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Bank of Canada

It's Time Canada Did Some Long-term Thinking About Oil

Jeffrey Rubin | Posted 02.09.2015 | Business
Jeffrey Rubin

The Bank of Canada would be wise to consider the future we're heading towards. For a petro-economy such as Canada's, where the energy industry and the country's economic well-being are closely linked, the financial risks associated with the pending battle against climate change are much greater than any cyclical downturn in oil prices.

Blame Oil: Opportunistic Thinking Amid the Oil Price Collapse

Jeffrey Rubin | Posted 01.26.2015 | Business
Jeffrey Rubin

Low oil prices have already been used to justify an interest rate cut, as well as a delayed and, presumably, reworked federal budget. With such a convenient scapegoat at hand, you can bet it won't be long before low oil prices will be made to shoulder even more blame.

Is Canada's Money Racist?

Reuters | Posted 10.20.2012 | Money

* Picture of Asian woman on banknote removed after complaints * Bank of Canada makes rare apology, first since 2003 OTT...

Oh Canada! Imposing Austerity on the World's Most Resource-rich Country

Ellen Brown | Posted 06.03.2012 | Business
Ellen Brown

Canada's once-proud government programs are being subjected to radical budget cuts -- cuts that could have been avoided if the government had not quit borrowing from its own central bank in the 1970s.

Fed, ECB, Other Central Banks Act To Ease Financial System Strain

AP | DAVID McHUGH and PAUL WISEMAN | Posted 01.30.2012 | Business

FRANKFURT, Germany — The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic...

What We Can Learn From Central Banks About Managing Our Wealth

Gemma Godfrey | Posted 05.25.2011 | Business
Gemma Godfrey

These trade wars are turning into foreign exchange market turbulence. So what are these so-called "currency wars"? And what can we learn from them?

Secret Documents Stolen From Head Of Canada's Central Bank

The Huffington Post | William Alden | Posted 05.25.2011 | Business

A thief stole classified documents from the head of Canada's central bank after smashing the window of his unattended Chrysler 300, the Globe and Mail...

Funding Public Health Care With a Publicly Owned Bank: How Canada Did It

Ellen Brown | Posted 05.26.2011 | Business
Ellen Brown

The Bank of Canada was created to end the hardships of the depression and give the government responsibility for the health of the economy. As it turned out, the Bank funded the health of the Canadian people.

Fed's Loan Rescue Sparks Big Stock Rally

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Staring at spreading financial dangers, the Federal Reserve announced a rescue package Tuesday that would pour as much as $200 bill...