The move brings the ACSS under the formal oversight of the central bank, and requires it to comply with risk management standards
By 2020 the commodity sector may only account for only 40% of exports, down from 50% in 2014
The proposed changes reinforce the distinction between FX rate fixings used as benchmarks for transactions and the exchange rates that the BoC publishes for informational purposes
Other regulatory measures are also needed, says deputy governor Timothy Lane
The key overnight rate remains at 0.5%
TD report outlines reasons why the central bank will cut interest rates next week
Some exporters remain optimistic their sales will benefit from strengthening foreign demand
The loonie is about where it was more than a decade ago when oil prices were also low
The most-indebted borrowers tend to be under 45 years old
Deputy Governor Agathe Côté to retire in January