Bank of Canada holds key interest rate at 5%
The Bank of Canada has held its key interest rate at 5 per cent for the sixth consecutive time since July.
Bank in news
Biden Announces Raising More Than $90 Million In March With $192 Million In The Bank
WASHINGTON ― President Joe Biden’s reelection effort pulled in more than $90 million in March, his campaign announced Saturday, giving him nearly $200 million in the bank heading into April.
Jump in unemployment rate puts Bank of Canada in a ‘tricky spot’. Here’s why
The Canadian unemployment rate jumped up to 6.1 per cent in March amid rapid growth in the labour pool, Statistics Canada said Friday.
EPA head Regan defends $20B green bank: ‘I feel really good about this program’
PHILADELPHIA (AP) — The head of the Environmental Protection Agency on Friday defended a new $20 billion federal “green bank” program, saying it will finance a variety of projects to create low-carbon solutions to combat climate change, including in disadvantaged communities that are most affected by pollution.
When Trump needs cash, a California bank and one of its top shareholders have come to the rescue
WASHINGTON (AP) — Donald Trump left the White House facing a cash crunch and a tattered reputation after his attempts to overturn the 2020 election, threatening the viability of his business empire. Soon, though, a new source stepped forward to provide a financial lifeline when many longtime lenders refused.
Trump Venues Bank on Golf, With Help From Saudi Arabia
Amateur golfers will line up on Thursday at the Trump National Doral near Miami, having agreed to pay more than $9,000 apiece to play a friendly round alongside some of the world’s top professionals.
EPA awards $20 billion in green bank grants for clean energy projects nationwide
DETROIT (AP) — The Environmental Protection Agency on Thursday awarded $20 billion in federal “green bank” grants to eight community development banks and nonprofit organizations to use on projects combating climate change in disadvantaged communities and helping Americans save money and reduce their carbon footprints.
Canada's need to improve productivity has reached emergency level, says Bank of Canada official
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades.