Bank of Canada

Canada Almost Sold Half of its Gold Reserves

Over the recent weeks, Canada has been seen quietly disposing of its gold reserves, so much that the reserves now stand at 0.62 tons. The decision to sell the yellow metal is said to be issued straight from the Finance Minister, Bill Morneau's office.

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Canadian Finance Minister to approve submission of changing the faces in bank notes

Canadian Finance Minister has clearly stated that he strongly supports the central bank's recommendation of featuring Canada's iconic woman or women on paper currency. The petition for recognition of women, led by by hhistorian Merna Foster since 2013, seems to be slowly moving towards a positive decision.

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G7 finance ministers to address faltering global growth

Finance ministers from the world's largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.

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Eyes on Fed after ECB, other bank stimulus moves

The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank's massive stimulus plan.

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Fed-FX swaps with foreign central banks total $240 million in latest week

The Federal Reserve provided $240 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.

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No relief ahead for the battered Canadian dollar: Reuters poll

The coming year is unlikely to bring any relief to the weakening Canadian dollar as the Bank of Canada's neutral stance prompted analysts in a Reuters poll to renew their pessimistic forecasts for the currency.

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Canada reject Bitcoin as legal tender

The Canadian government has finally broken its silence about the Bitcoin, rejecting the digital currency as legal tender in the country, The Wall Street Journal blog Canada Real Time reported.

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Bank of Canada retains interest rate levels

Under new Bank of Canada Governor Stephen Poloz, the bank retained its benchmark interest rate level for the 24th consecutive month.

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Bank of Canada governor showed disappointment as to economic performance

Bank of Canada Governor Stephen Poloz expressed disappointment as to the country's economic performance despite signs of regained momentum.

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Bank of Canada’s low rates to remain: Poloz

Bank of Canada will keep its targets of keeping rates low.

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Canada Sets Out to become First North American Yuan Currency Trading Hub

Canada's banks are striving to make Toronto a yuan currency trading hub, which would a first in North America.

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Poloz: Bank of Canada in Uncharted Territory

Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.

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