The former Bank of Canada governor said evidence that inflation is likely to remain subdued because of weak global growth and lower commodity prices also reinforced the need to maintain the current loose policy
The bank officially rates overall risk as “elevated,” one rung lower than the “high” level it has had in place since December 2011
Macklem, who was beat out for the top bank job by Stephen Poloz, will depart in the spring
The minister told reporters that his intent all along has been to make a choice at about the end of April
The bank predicts the economy won’t get back up to full speed until mid-2015
Canada recorded modest 1.8 per cent growth rate in both the first and second quarter of this year
Bank of Canada governor says firms keeping big stockpiles of cash amount to “dead money” in the economy
