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The Latest Breaking News from the Bank of Canada

Who is Mark Carney? Canada's new prime minister and former Bank of England governor

Mark Carney has been elected as Canada's new prime minister following a significant victory for the Liberal Party, overcoming Pierre Poilievre's Conservatives

Evening Standard

Canada election results live: Trump says ‘nice gentleman’ Carney to visit White House next week amid tariff row

Carney says Trump won’t succeed with his ambitions to expand US territory

The Independent UK

As Trump looms over Canadian elections, affordability a key factor

As Canada goes to polls on Monday, Trump threats are key as are cost of living issues.

Al Jazeera

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Canada Central Bank Holds Interest Rate Steady Amid Tariffs Chaos

The Bank of Canada on Wednesday held its key lending rate at 2.75 percent, pausing a stream of recent cuts due to shifting US trade policy and tariffs.

International Business Times

Mark Carney: Canada's New PM Charted Unusual Path To Power

He was born near the Arctic, led the central banks of two major economies and has become Canada's prime minister despite never having served in parliament.

International Business Times

Quick Facts About Mark Carney: Net Worth, Wife, Children And How Justin Trudeau's Successor Plans To Challenge Trump

Mark Carney, former Governor of the Bank of Canada and Bank of England, is now eyeing leadership of the Liberal Party of Canada.

International Business Times UK

Mark Carney Wins Vote To Replace Trudeau As Canada PM

Canada's Liberal Party overwhelmingly elected Mark Carney as the country's next prime minister Sunday, as the former central banker warned of "dark days" brought on by the United States under President Donald Trump.

International Business Times

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Who is the man who will become the next prime minister of Canada?

Former central banker Mark Carney will become Canada’s next prime minister after he won Liberal Party leadership vote in a landslide

The Independent UK

Canada Liberal Party To Choose New Leader To Replace Trudeau As PM

Canada's Liberal Party names its next leader Sunday, with a former central banker and political novice favored to replace Prime Minister Justin Trudeau as the country confronts threats from US President Donald Trump.

International Business Times

What the looming federal election could mean for the Bank of Canada’s independence

The independence of central banks from the democratic process has been a bedrock of economic policy for decades. The Bank of Canada is no exception, maintaining distance from elected officials to ensure monetary policy is free from political pressures.

The Conversation

Mark Carney might have the edge as potential Liberal leader, but still faces major obstacles

In the weeks following Prime Minister Justin Trudeau’s resignation announcement, the race to name his successor seems to have become a two-person contest between former Deputy Prime Minister Chrystia Freeland and Mark Carney, the former governor of the Bank of Canada and the Bank of England.

The Conversation

Mark Carney, ex-Bank of Canada governor, launches bid to replace Trudeau

Carney slams Conservative leader Pierre Poilievre at his leadership campaign launch and vows to build Canada’s economy.

Al Jazeera

Mark Carney: Failed to stop Brexit but hopes to save Canada from populism

The former Governor of the Bank of England is a frontrunner to replace Justin Trudeau as Canadian prime minister

The Independent UK

Canadian dollar slumps as Trudeau's government teeters on collapse

The Loonie traded at its weakest intraday level since the start of the pandemic a day after Canada's finance minister resigned.

Fortune

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International Business Times

Canada Central Bank Makes Half Point Rate Cut To 3.25%

Canada's central bank on Wednesday lowered its key lending rate by 50 basis points to 3.25 percent, seeking to aid a slowing economy facing uncertainty following a tariff threat from US President-elect Donald Trump.

Benzinga

TD Bank Group Sees Global Economy Slows In 2024; TD Economics Predicts Gradual Interest Rate Cuts Amid Cooling Inflation, Geopolitical Risks Persist. U.S. Experiences Soft Landing With 4.1% Unemployment And Fed Rate Cut To 3.25-3.50% By End Of 2025. Canada Sees Growth Boost From Population Gains, BoC Cuts Rates To 2.25-2.50% In 2025. Canadian Dollar Expected To Trade At $0.71-$0.73 U.S. Cents.

ECONOMIC SUMMARY AND OUTLOOKThe global economy remains on track for a modest slowdown in calendar 2024, as high interest rates continue to weigh on growth. Alongside slower growth, inflation across the G-7 has cooled,

The Conversation

Bank of Canada’s latest interest rate cut: Monetary policy is not enough to address economic issues on its own

The Canadian and American economies are deeply intertwined. With the United States Federal Reserve cautious amid mixed signals from the labour market and rising inflation worries, the Bank of Canada has just lowered its key interest rate to 3.75 per cent — cutting it by half a percentage point.

The Guardian - UK

Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – as it happened

Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets

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The Walrus

The $20 Sandwich That Could Topple Trudeau

Consumer rage is real—and it’s shaping the next election

The Walrus

Poilievre Has No Economic Platform

But because of Trudeau’s blunders, he doesn’t need one

International Business Times

Inflation Slows Again In Canada To 2%

Inflation in Canada eased to two percent year-on-year in August, hitting the target set by the country's central bank and marking its slowest increase since February 2021, official data showed Tuesday.

The Conversation

Meet the ‘new consumer’: How shopper behaviour is changing in a post-inflation world

After a long anticipated wait, the Bank of Canada has finally decided to cut interest rates by 25 basis points. The decision marks a departure from the series of interest rate hikes that were previously implemented to curb inflation.