Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Bank of Canada Raises Overnight Rate to 1.75%; Cites New Trade Policy and Growing Economy + MORE Oct 25th
Bank of Canada Governor Stephen Poloz at a press conference following an interest rate announcement in April.
After months of speculation, indeed, the Bank of Canada decided to raise its benchmark interest rate by 25 basis points this morning. This quarter-point hike brings the target for the ov.... More »
Canadians’ Spending Habits and Payment Preferences are Changing Jun 17th
According to a recent study by Payments Canada, the COVID-19 pandemic is changing Canadians’ spending habits. The study found that 62% of Canadians are using less cash, and 42% avoid shopping at places that don’t accept contactless payments altogether.
Moreover, 53% of consumers reported using .... More »
Will The Bank of Canada Cut Rates Again in March? + MORE Feb 21st
When OPEC’s supply standoff initiated oil’s price slide last November, few foresaw just how quickly the commodity’s value would plunge. Equally surprising was how rapidly Canada’s economic policy makers reacted with a January rate cut that caught many - including the big banks – off.... More »
Prepaid Credit Cards vs. Prepaid Gift Cards Apr 23rd
If you’ve ever had to shop for “that” person in your life — the one who already has everything — you know that gift cards can be a lifesaver. They’ve been around for almost 26 years, growing into an essential part of any retail business.
More recently, prepaid gift cards branded with pa.... More »
Why Banks Are Targeting New Canadians + MORE Aug 27th
By: Pracheer Saran
Eliana Lopez is planning to immigrate from Cali, Columbia to Toronto this October. As a newcomer she’ll already have a lot on her plate, from starting life in a new country, to job hunting, to finding her own place. However, one task that might come easier may be building a.... More »
Biographical information on Vice Chair Janet Yellen, a candidate for Fed chairmanship
– canadianbusiness.com
AGE: 67
OCCUPATON: Vice chair of the Federal Reserve.
PREVIOUSLY SERVED: As president and chief executive officer of the San Francisco Federal Reserve Bank, one of the Fed’s 12 district banks. Before that, chairwoman of the Council of Economic Advisers under President Bill Clinton and chairwoman of the economic policy committee of the Organization for Economic Cooperation and Development.
ACADEMIC BACKGROUND: Served as professor of business and economics at the University of California, Berkeley, 1980 to 1994. Also served on the faculty of the London School of Economics and Harvard University.
EDUCATION: Bachelor’s degree in economics from Brown University, Ph.D. in economics from Yale University.
PERSONAL: Married to George Akerlof, a Nobel prize-winning economist and a professor at Berkeley. One son, Robert Akerlof.
The post Biographical information on Vice Chair Janet Yellen, a candidate for Fed chairmanship appeared first on Canadian Business.
OCCUPATON: Vice chair of the Federal Reserve.
PREVIOUSLY SERVED: As president and chief executive officer of the San Francisco Federal Reserve Bank, one of the Fed’s 12 district banks. Before that, chairwoman of the Council of Economic Advisers under President Bill Clinton and chairwoman of the economic policy committee of the Organization for Economic Cooperation and Development.
ACADEMIC BACKGROUND: Served as professor of business and economics at the University of California, Berkeley, 1980 to 1994. Also served on the faculty of the London School of Economics and Harvard University.
EDUCATION: Bachelor’s degree in economics from Brown University, Ph.D. in economics from Yale University.
PERSONAL: Married to George Akerlof, a Nobel prize-winning economist and a professor at Berkeley. One son, Robert Akerlof.
The post Biographical information on Vice Chair Janet Yellen, a candidate for Fed chairmanship appeared first on Canadian Business.
