Daily News

FP Comment Source: Financialpost December 17, 2021

William Watson: Identity budgeting

In the next budget — certainly in the next auditor-general’s report — it would be useful to see how much the terminological task force is costing taxpayers The most annoying thing about this week’s federal economic and fiscal update from Finance Mi...

Source: Bankofcanada December 15, 2021

Building on success

Governor Tiff Macklem speaks about the Bank of Canada’s monetary policy framework review and the agreement between the Government of Canada and the Bank to renew the...

FP Economy Source: Financialpost December 15, 2021

'A pause, not a pivot': What business and economists are saying about Freeland's fiscal update

'While today's fiscal news can be characterized as moderately positive, the main message is stay tuned' Finance Minister Chrystia Freeland’s fall update on the economy revealed government finances are in better shape than previously projected. The...

FP Economy Source: Financialpost December 14, 2021

Ottawa to reveal economic forecast and fiscal update amid surging inflation and calls to stem spending

COVID-19 supports produced the highest deficit since Second World War last year OTTAWA — Canadian Prime Minister Justin Trudeau’s government will outline new fiscal and economic forecasts in a document to be released on Tuesday as inflation surges...

Source: Bankofcanada December 13, 2021

Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Monetary Policy Framework

The objective of Canada's monetary policy is to promote the economic and financial well-being of Canadians. Experience has shown that the best way monet...

Source: Bankofcanada December 13, 2021

Opening statement by Tiff Macklem

Thank you, Minister Freeland. Good morning. I am very pleased to have this opportunity alongside you, Minister, to share with Canadians the renewed monetary policy framework agreed upon...

FP Economy Source: Financialpost December 10, 2021

As household net worth rises in Canada, so do the lines at food banks

Rise in wealth from housing and stocks boom leaves behind those with lower incomes and few financial assets Food insecurity is rising in Canada, a country that has long-prided itself on its social safety net — including a roughly $300-billion pande...

Source: Bankofcanada December 09, 2021

Keeping our eyes on inflation

Deputy Governor Toni Gravelle talks about the Bank of Canada’s decision yesterday to leave the policy rate unchanged. He explains the link between supply bottlenecks...

FP Economy Source: Financialpost December 09, 2021

Bank of Canada worried supply chain disruptions will persist, stoking inflation for longer

Comments by deputy governor likely to reinforce expectations the central bank is considering raising interest rates soon The Bank of Canada is worried that global supply chain disruptions stoking inflation could last longer than expected, according...

Source: Bankofcanada December 08, 2021

Bank of Canada maintains policy rate and forward guidance

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary f...