BANK OF CANADA’S WILKINS: ALBERTA BETTER AS OIL PRICES RECOVER
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s number two monetary policy leader on Thursday highlighted some positive economic news for Alberta, a province that has weathered a big share of the country`s energy woes. “In terms of oil, prices have recovered from last autumn’s decline, production has started to increase, and profitability has started to […]
STILL FACING CANADA FINANCIAL ‘VULNERABILITIES’
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s financial system continues to face “vulnerabilities” related to household debt and “imbalances” in the country’s residential markets, even as regulators continue to tighten guidelines in mortgage lending. “New measures have curbed borrowing, reduced speculative behaviour in housing markets and made the financial system more resilient,” the Bank of Canada […]