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  • Bank of Canada governor says limit to how much interest rates can diverge in Canada and U.S.

    OTTAWA - Canadian interest rates don't have to match U.S. or global rates, Bank of Canada governor Tiff Macklem says, but they need to stay within a certain ballpark. Macklem made the comments while testifying before the House of Commons finance committee alongside senior deputy governor Carolyn Rogers on Thursday. “Our interest rates in Canada don't need to be the same as the U.S. rate or global rates. But there is a limit to how far they can diverge,” Macklem said. “We're not close to...

  • Macklem says he doesn't think federal budget will have much of an impact on inflation

    OTTAWA - Bank of Canada governor Tiff Macklem said he doesn't think the federal budget tabled last month will have much of an effect on inflation. Macklem was testifying at a Senate committee alongside senior deputy governor Carolyn Rogers on Wednesday following the central bank's latest interest rate announcement. The governor said the spending plan hasn't changed the federal government's fiscal track by much, since it's offset by higher revenues. “Since the government's net fiscal plan...

  • IPL 2024, SRH vs RR: 'As Safe As Reserve Bank Of India' Says Gavaskar As Parag Drops Head 1st Ball Off Boult

    Rajasthan Royals almost got off to a perfect start against Sunrisers Hyderabad at the Rajiv Gandhi International Stadium, Hyderabad as Travis Head played an uppish square drive straight to Riyan Parag at backward point off Trent Boult in the first ball of the match but the Rajasthan Royals' fielder could not hold on to it, and to add to their misery - it went for a boundary. Former India captain Sunil Gavaskar was surprised to see Parag drop a sitter and called it 'rare footage' on-air on Star...