Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Wilkins on Wednesday after the central bank held interest rates steady. MACKLEM ON QE RECALIBRATION. "This adjustment is about maximizing the effectiveness of the program. MACKLEM ON SCOPE TO DO MORE QE.
* BANK OF CANADA GOVERNOR MACKLEM SAYS IT WILL TAKE QUITE SOME TIME FOR THE ECONOMY TO FULLY RECOVER FROM THE COVID-19 PANDEMIC. * BANK OF CANADA GOVERNOR MACKLEM SAYS BANK WILL KEEP PROVIDING MONETARY STIMULUS TO SUPPORT THE ECONOMY THROUGH THE RECOVERY. * BANK OF CANADA GOVERNOR MACKLEM SAYS CANADIAN DOLLAR HAS BEEN A BIT STRONGER THAN WE ASSUMED IN JULY, DESPITE CONTINUED LOW OIL PRICES.
The Bank of Canada on Wednesday said it expects interest rates to remain at current record lows until 2023, and that a second wave of coronavirus infections would have a pronounced impact on near-term economic growth.
The Bank of Canada left its key interest rate unchanged at a record low 0.25% on Wednesday, the central bank said in a statement. Bank of Canada Governor Tiff Macklem said in July that the rate would stay at 0.25% for at least two years as the economy slowly recovered from the coronavirus pandemic.
The Canadian dollar weakened to
a three-week low against its U.S. counterpart on Wednesday, as
investors worried that rising coronavirus cases would slow
global economic recovery and ahead of an ...
FourKites®, the #1 supply chain visibility platform, today announced that it will join customers Walmart Canada and Cardinal Health in a panel discussion on “Technology Strategies for Supply Chain Leaders” that will be held on November 4, 1:20pm EST, at the upcoming Gartner Supply Chain Symposium/Xpo™ 2020.
Canada's main futures stock index fell on Wednesday, weighed down by weaker oil prices, while investors awaited the country's central bank announcing its interest rate decision later in the day.
The Canadian dollar strengthened
against its U.S. counterpart on Tuesday as oil prices rose and
investors awaited an interest rate decision by the Bank of
Canada, with the currency recouping much of ...
Canada's main stock index was muted on Tuesday, as dismal earnings from Teck Resources Ltd (TECK) and Restaurant Brands International Inc (QSR) offset strength in energy stocks.
Canada's main stock index inched slightly lower at the open on Tuesday, weighed by weakness in the materials sector and dismal earnings from Teck Resources Ltd (TECK) . * At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 9.47 points, or 0.06%, at 16,070.08.
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