A recent survey of market participants from the Bank of Canada has pointed to geopolitical and trade tensions as the biggest risks facing the Canadian economy. Leading the downside are geopolitical risks led by the Middle East war: 82% of respondents identified it as the biggest risk, while 79% and 57% of respondents chose rising…
By David Ljunggren and Promit Mukherjee OTTAWA, Jan 28 (Reuters) – The threat to the independence of the U.S. Federal Reserve is increasing economic uncertainty around the world, Bank of Canada Governor Tiff Macklem said on Wednesday, in her strongest comments yet on the Federal Reserve’s outlook. US President Donald Trump has repeatedly criticized Federal…
By Promit Mukherjee and David Ljunggren OTTAWA, Dec 16 (Reuters) – The Bank of Canada says regulations on future Canadian stablecoins must ensure they are backed by high-quality liquid assets and are pegged one-to-one to the central bank’s currency, Governor Tiff Macklem said on Tuesday. The Liberal government said in November it would introduce regulations…
Canadian stock futures saw a notable rise on Wednesday, buoyed by rising commodity prices and growing expectations of a pause in interest rate hikes by the U.S. Federal Reserve. This rise has left investors with a sense of anticipation as they await the central bank’s decision on interest rates. At 6:50 am ET, June futures…
By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Wednesday signaled the end of its cutting cycle after cutting its key overnight interest rate to 2.25%, but Governor Tiff Macklem said he would be ready to respond if Canada’s economic outlook changed materially. The 25 basis point cut, the second in…
