signals that it’s inching closer to rate cuts: Economists were widely expecting the central bank to hold its policy rate ...
montrealgazette.com/news/national/boc-holds-key-interest-rate-at-5-signals-that-its-inching-closer-to-rate-cuts
What To Expect From Next Week's Bank of Canada Rate Decision: Robert Both, Senior Macro Strategist with TD Securities, speaks with MoneyTalk’s Greg Bonnell about ...
seekingalpha.com/article/4682318-what-to-expect-from-next-weeks-bank-of-canada-rate-decision
Paid articlePaid The Canadian dollar strengthened against its US counterpart as the greenback gave back some recent broad-based gains and investors turned attention to a Bank ...
reut.rs/49sxoGm
Canadian firms start to anticipate recovery, central bank survey finds: Canadian firms have begun to expect improved conditions after almost two years of ...
reuters.com/markets/canadian-firms-start-anticipate-recovery-central-bank-survey-finds-2024-04-01/
Bank of Canada Expects Rate Cut Conditions to Emerge This Year: Bank of Canada officials said they’ll likely be able to start cutting rates this year if the ...
bloomberg.com/news/articles/2024-03-20/bank-of-canada-expects-rate-cut-conditions-to-emerge-this-year
C$ weakens as BoC survey stays consistent with rate cuts: The Canadian dollar weakened against its U.S. counterpart on Monday as the greenback notched ...
reuters.com/markets/currencies/c-weakens-boc-survey-stays-consistent-with-rate-cuts-2024-04-01/
A carbon tax will hurt the economy, but that doesn’t mean it isn’t the right policy
theglobeandmail.com/business/commentary/article-canada-carbon-tax-climate-change/
Paid articlePaid Canada CPI February 2024: Inflation Slows, Core Measure Also Eased: Canadian inflation unexpectedly eased in February, building a case for the Bank of Canada to ...
bloomberg.com/news/articles/2024-03-19/canada-inflation-slows-to-2-8-in-february-below-expectations
Private equity is part of the solution to Canada’s productivity crisis: Private equity has proven capable of not just promoting growth, but also higher rates of ...
theglobeandmail.com/business/commentary/article-private-equity-is-part-of-the-solution-to-canadas-productivity-crisis/
Paid articlePaid Core Inflation Metrics Give Bank of Canada Room to Talk Cuts: Key measures for underlying price pressures that the Bank of Canada is watching show broad ...
bloomberg.com/news/articles/2024-03-19/core-inflation-metrics-give-bank-of-canada-room-to-talk-cuts
Canada’s economic soft power is ever strong, Greek PM’s visit shows: Over the past few years, Canada has emerged as one the world’s largest creditor nations
theglobeandmail.com/business/commentary/article-canadas-economic-soft-power-is-ever-strong-greek-pms-visit-shows/
Paid articlePaid Calgary homeowners reap the rewards of a rising market: The share of homes flipped has reached 6.54 per cent in the city, the largest in the country
theglobeandmail.com/real-estate/calgary-and-edmonton/article-calgary-homeowners-reap-the-rewards-of-a-rising-market/
Paid articlePaid Bank of Canada Keeps Policy Rate at 5%, ‘Too Early’ to Weigh Cuts: The central bank seeks more evidence that underlying inflation and wage growth are on a ...
wsj.com/articles/bank-of-canada-keeps-policy-rate-at-5-too-early-to-weigh-cuts-e895a293
Speculating about Princess Kate plus other letters, March 29: ‘We aren’t horrible or bad people, but some of us do horrible things’
theglobeandmail.com/opinion/letters/article-princess-kate-rumours-cancer-conspiracy/
Paid articlePaid Bank of Canada pause soothes the real estate market: As tales of bidding contests for houses became common, some downsizers felt more confident that they could ...
theglobeandmail.com/real-estate/toronto/article-bank-of-canada-pause-soothes-the-real-estate-market/
Paid articlePaid Carbon pricing is still the best way we have to support low-carbon economic growth
theglobeandmail.com/opinion/article-carbon-pricing-is-still-the-best-way-we-have-to-support-low-carbon/
Paid articlePaid Referencing 'In an emergency, break glass' signs, Bank of Canada official says, 'It's time to break the glass'
ctvnews.ca/business/referencing-in-an-emergency-break-glass-signs-bank-of-canada-official-says-it-s-time-to-break-the-glass-1.6822827
Quick Glance: Canada Urgently Needs to Boost Productivity
- Carolyn Rogers, the Deputy Governor of the Bank of Canada, emphasizes the need for a turnaround to safeguard the economy from potential inflationary pressures.
- In the fourth quarter of 2023, Canada saw a 1.7% annual increase in productivity, marking the first rise following six consecutive quarterly declines.
- Current data suggests that Canada's productivity level has remained virtually unchanged for the past seven years.
- Furthermore, an additional measure of living standards utilized by economists indicates a prolonged stagnation, remaining stagnant at a level reminiscent of nearly a decade ago.
