OTTAWA — Bank of Canada Governor Tiff Macklem warned premiers who publicly asked the central bank to not raise interest rates last month that their requests ...
OTTAWA — Bank of Canada Governor Tiff Macklem warned premiers who publicly asked the central bank to not raise interest rates last month that their requests could undermine the institution's independence.
"Operational independence is critical to the legitimacy of the central bank, and to the effectiveness of monetary policy as a means to achieve price stability." Finance Minister Chrystia Freeland also faced criticism last month for saying the Bank of Canada's decision to hold its key rate steady was "welcome relief for Canadians."
Billionaire Trump donor Anthony Pratt was caught telling the sleazy story in secret recordings obtained by "60 Minutes Australia." Former President Trump’s ex-fixer-turned-foe Michael Cohen — whose past revelations about Trump’s wealth prompted the New York probe of his finances — is expected to take to the stand this week in an ongoing civil trial that could see the two men come face-to-face for the first time since they became sworn enemies.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ottawa weather: Sunny, chilly Monday in OttawaOttawa will see a break from the rain today but a cooler weather outlook with a chance of showers overnight.
Read more »
Ottawa police looking for crowbar-wielding suspect in Merivale bank robberyOttawa police are looking for anyone who might have information about a suspect in a bank robbery on Saturday.
Read more »
Bank of Canada to leave rates on hold as economy stalls, analysts sayThe Bank of Canada (BoC) will leave interest rates on hold on Wednesday as the economy stalls, analysts said, though many see the central bank warning that...
Read more »
BoC expected to hold key interest rate steady at 5% amid 'sluggish' economyThe Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend.
Read more »
Commodities weigh on TSX futures, BoC rate decision in focusExplore stories from Atlantic Canada.
Read more »
Commodities weigh on TSX futures, BoC rate decision in focusMarket News
Read more »