Home » Posts tagged 'bank of canada' (Page 3)
Tag Archives: bank of canada
Canada has NO Gold but a Mountain of Debt… Things Will End Badly
Canada has NO Gold but a Mountain of Debt… Things Will End Badly While other central banks have been busy increasing their gold reserves, Canada sold off all its gold reserves in 2016. The Bank of Canada ranks last globally out of 100 major central banks. There is precedence in a central bank selling off […]
Oh Canada! Canadians Starting To Feel The Pain of Debt.
Oh Canada! Canadians Starting To Feel The Pain of Debt. Many Canadians are facing the consequences of spiraling debt. The Bank of Canada has increased its key interest rate three times since last summer, prompting some of Canada’s larger banks to raise their prime lending rates. Forty-seven percent of Canadians are feeling the pinch, indicating they […]
Lesson From Canada: There Really Are No Rate Hike Targets
Lesson From Canada: There Really Are No Rate Hike Targets Despite an inflation spike in Canada, Bank of Canada Governor Stephen Poloz says “Rate hikes Aren’t Mechanical.” Bloomberg reports Poloz Says Canadian Inflation Spike Doesn’t Violate 2% Target. Bank of Canada Governor Stephen Poloz said he’s not worried about inflation temporarily rising above the 2 […]
Loonie Drops As Bank Of Canada Holds Rates (As Expected)
Loonie Drops As Bank Of Canada Holds Rates (As Expected) With Canadian economic data at its most disappointing in 20 months, domestic trade-wars over oil pipelines exploding, and a housing market on the verge of collapse, The Bank of Canada held rates unchanged (as expected), sending a weak signal that sparked Loonie selling… Bank of […]
Loonie Spikes As Canadian Consumer Prices Surge
Loonie Spikes As Canadian Consumer Prices Surge Oh, Canada… growth is stagnating, housing bubbles imploding, and now inflation is surging… Canadian Consumer prices surge 2.2% YoY (well above expectations of +1.9% and January’s +1.7% YoY) Core prices – which exclude more volatile items like energy and are considered a gauge of inflation pressures – inched […]
The Central Bank Bubble: It Will Be Ugly
The Central Bank Bubble: It Will Be Ugly 21 Mar The global economy has been living through a period of central bank insanity, thanks to a little-understood expansion strategy known as quantitative easing, which has destroyed main-street and benefitted wall street. Central Banks over the last decade simply created credit out of thin air. Snap […]
Poloz to Queen’s University debt slaves: don’t worry about the “poverty effect”
Poloz to Queen’s University debt slaves: don’t worry about the “poverty effect” Kingston – Bank of Canada Governor Stephen Poloz got a warm welcome following a key policy presentation at his alma mater last week “These are exciting times,” Poloz told a large crowd at Queen’s University . “Students here will shape the future. I […]
Bank Of Canada Holds Rates As Expected, Warns Trade “Growing Source Of Uncertainty”
Bank Of Canada Holds Rates As Expected, Warns Trade “Growing Source Of Uncertainty” Amid uncertainty around NAFTA (and Trump tariffs), and slumping economic data, The Bank of Canada was expected to ‘hold’ and endorse the two rate-hikes priced into the curve (notably less hawkish than the growing belief in The Fed’s four-hikes), and that is […]
Canadian Existing Home Sales Crash In January
Canadian Existing Home Sales Crash In January After five straight months of acceleration, January saw Canadian existing home sales crash 14.5% – the biggest drop on record… Home prices rose 2,3% over the past 12 months, but it appears a sudden close-eye on Chinese buyers has hit the market hard as Toronto home sales crashed […]
Oh Canada! Part-Time Jobs Crash Most In History
Oh Canada! Part-Time Jobs Crash Most In History The Canadian job market has never lost more part-time jobs – ever – than in January… Canada’s unemployment rate rose to 5.9% as total job losses for January dropped the most since 2009, but it was the 137,000 collapse in part-time jobs that stands out. So what […]
Loonie Tumbles After Dovish Bank of Canada Hikes By 25bps, Warns Of NAFTA Uncertainty
Loonie Tumbles After Dovish Bank of Canada Hikes By 25bps, Warns Of NAFTA Uncertainty As expected by a broad majority of economists, the Bank of Canada just hiked its overnight rate by 25bps to 1.25%, the first hike by a G-7 central bank in 2018. In raising the rate, the BoC said that “recent data […]
Stephen Poloz Right To Be Worried
Stephen Poloz Right To Be Worried Bank of Canada governor Stephen Poloz cited numerous worries plaguing the economy during his speech to Toronto’s financial elites yesterday at the prestigious Canadian Club. However, the title of Poloz’s presentation, “Three things keeping me awake at night” seemed odd, given positive recent Canadian employment, GDP and other data. […]
Is Cryptocurrency a Government Plot?
Is Cryptocurrency a Government Plot? QUESTION: You have said that the future will be cryptocurrencies. The Bank of Canada has come out and acknowledged what you have been saying that such private issue challenges the government’s profit structure. Do you think electronic money will be viable sooner or later down the road? PG ANSWER: Electronic currency is […]
Yesterday’s “Watershed” Central Bank Announcement Which Everybody Missed
Yesterday’s “Watershed” Central Bank Announcement Which Everybody Missed In what may have been a watershed moment in monetary policy – which awkwardly was missed by almost everyone as a result of the concurrent launch of the latest North Korean ballistic missile which immediately drowned out all other newsflow – late on Thursday, the Bank of […]
Bank of Canada Shuts Out Free Market Economists from Key Policy Conference – Peter Diekmeyer
Bank of Canada Shuts Out Free Market Economists from Key Policy Conference – Peter Diekmeyer Next week’s Bank of Canada policy conference appears set to deliver standard talking points. Not a single free market economist has been invited and a BOC spokesperson confirmed that the alternative-financial press is also being shut out. The BOC […]
