The Bank of Canada (BoC) stunned markets Wednesday when it announced a reduction of interest rates by 0.25 percent to a near record low of 0.75 percent, a move that will lower borrowing costs. BoC Governor Stephen Poloz cited the possibility of weak economic growth and the threat of … [Read more...]
Bank of Canada unconcerned about growing popularity of bitcoin
The Bank of Canada is not concerned about the growing popularity of bitcoin. Delivering testimony to the Senate banking committee Thursday, the nation’s top banking officials explained that it was still too early to tell if the cryptocurrency industry will go mainstream. It if … [Read more...]
