Bank of Canada governor Macklem ‘concerned’ about renters as their credit card debt skyrockets
Macklem warned Tuesday that the share of mortgage-free Canadians with a credit card balance of at least 90 per cent of their ...
BoC’s Macklem signals more rate cuts are coming, but remains tightlipped on size and pace
The central bank has cut interest rates by a quarter-percentage point at three consecutive meetings since June, bringing the ...
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Bank of Canada Gov. Macklem Says Growth Needs to Accelerate to Maintain 2% Inflation
Tiff Macklem said Tuesday. Recent indicators suggest growth won’t be as strong as the central bank forecast, Macklem ...
Bank of Canada says it's reasonable to expect more rate cuts
OTTAWA, Sept 24 (Reuters) - Given the continued progress the Bank of Canada has made in bringing inflation back down to the 2 ...
Macklem Warns AI May Push Prices Higher Through Demand Boost
Bank of Canada Governor Tiff Macklem warned that artificial intelligence technologies may add to inflationary pressures as ...
The Bank of Canada is ‘scaling down’ plans for a possible digital loonie
For now, the Bank of Canada is shifting away from preparations for a possible central bank digital currency amid the lack of ...
Bank of Canada’s Tiff Macklem warns AI could destroy more jobs than it creates
Impact of the technology is unknown and it could have disruptive effects on the economy, the central banker said in a speech ...
Canadian dollar notches 4-week high on China stimulus measures
The Canadian dollar strengthened to nearly a four-week high against its U.S. counterpart on Tuesday as China's economic ...
USD/CAD drifts lower below 1.3550 as investors await BoC’s Macklem speech
USD/CAD weakens around 1.3530 in Tuesday’s early Asian session. Several Fed officials open the door to further large interest-rate cuts by the end of this year. Investors will closely watch the ...