Opening Statement before the House of Commons Standing Committee on Finance
Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...
Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...
'Anything bigger than a 50-point increase would be very unusual' Bank of Canada governor Tiff Macklem telegraphed a second half-point increase at the central bank’s next interest-rate announcement, while dousing speculation he might be considering...
U.S. stocks fell, capping a third weekly decline, as disappointing corporate results and prospects for aggressive interest-rate hikes weighed on sentiment. The S&P 500 slid 2.8 per cent, the biggest decline since March 7, tipping the benchmark to a weekly...
Bruce Campbell, president and portfolio manager, StoneCastle Investment Management FOCUS: Canadian stocks MARKET OUTLOOK: Markets continue to face multiple headwinds that have investors nervous. High Inflation, geopolitical conflict, an inverted yi...
Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half percentage-point interest-rate increases while describing the labor market as overheated. “I would say that 50 bas...
Friday is proving a washout for investors as increasingly bigger bets on Federal Reserve tightening prompted traders to offload risk and haven alike before the weekend. The technology-heavy Nasdaq 100 is on track for its worst month since 2008, short-dated...
U.S. stocks slid as the selloff in Treasuries resumed, with traders bracing for the possibility of more aggressive policy tightening by the Federal Reserve. The dollar gained. The S&P 500 dropped 1.5 per cent in a dramatic reversal of a more than 1 per cen...
Paul Harris, partner and portfolio manager at Harris Douglas Asset Management FOCUS: North American and global stocks MARKET OUTLOOK: I think we are in a period of extended volatility with the Ukraine-Russian crisis and the U.S. Federal Reserve rat...
Canada's main stock index slipped from early gains to post its largest daily slump in three months on fears of slowing economic growth as members of the U.S. Federal Reserve signalled that an aggressive rate hike is coming next month to tame inflation. Cra...
Kevin Carmichael: Concession will fuel speculation of steeper hikes, but half a point still best bet Bank of Canada governor Tiff Macklem acknowledged inflation ended the first quarter hotter than he expected, a concession that will feed speculatio...