May 1, 2018 Bank of Canada policy helps manage risks from debt, Governor Poloz says Media Relations Yellowknife, Northwest Territories Elevated household debts make the Canadian economy more vulnerable to events that could affect growth and financial stability, and the Bank of Canada’s cautious approach to monetary policy is helping manage the risks, Governor Stephen S. Poloz said today. In a speech to the Yellowknife Chamber of Commerce, Governor Poloz said that high household debt […] Content Type(s): Press, Press releases
May 1, 2018 Canada’s Economy and Household Debt: How Big Is the Problem? Remarks Stephen S. Poloz Yellowknife Chamber of Commerce Yellowknife, Northwest Territories Governor Poloz talks about household debt and how it will affect Canada’s economy and monetary policy for years. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credit and credit aggregates, Financial services, Financial stability, Interest rates, Monetary policy, Recent economic and financial developments
April 1, 2009 Sound Policy Measures will Rebuild Confidence, Guide Economies Through Challenging Times, says Governor Carney Media Relations Yellowknife, Northwest Territories Although the global and Canadian economies are in recessions triggered by the most severe financial meltdown since the 1930s, Canadians can have confidence that unprecedented policy measures will restore growth, Bank of Canada Governor Mark Carney said today. Content Type(s): Press, Press releases
April 1, 2009 Rebuilding Confidence in the Global Economy Remarks Mark Carney Northwest Territories Chamber of Commerce and Yellowknife Chamber of Commerce Yellowknife, Northwest Territories These are very challenging times. The Canadian economy is in recession. The global economy is facing a crisis of confidence, triggered by the most severe financial meltdown since the Great Depression; fanned by sharp falls in trade, manufacturing output, and financial wealth; and intensified by steep increases in unemployment. Content Type(s): Press, Speeches and appearances, Remarks