Canadian consumers and businesses pin hopes on lower interest rates: BoC - National | Globalnews.ca
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Politics Briefing: Renters to receive help in next month’s budget: Also: Commissioner of foreign interference inquiry vows to release as much information as ...
theglobeandmail.com/politics/article-politics-briefing-renters-to-receive-help-in-next-months-budget/
Paid articlePaid My ill-dated dip in the cesspool of cryptocurrency: I had cashed out my meagre crypto and related holdings months before the recent bitcoin boom for about $20 in ...
theglobeandmail.com/business/commentary/article-my-ill-dated-dip-in-the-cesspool-of-cryptocurrency/
Paid articlePaid Canada to present federal budget on April 16, finance ministry says: Canada's Finance Ministry said on Monday it would present its 2024-25 federal budget to ...
reut.rs/3T65kSS
2024 is the year of the rate cut pivot — here's when the world's central banks will budge
cnbc.com/2024/03/13/when-are-the-worlds-central-banks-cutting-rates-in-2024.html
Dovish Analysts See Soft Canada Data Bolstering April Cut Calls: Analysts who expect the Bank of Canada’s first interest rate cut in April are rare – but they ...
bloomberg.com/news/articles/2024-02-28/dovish-analysts-see-soft-canada-data-bolstering-april-cut-calls
Politics Briefing: Manitoba, Ottawa each commit $20-million to search Winnipeg landfill for bodies of First Nations women
theglobeandmail.com/politics/article-politics-briefing-manitoba-ottawa-each-commit-20-million-to-search/
Paid articlePaid Statistics Canada set to release inflation report for February - National | Globalnews.ca
trib.al/1WJdQ3j
Big interest rate cuts this year? Ain’t gonna happen: Regardless of its intentions, the Bank of Canada will struggle to bring interest rates down by very much ...
theglobeandmail.com/business/commentary/article-big-interest-rate-cuts-this-year-aint-gonna-happen/
Paid articlePaid Inflation drop is ‘very encouraging’ but ‘it’s one number’: BoC official - National | Globalnews.ca
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A federal budget two weeks after fiscal year begins – what’s the excuse? : The 2024 federal budget will be delivered on April 16. That is more than two weeks ...
theglobeandmail.com/business/commentary/article-canada-federal-budget-fiscal-year/
Paid articlePaid Morning Bid: Powell tees up after megacaps scatter: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-03-06/
Want a low-cost economic initiative? Fix the immigration mess: The sudden surge in population has exacerbated the housing shortage, a structural problem that is ...
theglobeandmail.com/politics/opinion/article-want-a-low-cost-economic-initiative-fix-the-immigration-mess/
Paid articlePaid Bank of Canada's Macklem, ahead of budget, warns against spurring housing demand
reuters.com/world/americas/bank-canadas-macklem-ahead-budget-warns-against-spurring-housing-demand-2024-03-06/
Ottawa will meet its fiscal targets, Freeland says ahead of 2024 budget: Ms. Freeland says the government will meet the guidelines for debt and deficits set out ...
theglobeandmail.com/politics/article-ottawa-will-meet-its-fiscal-targets-freeland-says-ahead-of-2024-budget/
Paid articlePaid Rate cuts could be in the cards for 2024, but BoC sees housing market as a risk - National | Globalnews.ca
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2 years in, has the Bank of Canada’s historic rate hike campaign done the job? - National | Globalnews.ca
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PBO expects inflation to fall to 2% by end of year, deficit to grow amid weak economy
ctvnews.ca/canada/pbo-expects-inflation-to-fall-to-2-by-end-of-year-deficit-to-grow-amid-weak-economy-1.6795133
The premiers’ accidental clarity in carbon taxes: Saskatchewan Premier Scott Moe was one of three premiers drafted by the Conservatives to testify at a ...
theglobeandmail.com/politics/opinion/article-the-premiers-accidental-clarity-in-carbon-taxes/
Paid articlePaid Bank of Canada’s Rogers Flags Weak Productivity ‘Emergency’: The Bank of Canada’s no. 2 official says fixing the country’s faltering productivity would allow for ...
bloomberg.com/news/articles/2024-03-26/bank-of-canada-s-rogers-calls-weak-productivity-an-emergency
Paid articlePaid Confidence growing among buyers as spring real estate market opens: With the Easter holiday falling in late March this year, many sellers have been holding off ...
theglobeandmail.com/real-estate/toronto/article-confidence-growing-among-buyers-as-spring-real-estate-market-opens/
Paid articlePaid Jamil Jivani will fit right in with activist, populist conservatism of Poilievre: A Poilievre government would be anything but incrementalist in implementing its ...
theglobeandmail.com/politics/opinion/article-jamil-jivani-will-fit-right-in-with-activist-populist-conservatism-of/
Paid articlePaid Canada’s productivity problem runs deep and ripples far in the economy: Canada’s five-year performance in the TSX at 9.84 per cent annually compares poorly with ...
theglobeandmail.com/business/commentary/article-canadas-productivity-problem-runs-deep-and-ripples-far-in-the-economy/
Paid articlePaid S&P/TSX composite makes moderate gain after rate decision, U.S. markets also rise | Globalnews.ca
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Interest rate hold widely expected in BoC’s latest decision. Are cuts close? - National | Globalnews.ca
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