Country is in a recession, central bank says
Rate decision coming Tuesday
Bank expects modest growth in 2009, Waugh says
Comments due Dec. 19
Kennedy stepping down Dec. 1
At a time when the supremacy of markets is under siege, Mark Carney, governor of the Bank of Canada, argues that continuously open markets are actually the key to global recovery. In the meantime though, interest rates will likely have to go lower, he says.Speaking to the Canada-United Kingdom Chamber of Commerce in London on […]
No threat has been indentified, bank says
New term loan facility unveiled
New structure creates more integrated lines of business
The Bank of Canada has announced the details of a new liquidity facility that will be available to firms other than primary dealers.On October 14 the Bank of Canada announced today that it will enter into a 14-day term purchase and resale agreement facility for private sector money market instruments. Eligible bidders include both primary […]