Economy improving, central bank says
Macklem appointed to seven-year term
Central bank to maintain flexibility about when and how to intervene in the next crisis
The governor of the Bank of Canada says that Canada and the rest of the global economy must adjust to a much different world in the years ahead, including lower growth rates.In a speech to the Winnipeg Chamber of Commerce Thursday, Mark Carney suggested that recovery is underway, but it is not yet clear how […]
The Canadian PressCanada’s economy is becoming more solidly entrenched with the private sector beginning to play an increasingly pivotal role in leading the country out of recession, the Bank of Canada said Thursday in its latest policy report.In a mildly upbeat assessment of the recovery, the central bank’s quarterly outlook contains some upward revisions for […]
Growth projection lowered for 2010
Big decisions lie ahead
First rate hike won’t take place until the fourth quarter of 2010, say TD economists
Current hot market based on temporary factors
Loans more readily available, Bank of Canada says