Economy

Stephen Poloz to step down: How Canada’s top banker went from folksy obscurity to steady hand

OTTAWA — Outgoing governor Stephen Poloz once joked that, after being chosen to succeed Mark Carney as head of the Bank of Canada in 2013, he was received much like the guy who replaced Wayne Gretzky. That is to say: nobody actually remembers the guy who replaced The Great One. Poloz was plucked from relative …

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Bank of Canada’s Stephen Poloz: Six candidates to be the next governor

Now that Stephen Poloz has announced he will step down as Bank of Canada Governor after his seven-year term ends in June 2020, attention turns to the possible candidates who might replace him. Here are six possibilities. The Favourite Carolyn Wilkins, senior deputy governor, Bank of Canada Carolyn Wilkins, senior deputy governor, Bank of Canada …

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1 in 5 Left-Leaning Bosses ‘Will Not Hire’ Trump Supporters

A survey finds one in five left-leaning bosses “will not hire” job candidates who are supporters of President Donald Trump. In addition, significant majorities of bosses want to know prospective employees’ views on racial equality, gender equality, LGBTQ rights, and immigration. Results of the survey, conducted by Airtasker, were obtained by Paul Bedard at the …

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Moody’s downgrades Alberta’s credit rating over weak economy reliant on oil

EDMONTON — The Alberta government’s credit rating has been downgraded by an agency that cited the province’s reliance on oil revenue and what it calls its high environmental risk. Moody’s Investors Service has adjusted the province’s rating to Aa2 stable from Aa1 negative. The rating service cites weakness in the provincial economy that remains concentrated …

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USMCA: Ratification is getting there but ‘difficult issues’ remain

The push to ratify a new North American trade pact is “getting there” Mexico’s top negotiator says, though some “difficult issues” remain as U.S. Democrats continue to insist on stronger labour enforcement. Jesús Seade, Mexican Undersecretary for North America, met with Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland in Ottawa Friday, as …

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There’s a problem when analogue policy makers set the rules for a digital world

Last week’s fan email included condemnation for a “piece that seems more like propaganda from a boomer.” I was born in 1974. But I concede, growing up in the no-man’s land between the prosperity-is-us boomers and the digitally native millennials means some of us Gen-Xers aren’t always with it. Recently, Rémi Racine, one of the …

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All joking aside, Trudeau isn’t doing much to convince the business community he’s serious

Poor Mona Fortier. She was so close to a title that would look great on any resume: associate minister of finance. But whoever runs Team Trudeau decided that moniker wasn’t descriptive enough. So Fortier, a member of Parliament from Ottawa, will spend the next phase of her career being introduced as the Minister of Middle …

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