The Canadian government has finally broken its silence about the Bitcoin, rejecting the digital currency as legal tender in the country, The Wall Street Journal blog Canada Real Time reported.
Tags: Bank of Canada
Bank of Canada Warns of Stability Risks Amidst Record High Interest Rates, Asset Valuation Concerns
Bank of Canada warns of financial instability amid record-high interest rates, citing concerns over stretched asset valuations and mortgage payment hikes, urging vigilance.
Canada quietly parts ways with its gold; sells more than half of the reserves
Over the recent weeks, Canada has been seen quietly disposing of its gold reserves, so much that the reserves now stand at 0.62 tons. The decision to sell the yellow metal is said to be issued straight from the Finance Minister, Bill Morneau's office.
Canada soon to commemorate its women: Finance Minister supports petition to print faces of legendary women on banknotes
Canadian Finance Minister has clearly stated that he strongly supports the central bank's recommendation of featuring Canada's iconic woman or women on paper currency. The petition for recognition of women, led by by hhistorian Merna Foster since 2013, seems to be slowly moving towards a positive decision.
G7 finance ministers to address faltering global growth
Finance ministers from the world's largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.
Latest News
Under new Bank of Canada Governor Stephen Poloz, the bank retained its benchmark interest rate level for the 24th consecutive month.
Bank of Canada Governor Stephen Poloz expressed disappointment as to the country's economic performance despite signs of regained momentum.
Bank of Canada will keep its targets of keeping rates low. The Bank Canada will stick to its targets in terms of keeping rates low despite talks of economic weakness during the G20 meetings in Moscow, Governor Stephen Poloz told reporters on Saturday.
Canada's banks are striving to make Toronto a yuan currency trading hub, which would a first in North America.
Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.
1
