Home » Posts tagged 'bank of canada' (Page 7)
Tag Archives: bank of canada
Stephen Poloz’s Zen Moment
Stephen Poloz’s Zen Moment To cut or not to cut, that is the question. And fortunately for Bank of Canada Governor Stephen Poloz, it was a pretty easy question. A lagging US recovery, China’s downturn, lower oil prices and “bad weather” all contributed to this interest rate cut. “I wouldn’t describe it as a close […]
Bank of Canada Decides More Bubble-Blowing is Needed
Bank of Canada Decides More Bubble-Blowing is Needed You Can’t Keep the Printing Press Idle for too Long … We have recently portrayed Canada’s new central bank governor Stephen Poloz, to whom we have alternately referred to as a comedian and a delusional bubble blower. This may perhaps strike some readers as uncharitable; then again, central […]
Bank of Canada Sees Global Economy, Freaks Out, Cuts Rate, Warns of Financial Stability Risks, Loonie Plunges
Bank of Canada Sees Global Economy, Freaks Out, Cuts Rate, Warns of Financial Stability Risks, Loonie Plunges The Bank of Canada took a good look at the Canadian economy, saw it was sinking into the mire, glanced at the collapsed prices of commodities, particularly oil, saw how they were wreaking havoc in Canada, and then […]
USDCAD Surges To 6 Year Highs As Bank Of Canada Slashes GDP Forecasts, Unexpectedly Cuts Rates
USDCAD Surges To 6 Year Highs As Bank Of Canada Slashes GDP Forecasts, Unexpectedly Cuts Rates In what seems to have surprised FX trader, Bank of Canada has taken an ax to growth forecasts and rates… *BOC CUTS CANADA 2015 GDP FORECAST TO 1.1% FROM 1.9% *BANK OF CANADA CUTS 2Q GDP ESTIMATE TO -0.5% […]
Bank of Canada interest rate decision: To cut or not to cut?
Bank of Canada interest rate decision: To cut or not to cut? With interest rates at historic lows, could it possibly make sense to go even further? It came as a shock to just about everyone when Bank of Canada governor Stephen Poloz announced the central bank would lower its benchmark lending rate in January to 0.75 […]
Side-Effects Include: Household Debt
Side-Effects Include: Household Debt Bank of Canada Governor Stephen Poloz fancies himself a surgeon. He compares cutting interest rates to life-saving surgery for the economy. I consider it more like bloodletting, a terrible practice that is now widely accepted as pseudoscience. According to Canada’s central banker, if the interest rate cut resulted in an increase of […]
Canadian households are racking up more debt, poll suggests
Canadian households are racking up more debt, poll suggests Average Canadian household owes $92,699, BMO poll suggests A new poll suggests Canadian households are piling on more debt and plan to borrow more in the short term, even though a slight rise in interest rates would “stress” most of them out. In BMO’s Annual Debt […]
Is Canada Next?
Is Canada Next? “All of that negative news has kind of put a downer on consumer sentiment,” is how Jharonne Martis, director of consumer research at Thomson Reuters, explained the crummy consumer confidence reading on Friday. The Thomson Reuters/Ipsos Canada Primary Consumer Sentiment Index haddropped to 51.6, the lowest so far this year and well below […]
Should Stephen Poloz be more worried about the Canadian economy?
Should Stephen Poloz be more worried about the Canadian economy? Blandly reassuring, is Bank of Canada governor really ready if something bad happens? I hope Bank of Canada governor Stephen Poloz was putting on a brave face. Despite a warning that risks had increased, mostly due to the property market, the avuncular Poloz was blandly reassuring when he met with […]
Bank of America forecasts another rate cut in Canada
Bank of America forecasts another rate cut in Canada Gloomy outlook for Canadian economy sees loonie pushed to 73 cents Bank of America, one of the U.S.’s biggest banks, says the Bank of Canada may have to cut its key lending rate again later this year. Bank of America says Canada’s economy will underperform the […]
Canadians pay cash less than half the time, Bank of Canada calculates
Canadians pay cash less than half the time, Bank of Canada calculates Credit cards get big boost as Canadians shun the ATM Cash is no longer king for Canadians when it comes to paying for retail transactions. A study released today by the Bank of Canada shows that less than half of our purchases are […]
Stephen Poloz may let inflation creep higher: Don Pittis
Stephen Poloz may let inflation creep higher: Don Pittis Bank of Canada governor may prefer an inflation bump to the damaging impact of higher interest rates Which would you prefer, higher interest rates or higher inflation? If you are someone who actually watches what the Bank of Canada does month to month, its two per […]
Rocco Galati challenges role of Bank of Canada in latest case
Rocco Galati challenges role of Bank of Canada in latest case Maverick lawyer argues central bank should provide interest-free money for infrastructure The lawyer best known for stopping the Supreme Court appointment of Judge Marc Nadon has turned his sights on the Bank of Canada. Rocco Galati has taken on a case for a group […]
High End Real Estate in Canada in Frenzied Bubble Blow-Off
High End Real Estate in Canada in Frenzied Bubble Blow-Off Throwing Caution to the Wind We have discussed the dangerous housing and consumer credit bubble in Canada in these pages on several previous occasions in some detail (see “Carney’s Legacy” and “A Tale of Two Bubbles” as examples). Since we first wrote about Canadian real […]
Jobless Folks, Working Moms, and More Left Out of Canada’s Budget
Jobless Folks, Working Moms, and More Left Out of Canada’s Budget Facing economic trouble ahead, Conservatives offer bouquet of tax breaks for the wealthy Wasn’t it always the student who kept asking for extensions on homework who always wound up turning in the poorest quality work? Finance Minister Joe Oliver tabled the 2015 federal budget […]
