Budget winners and losers
With a variety of fiscal and policy measures announced in the federal budget, here's a look at some of the winners and losers:
Stephen Poloz
Does high government spending mean more inflation? It's complicated
Conservative Leader Pierre Poilievre's attempt to block the federal government's budget bill from passing earlier this month is the latest example of government spending coming under scrutiny amid high inflation.
Long-term interest rate hikes effects will be 'more powerful' than people think: Poloz
The full effects of interest rate hikes have yet to be felt — and will be "even more powerful" than many anticipate, said former Bank of Canada governor Stephen Poloz on Thursday, November 24, 2022, in a speech about ways Canada can chart a path toward economic growth during uncertain times.
Pick up the pace on combating climate change, Bank of Canada governor says
Canada's top central banker is making a plea for the country to more quickly address the impacts of climate change to avoid any economic ripple effects on households and businesses.
Bank of Canada pumps $7B into financial system to ease impact of COVID-19
The Bank of Canada prepared to increase the cash it pumps into the financial system and Finance Minister Bill Morneau stressed the need for fiscal measures to manage the impact of COVID-19 as official Ottawa responded to another market plunge.
Bank of Canada commits to probing climate liabilities
Canada's central bank said Wednesday it is creating a multi-year research plan to study climate-related financial risks.
Central bank hikes rate, says tariffs already in place to have modest impact
The decision to hike the interest rate arrived in the middle of a trade dispute between Canada and the United States that’s expected to hurt both economies.
Feds' unheralded $102B rainy day fund kept for the improbable, like cyberattacks
The federal government committed hundreds of millions of dollars in its recent budget to help reinforce Canada's cyber defences — but if the effort fails to prevent a major attack, Ottawa can always turn to its little-known $102-billion emergency stash.
Provinces confront Morneau in feud with feds over marijuana-proceeds pot
A cross-country squabble over how best to divvy up the proceeds of Canada's coming legal-weed windfall is about to intensify as finance ministers gather for high-stakes talks in Ottawa.
Poloz says Bank of Canada won't speculate on possible impact of NAFTA talks
The governor of the Bank of Canada says that to avoid fuelling speculation, the central bank is resisting any in-depth study of what the sudden death of the North America Free Trade Agreement could mean for the Canadian economy.
In the Bank of Canada governor's words: excerpts from Poloz interview
Bank of Canada governor Stephen Poloz takes questions on the economic implications of legalized pot, the central bank's communications strategies, and interest rates.
Premiers tell Trudeau about doubts over pot, tax plans
The Liberal government has been fielding a lot of complaints about controversial proposed tax reforms — and now the premiers are taking a turn as they gather in Ottawa to meet Justin Trudeau.
Feds stick with July 2018 deadline to legalize pot despite provincial worries
The Trudeau government is sticking with its deadline to legalize recreational marijuana by July 2018.
Bank of Canada governor sees increasing evidence of speculation in GTA housing
The Bank of Canada's governor says there is increasing evidence of speculation in Toronto's hot housing market, where the average price of a detached house has surpassed the $1.5-million mark.
Costs of protectionism 'steep,' Bank of Canada governor Stephen Poloz says
Bank of Canada governor Stephen Poloz on March 28, 2017 makes a case for a policy mix frequently promoted by the federal government, an openness to more foreign investment, immigration and free trade.