Tag: Finance

Opening Statement before the House of Commons Standing Committee on Finance

Good morning, Mr. Chairman and committee members. Once again, Senior Deputy Governor Wilkins and I are pleased to be with you to talk about the Bank’s Monetary Policy Report (MPR), which we published last week. Six months ago, when we last appeared before this committee, we talked about some very positive developments. The Canadian economy…

Former finance minister Michael Wilson dead at 81

Michael Wilson, a highly respected former politician, businessman and passionate mental health advocate, has died at the age of 81. The University of Toronto, where Wilson served as chancellor from 2012 to 2018, confirmed his death in a post on its website Sunday evening, saying the school’s flag will fly at half-mast until Wilson’s funeral.…

What the Finance is a Debt Repayment Plan

Is your debt stressing you out? If so, we promise you’re not alone. Especially if you are financing a home. According to the Center for Microeconomic Data, mortgage balances—the largest component of household debt—rose by $ 60 billion during the second quarter of 2018. If you’re committed to getting out of debt, we’ve got you…

Canadian finance ministers gather to discuss Trump’s tarrifs

OTTAWA—Finance ministers from across the country weighed the consequences Tuesday of Canada’s intensifying trade dispute with the United States as the federal government worked to finalize details of its retaliation against Donald Trump’s tariffs. The twice-yearly gathering of finance chiefs took place in Ottawa just days before Canada is set to impose retaliatory tariffs on…