OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Monetary Policy Report Press Conference Opening Statement
Good morning. Senior Deputy Governor Wilkins and I are pleased to be here to answer your questions about today’s interest rate announcement and our Monetary Policy Report (MPR). Before taking your questions, let me offer a short…
Bank of Canada maintains overnight rate target at…
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Global economic growth…
Canada’s export sector shows promise in a challenging…
Canada’s economy can build on its traditional strengths by taking advantage of export opportunities in rapidly growing service sectors to overcome the current challenging environment, Bank of Canada Governor Stephen S. Poloz said today. Trade…
Bank of Canada joins Central Banks’ and Supervisors’…
The Bank of Canada today announced that it has joined the Central Banks’ and Supervisors’ Network for Greening the Financial System (NGFS). The NGFS was established in December 2017 in Paris at the One Planet Summit…
Global leverage makes financial system vulnerable, Senior Deputy…
Global debt is now US$100 trillion higher than just before the financial crisis and more than three times global gross domestic product (GDP), presenting a headwind to growth and making the financial system vulnerable, Senior…
The Age of Leverage
Introduction Good afternoon. Let me thank the UBC Vancouver School of Economics and the Vancouver CFA Society for the invitation. Vancouver is truly a global city. More than 70 countries have consular services here to…
Stephen S Poloz: Toward 2021: the power –…
Introduction As the country's central bank, our responsibilities are spelled out in the Bank of Canada Act. Its preamble says that our job is to "promote the economic and financial welfare of Canada"-a lofty assignment. Few…