Bank of Canada's Stephen Poloz named 'Business Newsmaker of the Year'

OTTAWA -- Bank of Canada governor Stephen Poloz is The Canadian Press Business Newsmaker of the Year.

Poloz was the top choice of senior business journalists as he helped guide the economy through a turbulent year.

See Full Article

It started in January when he surprised financial markets by cutting the central bank's trend-setting rate in the face of plummeting world oil prices.

He defended the stunner as a shield to blunt the "unambiguously negative" effects of the price slide on the oil-exporting country.

In selecting Poloz, Daniel Tencer from the Huffington Post Canada said the central bank governor's decisions this year will have more impact on a larger number of Canadians than those of any other business leaders.



Advertisements

Latest Economic News

  • Marijuana sector firms get marketing pushback as legalization looms

    Economic CTV News
    TORONTO -- Some Canadian marijuana sector companies are getting pushback against their marketing efforts from social media platforms and government officials as legalization of recreational pot looms and regulations are not yet final. Lift & Co, which hosts industry events and offers cannabis education, has had its YouTube account suspended and Facebook ad account deactivated, with both companies citing a policy violation. Source
  • Southwest offers apology, travel voucher and cash to passengers on damaged jet

    Economic CTV News
    PHILADELPHIA -- Southwest is sending a letter of apology, a $5,000 check and a $1,000 travel voucher to passengers who were on a flight that made an emergency landing in Philadelphia following an engine explosion. Source
  • Metis, Manitoba agree to 2-week 'reset' before heading to court in hydro spat

    Economic CTV News
    WINNIPEG - The Manitoba Metis Federation and the province have agreed to a two-week "reset" to avoid meeting in court over planned hydro projects. Metis federation president David Chartrand and Crown Services Minister Cliff Cullen had a private meeting to discuss a deal between the federation and Manitoba Hydro. Source
  • NAFTA talks continue through weekend as negotiators scramble for a deal

    Economic CBC News
    WASHINGTON — NAFTA negotiating teams will keep bargaining through the weekend in an effort to get a deal by early May. The political ministers leading the process are currently leaving Washington, but will be back next week. Source
  • Tim Hortons raises more than $800K for Humboldt with yellow and green doughnut

    Economic CTV News
    TORONTO -- Tim Hortons says the sale of a doughnut bearing the colours of the Humboldt Broncos has helped raise more than $800,000 for the junior hockey team that was involved in a horrific collision earlier this month. Source
  • Great-West Lifeco Inc. acquires strategic investment in Irish company

    Economic CTV News
    WINNIPEG -- Great-West Lifeco Inc. has signed a deal to acquire a strategic investment in Invesco Ltd. (Ireland), an employee benefit consulting and private wealth management firm. Financial terms of the deal done by Great-West's subsidiary Irish Life Group Ltd. Source
  • Are cures bad for the drug business?

    Economic CBC News
    This is an excerpt from Second Opinion, a weekly roundup of eclectic and under-the-radar health and medical science news emailed to subscribers every Saturday morning. If you haven't subscribed yet, you can do that by clicking here. "Is curing patients a sustainable business model?" Source
  • Could stand-up seats be the future of ultra-low cost air travel?

    Economic CTV News
    Would you fly standing up? One aircraft seat manufacturer thinks that if the price is right, travellers will be willing to put up with the inconvenience of flying in an upright position. The idea has been floating around for years now: As far back as 2010, Italy-based Aviointeriors has been talking about bringing saddle-style seats to commercial flying. Source
  • Fairfax bids US$300 million for Toys R Us' Canadian business

    Economic CTV News
    NEW YORK -- Canada's Fairfax Financial Holding has placed a bid of US$300 million to buy Toys R Us's Canadian operations in bankruptcy. According to court papers filed late Thursday, the bidder is taking on a role of a "stalking horse" in a court-approved auction set for Monday in New York. Source
  • Fairfax bids $300M for Toys R Us' Canadian business

    Economic CTV News
    NEW YORK -- Canada's Fairfax Financial Holding has placed a bid of $300 million to buy Toys R Us's Canadian operations in bankruptcy. According to court papers filed late Thursday, the bidder is taking on a role of a "stalking horse" in a court-approved auction set for Monday in New York. Source