Economic growth will stall in the second quarter of the year due to the U.S. slowdown and the global credit crunch, the Bank of Canada said Thursday.In its monetary policy report, the central bank said economic growth for the April-June quarter will hit an annual rate of only 0.3%, down from a January expectation of […]
Door remains open to further cuts, economists say
50 bps cut likely, economists say
Finance minister Jim Flaherty today announced the appointment of Daniel Johnson to the board of directors of the Bank of Canada. His appointment is effective immediately.Johnson, a legal counsel in the Montreal office of McCarthy Tétrault LLP, where he provides strategic and practical advice to clients regarding their relations with public and governmental institutions. He […]
Banks need to readjust risk management practices
The Bank of Canada has been pumping liquidity into the markets again this week.Today the central bank announced the results of a $2 billion term purchase resale agreement (PRA) that was announced back in March as part of coordinated action with several other central banks of the G10, designed to help address liquidity pressures in […]
Deputy governor emphasizes need for economic flexibility
Central bank announces fellowship award winners
Turmoil likely to result in improved private sector standards and more effective regulation
Fed expands emergency lending program