Bank of Canada (BoC) news

The Bank of Canada (BoC) announced its interest rate decision on Wednesday. The BoC kept its interest rate unchanged at 0.75%. This decision was expected by analysts.

Canada's central bank said that the nation's economy "the current degree of monetary policy stimulus is still appropriate".

The BoC pointed out that "the risks around the inflation profile are now more balanced".

The central bank expect a negative impact from lower oil prices to appear in the first half of 2015.

January's interest rate cut eased financial conditions in Canada.

The BoC lowered its interest rate to 0.75% on January 21, 2015, down from 1.0%. That was the first interest rate reduction since April 2009.

The Bank of Canada (BoC) Governor Stephen Poloz rejected on Tuesday that he has been talking down the Canadian dollar. He added that the decline of the loonie depends on Canada's economy.

The BoC governor noted that oil prices are responsible for the performance of the economy.

The Canadian dollar fell 3.2% since interest rate cut by the Bank of Canada on January 21. The central bank lowered its interest rate to 0.75% from 1.00%.

Poloz pointed out that the further interest rate cut will depend on the economy's fundamentals.

The Bank of Canada Governor Stephen Poloz said today that falling oil prices are negative for the Canadian economy.

He added that falling oil prices reduce Canada's income, "and investment and employment in the energy sector are already being cut".

The Bank of Canada (BoC) released its interest decision on Wednesday. The BoC lowered its interest rate to 0.75% from 1.0%. That was the first interest rate reduction since April 2009.

The BoC's interest rate had been at 1.0% since September 2010.

The central bank said that it responded to falling oil prices which will be negative for growth and inflation. Crude oil prices dropped more than 55% since last June.

"The oil price shock increases both downside risks to the inflation profile and financial stability risks", the central bank noted.

The BoC also cut it growth forecasts. Canada's economy is expected to grow by 1.5% in the first half of 2015, down from its previous estimate of 2.4%. The growth for 2015 was lowered to 2.1% from 2.4%.

The central bank expects to reach full capacity to the end of 2016.

Inflation is expected to be below the BoC' target range of 1 to 3% for most of 2015.

The Bank of Canada released its Business Outlook Survey on Monday. The survey showed that business sentiment in Canada has remained positive, but falling oil prices have a negative impact on the outlook for companies tied to the energy sector. Sales are expected to grow at a slightly faster pace in 2015, the report said.

According to the report, "firms anticipating a positive impact from the U.S. economic recovery are more optimistic than others".

The Bank of Canada Governor Stephen Poloz said today in a speech in New York that it will take two years "before the Canadian economy returns to steady growth". But he added that it is impossible "without vigorous and innovative financial intermediation".

Poloz noted that "global regulatory reform was absolutely essential".

The Bank of Canada (BoC) released its Financial System Review (FSR) on Wednesday. The BoC Governor Stephen Poloz said that the economic recovery has been "frustratingly slow", but the nation's economy "is showing the first signs of a broadening recovery".

Poloz pointed out that the recent decline in oil and other commodity prices "raises important risks to this economic outlook".

The BoC governor noted that the current monetary policy is appropriate.

"The overall risk to financial stability in Canada is roughly the same as it was at the time of our June FSR", Poloz underlined.

The Bank of Canada (BoC) announced its interest rate decision today. The BoC kept its interest rate unchanged at 1.00%. This decision was expected by analysts.

Canada's central bank said that the nation's economy "is showing signs of a broadening recovery". "Stronger exports are beginning to be reflected in increased business investment and employment", the BoC said.

Lower oil and certain other commodity prices will weigh on the economy in Canada, the BoC pointed out.

The BoC noted that inflation "has risen by more than expected" but remains below 2%. The central bank added that falling oil prices are a downside risk to inflation.

Canada's central bank pointed out that the current monetary policy "is appropriate".

The BoC Governor Stephen Poloz is expected to comment on the decision at 22:30 (GMT0).

The Bank of Canada (BoC) Governor Stephen Poloz said before the House of Commons Standing Committee on Finance on Tuesday that "the current level of monetary stimulus remains appropriate".

He also that financial stability risks such as household imbalances remain a concern to Canadian economy. Poloz added that the economy in Canada "faces significant headwinds and continued monetary policy stimulus is needed to offset them in order to achieve our inflation objective".

The BoC governor pointed out that Canadian export sector is less robust than in previous cycles.

Poloz said that the "U.S. economy is gaining traction, particularly in sectors that are beneficial to Canada's exports".

The Bank of Canada cancelled its press conference with Governor Stephen Poloz after a Canadian soldier was shot at the War Memorial in Ottawa.

The Bank of Canada (BoC) released its interest rate today. The central bank kept its interest rate unchanged at 1.00%.

The BoC said in its statement that "the current stance of monetary policy is appropriate".

The central bank expects the real GDP growth will be about 2.5% over the next year and 2% by the end of 2016.

Canada's economy is expected to reach its full capacity in the second half of 2016, so the BoC.

The central bank noted that the risks are "roughly balanced", but it removed the word "neutral".

The Bank of Canada (BoC) released its autumn Business Outlook Survey today. The BoC's survey showed that companies expect a modest improvement in business activity, supported by the improving U.S. demand.

The survey also showed that inflation expectations increased.

Expectations of higher sales over the next 12 months rose and reached the highest level since the beginning of 2012, so BoC Business Outlook Survey.

The survey said that some companies expect to rise investment in machinery and equipment over the next 12 months.

More companies plan to add more jobs over the next year to meet additional demand, so the survey.

The Bank of Canada (BoC) released its interest rate decision today. The BoC kept its interest rate unchanged at 1.00%. This decision was widely expected by analysts.

Canada's central bank said the housing market is "stronger than anticipated". The BoC added that "the risks to the outlook for inflation remain roughly balanced".

The timing and direction of interest hike will depend on "how new information influences the outlook and assessment of risks", so Canada's central bank.