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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

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

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

From analysis to the latest developments in health,
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Gold and Silver Are on Fire—These Canadian Miners Ride the Wave

Canadian mining stocks could have a unique tailwind behind them entering 2026. Read on to learn how to take advantage of this trend with reliable companies.

MarketBeat

US and Canada Slash Interest Rates as Economic Pressures Mount — But Will It Be Enough to Avert a Slowdown?

The US Federal Reserve and the Bank of Canada have both cut their benchmark interest rates by 0.25% to stimulate economic activity amid ongoing challenges.

International Business Times UK

Stocks close higher with all eyes on the US Federal Reserve

The Bank of Canada cut its key interest rate and the United States’s Federal Reserve is expected to do the same.

The Independent UK

Canada Central Bank Cuts Key Lending Rate Citing Trump Tariffs

Canada's central bank cut its key lending rate on Wednesday, offering a boost to borrowers in an economy squeezed by US President Donald Trump's trade war.

International Business Times

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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

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

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

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

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

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

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

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International Business Times

Canada Central Bank Holds Interest Rate Steady Amid Tariffs Chaos

The Bank of Canada on Wednesday held its key lending rate at 2.75 percent, pausing a stream of recent cuts due to shifting US trade policy and tariffs.

International Business Times

Mark Carney: Canada's New PM Charted Unusual Path To Power

He was born near the Arctic, led the central banks of two major economies and has become Canada's prime minister despite never having served in parliament.

International Business Times UK

Quick Facts About Mark Carney: Net Worth, Wife, Children And How Justin Trudeau's Successor Plans To Challenge Trump

Mark Carney, former Governor of the Bank of Canada and Bank of England, is now eyeing leadership of the Liberal Party of Canada.

International Business Times

Mark Carney Wins Vote To Replace Trudeau As Canada PM

Canada's Liberal Party overwhelmingly elected Mark Carney as the country's next prime minister Sunday, as the former central banker warned of "dark days" brought on by the United States under President Donald Trump.

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The Independent UK

Who is the man who will become the next prime minister of Canada?

Former central banker Mark Carney will become Canada’s next prime minister after he won Liberal Party leadership vote in a landslide

International Business Times

Canada Liberal Party To Choose New Leader To Replace Trudeau As PM

Canada's Liberal Party names its next leader Sunday, with a former central banker and political novice favored to replace Prime Minister Justin Trudeau as the country confronts threats from US President Donald Trump.

The Conversation

What the looming federal election could mean for the Bank of Canada’s independence

The independence of central banks from the democratic process has been a bedrock of economic policy for decades. The Bank of Canada is no exception, maintaining distance from elected officials to ensure monetary policy is free from political pressures.

The Conversation

Mark Carney might have the edge as potential Liberal leader, but still faces major obstacles

In the weeks following Prime Minister Justin Trudeau’s resignation announcement, the race to name his successor seems to have become a two-person contest between former Deputy Prime Minister Chrystia Freeland and Mark Carney, the former governor of the Bank of Canada and the Bank of England.

Al Jazeera

Mark Carney, ex-Bank of Canada governor, launches bid to replace Trudeau

Carney slams Conservative leader Pierre Poilievre at his leadership campaign launch and vows to build Canada’s economy.

The Independent UK

Mark Carney: Failed to stop Brexit but hopes to save Canada from populism

The former Governor of the Bank of England is a frontrunner to replace Justin Trudeau as Canadian prime minister

Fortune

Canadian dollar slumps as Trudeau's government teeters on collapse

The Loonie traded at its weakest intraday level since the start of the pandemic a day after Canada's finance minister resigned.

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