Why the Bank of Canada cut the key interest rate
The 50-basis-point cut, reducing the rate to 3.75. per cent, is ‘to support economic growth and keep inflation close to the middle’ of the one per cent to three per cent range, the Bank explained.
Want to find the real boogeymen? Look to the banks
While real wages stagnate, bankers and shareholders are getting rich by doing worse things than would land the average person in prison for life.
This Indigenous History Month, it’s time to hold Canada’s top bankers accountable
When the executives of Canada’s Big Five testify at the House Environment Committee on June 13, it will be an opportunity to cut through the banks’ greenwashing and redwashing.
Rate cut good news for Liberals, but won’t shift voter views on economic record, say politicos
‘I don’t think people are going to wake up tomorrow feeling better about the government than they felt yesterday,’ says former Liberal PMO staffer Alex Kohut.
Banking and Monetary Policy
Latest budget a big step for Canada’s financial services ecosystem
The government will finally advance Canada towards consumer-driven finance when it tables legislation signalled in April’s budget.
Spring lessons from Canada’s recent economic winter
Let’s hope this long economic winter will have equipped us to make the next ones less harsh, and that the spring finally comes back in full force.
The art of monetary policymaking
Whether an explicit broadening of the BoC’s mandate is needed is far from clear, but current circumstances support the need for flexibility in monetary policy frameworks.
Politicians should let the Bank of Canada do its job
The general consensus among economists is that central bank independence is necessary for good inflation control.
Central bank independence must remain a priority
Politicians have many competing priorities, and may not always place a high enough importance on low and stable inflation.
