The Latest Breaking News from the Bank of Canada

86-year-old Canadian woman loses $900,000 in AI crypto scam she found on Facebook; friend says she nearly took her own life

An elderly woman from Ontario, aged 86, unfortunately fell victim to a cryptocurrency scam that cost her over $900,000. Deceived by a deepfake video featuring Mark Carney, she believed in a fraudulent investment platform that claimed to have the Bank of Canada’s endorsement. In a desperate move, she invested her…

The Times of India · Jun 26

AI is not replacing workers on a large scale so far, says Bank of Canada

The Bank of Canada reports no widespread job losses due to artificial intelligence. AI is seen as a tool to transform tasks, not eliminate them. While some jobs will be replaced, new ones will emerge. Early signs show small productivity gains. This technology could boost efficiency, leading to higher wages…

The Economic Times · May 13

Middle East conflict is pushing oil prices higher — and most Canadians will feel the costs

Since American and Israeli missiles began striking Iran, global oil prices have jumped sharply. The conflict has resulted in the disruption of tanker traffic through the Strait of Hormuz, which carries about one-fifth of the world’s oil shipments.

The Conversation · Mar 10

Canada Central Bank Holds Rate Steady Citing US Tariff 'Threats'

Canada's central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump's latest tariff deadline.

International Business Times · Jul 30, 2025

Mark Carney has been dubbed the 'Trump whisperer': His ability to shift the dynamic from confrontational to collaborative is a lesson for all leaders

“It's not impossible to set the stage for the quality of the conversation that you want.”

Fortune · Jul 16, 2025

Canadians snapped up U.S. debt despite Trump’s tariffs

Canadian investors purchased $9.2 billion of U.S. government bonds in April, but the value of their total Treasury holdings fell by $58 billion.

Fortune · Jun 21, 2025

Canada Growth Up But Trump Tariffs Starting To Hurt

Canada's latest growth figures, released Friday, were better than expected, but also highlighted weaknesses in the economy as the effects of a trade war launched by US President Donald Trump began to take hold.

International Business Times · May 30, 2025

Who is Mark Carney? Canada's new prime minister and former Bank of England governor

Mark Carney has been elected as Canada's new prime minister following a significant victory for the Liberal Party, overcoming Pierre Poilievre's Conservatives

Evening Standard · Apr 29, 2025

Canada election results live: Trump says ‘nice gentleman’ Carney to visit White House next week amid tariff row

Carney says Trump won’t succeed with his ambitions to expand US territory

The Independent UK · Apr 28, 2025

As Trump looms over Canadian elections, affordability a key factor

As Canada goes to polls on Monday, Trump threats are key as are cost of living issues.

Al Jazeera · Apr 25, 2025