C.D. Howe concludes that having the central bank responsible for financial stability would bring it “dangerously close” to making political decisions
Expertise is needed to develop climate-related data analysis and modelling frameworks
The move reduces the short-term rate to a range between 1.5% and 1.75%
Positive economic data should mean the Bank of Canada holds
Two newly released reports find that central banks' extreme monetary policy measures were justified
Several analysts said a new package could come at a September meeting
National Bank Financial predicts the BoC would prefer to avoid making any notable shifts
The central bank held its benchmark rate Wednesday
The central bank's benchmark short-term rate will remain in a range of 2.25% to 2.5%
An aging population that takes on less debt is less sensitive to changes in interest rates