Latest Bank of Canada Stories
TORONTO, April 11, 2013 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on April 17, 2013. The Council further called for the Bank to hold the target at 1.00 through to April of 2014. The MPC is a panel sponsored by the C.D. Howe Institute to provide an...
TORONTO, Feb. 28, 2013 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on March 6, 2013. The Council further called for the Bank to hold the target at 1.00 through to March of 2014. The MPC is a C.D. Howe Institute project that provides an independent...
TORONTO, Feb. 6, 2013 /CNW/ - After years of "mission creep" at Canada's Crown financial corporations, their activities have expanded far beyond their original mandates and need reassessment, according to a new report from the C.D. Howe Institute. In "Reining in the Risks: Rethinking the Role of Crown Financial Corporations in Canada," authors Philippe Bergevin and Finn Poschmann assess the risks posed by three major Crown financials for taxpayers and the economy and make...
DALLAS, Jan. 23, 2013 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced that its Canadian loyalty business renewed a multi-year agreement with Amex Bank of Canada, a wholly owned subsidiary of American Express Travel Related Services Company, Inc., the largest operating unit of the American Express Company (NYSE: AXP), as a sponsor in the AIR MILES Reward Program....
TORONTO, Jan. 17, 2013 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on January 23, 2013. The Council further called for the Bank to hold the target at 1.00 through mid-year, recommending a target of 1.25 percent by January of 2014. The MPC is a C.D. Howe...
TORONTO, Dec. 13, 2012 /CNW/ - Ottawa must move carefully in deciding the best role for the Bank of Canada in preventing threats to financial stability, according to a report released today by the C.D. Howe Institute. In "Seeking Financial Stability: The Best Role for the Bank of Canada," former Bank of Canada Governor John Crow assesses how much of a role the Bank should play in this new policy front. Since the 2008/09 financial crisis, notes Crow, each G-20 country has had a...
TORONTO, Sept. 12, 2012 /CNW/ - The Bank of Canada needs a better inflation indicator that is more sensitive to swings in house prices than the Consumer Price Index (CPI), according to a new report from the C.D. Howe Institute. In "Housing Bubbles and the Consumer Price Index: A Proposal for a Better Inflation Indicator," Philippe Bergevin points out the CPI has not usefully reflected the rapid run-up in housing prices in recent years. He proposes a new official inflation...
TORONTO, Aug. 30, 2012 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 1.00 percent at its next announcement on September 5, 2012. The Council further recommended that the Bank hold the overnight rate target at 1.00 through March of 2013, and called for a target of 1.25 percent by August of next year....
TORONTO, July 12, 2012 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 1.00 percent at its next announcement on July 17, 2012. The MPC further recommended that the Bank hold the overnight rate target at 1.00 through January of 2013, and called for a target of 1.50 percent by July of next year. The MPC...
TORONTO, May 31, 2012 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on June 5, 2012. The MPC further recommended that the Bank hold the overnight rate target at 1.00 through the end of the year, and called for a target of 1.25 percent by June 2013. The MPC...
