Bank of Canada

Canada's Prime Minister Justin Trudeau promised middle class Canadians and those working hard to move up the economic ladder "sunny ways" during the 2015 election campaign. But a recent move by the Bank of Canada to boost interest rates for the first time in years may serve as a...

The fastest growing country among the G-7 group is none other than the United States neighbor to the north: Canada. According to a Bloomberg report, Canada's central bank's latest estimates show that the country grew at an annualized pace of nearly 4 percent in the first quarter of 2017. In fact,...

The Federal Reserve is expected to continue boosting interest rates throughout the remainder of 2017, and doing so is likely to hurt the Canadian dollar. According to a Bloomberg report, the Bank of Canada isn't expected to match the Fed's rate hikes this year which will put pressure on the "loonie...

The Bank of England met on Thursday, and, as expected, the central bank lowered its key interest rate for the first time in seven years to 0.25 percent from 0.5 percent. The vote to lower rates was unanimous across all nine officials, and the majority of officials expect to implement another rate...

On Wednesday, the Bank of Canada cut its benchmark interest rate to 0.50 percent in what is the second move by fiscal regulatory to try to stimulate its flagging economy this year. The 25 basis point reduction is aimed to try to revive growth projections for the second half of 2015 and was...

The Bank of Canada recently released its June 2015 Financial System Review on Thursday and briefly commented on the financial stress situation in the euro zone and the probability for a default in Greece. The Bank of Canada stated that the ongoing financial stress in Europe leads to global...

U.S. stocks held on to strong gains as U.S. industrial production rose more than projected. The Fed confirmed it will maintain a "friendly" policy that will support the economic recovery. According to Fed Chief Janet Yellen there are three main concerns the central bank is facing. Specifically...

Wednesday marked another day of mixed trading as investors and traders continue to find little clarity from the quarterly results released so far. With the markets being a "mixed bag" major indices ended the day little changed with the Dow ending slightly in the red and both S&P 500 and...

Stock futures declined before the equity markets opened after the ADP employment report showed a higher than expected 215,000 jobs were added during the month of November. Investors and traders were spooked by the report that solidifies the Fed's case to begin tapering. Traders and investors...

On Tuesday, the U.S. Dollar climbed to the highest levels against the Canadian Dollar since August of 2010. Recent positive economic data out of the U.S. has helped to underpin the greenback, fueling expectations of a possible taper of the $85 billion-a-month bond buying program at the December...

The Canadian dollar fell to a four-month low on Friday, ahead of the nation's CPI and Retail Sales reports. Earlier in the week the Canadian currency had been under pressure against its U.S. counterpart, as positive economic data and speculation over tighter monetary policy underpinned the...

Earnings season kicks into full swing next week with many companies expected to report. Also, some key economic data and another two speeches from Fed Chairman Ben Bernanke will be closely watched. Key Earnings In the coming weak, earnings from key banks Citigroup (NYSE: C) and Goldman Sachs (NYSE...