Royal Bank of Canada boosted CEO Dave McKay's 2024 salary by 61% to C$24.5 million ($17.14 million), including a C$4 million bonus related to the HSBC Canada acquisition, ...

Bank of Canada Governor Tiff Macklem takes part in a news conference after announcing an interest rate decision in Ottawa, Ontario, Canada March 6, 2024. REUTERS/Blair Gable Blair Gable/Reuters Share ...

Bank of Canada Gov. Tiff Macklem warned that rate policy ‘cannot offset the impacts of a trade war. What it can and must do is ensure that higher prices do not lead to ongoing inflation.’ ...

The association has over 100 members, including the Bank of Canada. In addition, the BOC is about to step up the supervision of retail payments under the Retail Payment Activities Act of 2021.

The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and said it was concerned that U.S. tariffs could stoke persistently high inflation.

Starting in March of last year, the Bank of Canada raised rates eight times, lifting borrowing costs by 4.25 percentage points to wrestle down historically high inflation.

As U.S. President Donald Trump applies 50 per cent tariffs to all steel and aluminum imports, the Bank of Canada says it will hold its benchmark interest rate at 2.75 per cent.

The Bank of Canada will get a look at two inflation reports before its next interest rate decision on July 30. Article content. If inflation shows signs of remaining well contained in those releases, ...

Switching banks in Canada is easy if you have a solid plan that accounts for every dollar during the transition. Here’s how to switch to a new bank in six easy steps.