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Bank of Canada News

Bank of Canada Governor sees confidence in economy, growth

The Bank of Canada Governor says confidence in the economy is improving, and the country is near a "tipping point," that will soon bring closer to normal economic growth.

Both IMF and Bank of Canada lower growth predictions for Canada

Ottawa - Mark Carney, Governor of the Bank of Canada, lowered economic growth expectations for the first and second quarters in Canada. The IMF also predicted a lower growth rate as well.

Canadian economy slips on dismal retail report

Ottawa - Early last year the Canadian government and the Conference Board of Canada forecast with loquacious swagger a strong performance for the 2012 Canadian economy - which was exactly wrong.

Op-Ed: Canadians increase debt by six percent in fourth quarter of 2012

Ottawa - A report issued in December 2012 indicated that the overall debt of Canadians had increased by 164 percent. A report released by TransUnion says that the personal debt load, not including mortgages,increased by six percent in the fourth quarter of 2012.

Mark Carney: Interest rate hike warnings being heard by Canadians Special

Toronto - Bank of Canada Governor Mark Carney delivered a speech to the Toronto CFA Society where he discussed guidance of central bank policies. Carney stressed the importance of transparency in monetary policy and the market’s response to the interest rates.

Mark Carney steps down as head of Bank of Canada for England job

Ottawa - Bank of Canada Governor Mark Carney announced that he is stepping down as of July 1 after serving nearly five years. The central bank head, who has received accolades across the globe, will take the top job at the Bank of England.

Canada's new $20 polymer bank note officially enters circulation

Ottawa - With a few days until Remembrance Day, the Bank of Canada announced the new $20 polymer bank note that goes into circulation Wednesday. The new bill honours the nation's military men and women and the back features the Canadian National Vimy Memorial.

Bank of Canada head Mark Carney on list of top central bankers

Ottawa - A finance magazine has published a list of the world's top heads of central banks. This year's compilation includes six central bankers, who received "A" grades. Argentina's Mercedes Marcó del Pont and Ecuador's Pedro Delgado were last.

Bank of Canada head issues apology for $100 bank note controversy

Ottawa - Bank of Canada Governor Mark Carney issued an apology for the decision to exclude a woman that appeared to be of Asian descent, according to focus group participants. Carney called the move a mistake and the design process would be reviewed.

British PM considering Mark Carney as Bank of England governor

London - Bank of Canada head Mark Carney is being considered by British Prime Minister David Cameron as the new Bank of England governor. Most individuals tied to the British central bank have been tainted by the Libor scandal.

Canada's bank bailout concealed by government

A think-tank claimed that Canada's banks secretly received billions from the government to bail them out during the recession. Toronto Sun says this is pure leftist propaganda for the May 1st crowd and occupy protesters.

Op-Ed: Government is not the palladium to our inflation woes in Canada

Toronto - For most Canadians, the cost of living has become astronomical. Those who have lived beyond their means for quite some time have been forced to live beneath their means. The inflation tax has become the bearer of ill will by our elected representatives.

Bank of Canada launches new $50 polymer bank note, now at ATMs

Ottawa - The Bank of Canada has launched its new $50 polymer bank note. The $50 bill, which is part of a series of state-of-the-art bank notes, features former Prime Minister Sir William Lyon Mackenzie King and the Arctic research icebreaker CCGS Amundsen.

Bank of Canada wants policies to restrain free market, incomes

Rio De Janeiro - Bank of Canada deputy governor Tiff Macklem delivered a speech to a business audience, in which he argues for public officials to enact policies that would rein in the free market and address income inequalities.

Bank of Canada head says U.S. economy unlikely to fully recover

Ottawa - Bank of Canada governor said in a recent interview with a news outlet that the United States economy is unlikely to fully recover. Citing billions in lost exports, Carney pointed to China and the Asia-Pacific region as potential trading partners.

Bank of Canada maintains overnight rate at 1%, head warns of debt

Ottawa - The Bank of Canada announced on Tuesday that it is maintaining the overnight rate at one percent. Furthermore, Mark Carney, head of the central bank, warned of consumers increasing their debt faster than their incomes.

Bank of Canada holds key rate at 1% due to deepened euro crisis

Ottawa - The Ottawa-based Bank of Canada announced Tuesday that it is holding the overnight rate at one percent. The central bank explained that it is responding accordingly to the deepening euro sovereign debt crisis.

Op-Ed: Mark Carney named global banking regulator

On November 4, Mark Carney was appointed head of the Swiss-based Financial Stability Board. This does not affect his position as head of the Bank of Canada.

Study finds Canadians saving less, BoC Governor says debt a risk

Toronto - A new study found out that Canadians are saving less than one year ago, but more than half are maintaining a budget. With reports of increasing household debt, Bank of Canada Governor Mark Carney says that can be a risk to the nation's economy.

Bank of Canada showcases new polymer notes

Ottawa - What's in your wallet? If the Bank of Canada's plan to roll out its new notes goes off without a hitch, Canadians can expect to be carrying a lot more plastic.
 

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Bank of Canada Image

The new $50 bill
The new $50 bill
Bank of Canada
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The Bank of Canada building in Ottawa
The Bank of Canada building in Ottawa
Mikey G Ottawa
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New Canadian $20 bill
New Canadian $20 bill
Bank of Canada
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Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
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Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
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Canadian polymer currency: The new polymer banknotes are highly secure  durable  and innovative.
Canadian polymer currency: The new polymer banknotes are highly secure, durable, and innovative.
Bank of Canada
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The new $50 bill
The new $50 bill
Bank of Canada
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Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
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Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
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Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
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Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
image:134862:0::0
Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
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Bank of Canada Governor Mark Carney
Bank of Canada Governor Mark Carney
World Economic Forum
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Bank of Canada Senior Deputy Governor Tiff Macklem
Bank of Canada Senior Deputy Governor Tiff Macklem
Bank of Canada
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