Bank of Canada to abandon general rate guidance, Poloz says...
WASHINGTON — Reuters
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The Bank of Canada intends generally to abandon guidance on the direction of interest rates because doing so will lead to less volatility in normal times and less market parsing of the central bank’s statements, Governor Stephen Poloz told Reuters. Poloz was speaking in conjunction with the release on Friday of a paper on integrating uncertainty into monetary policy making, the first he has written since taking over as head of the Bank of Canada last year. CONTINUE READING.
Why Canada needs a renminbi trading hub now
C.J. Gavsie, Special to Financial Post | October 10, 2014 11:17 AM ET
More from Special to Financial Post
More from Special to Financial Post
Because of the size of our domestic market, Canadian businesses have long traded beyond our own borders. Our reliance on international trade continues to grow, and rightly so. Such increased trade creates jobs at home and strengthens Canada’s economy. CONTINUE READING.
Canada adds more than triple the number of jobs
expected in September, jobless rate falls to 6.8%
expected in September, jobless rate falls to 6.8%
OTTAWA — Canada’s unemployment rate fell to nearly a six-year low in September as the economy produced a surprisingly strong 74,000 net new jobs — most of them full-time positions in the private sector. CONTINUE READING.
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