Stephen Poloz to step down as Bank of Canada governor at end of term

The Bank of Canada says Stephen Poloz will not seek a second term as governor when his seven-year term expires next year.

Before becoming head of Canada's central bank in 2013, Poloz was chief executive of Export Development Canada.

See Full Article



Advertisements

Latest Economic News

  • Canadian airlines feel the pressure of flight-shaming and the 'Greta effect'

    Economic CTV News
    MONTREAL -- Swedish may not be the lingua franca of the aviation world, but ask any airline executive about the term "flygskam" and they'll likely know exactly what it means. Flygskam -- Swedish for "flight shame" -- is a growing environmental movement that highlights the flight sector's carbon footprint, putting pressure on Canadian carriers to reduce greenhouse gas emissions while managing the cost of passenger guilt. Source
  • Davos chief welcomes views of Trump, Greta Thunberg at forum

    Economic CTV News
    GENEVA, SWITZERLAND -- The head of the World Economic Forum says it's "reassuring" that U.S. President Donald Trump and climate activist Greta Thunberg will both return to its annual meeting in Davos this year, noting that concerns about the environment will be a key topic. Source
  • Cyprus blasts 'pirate state' Turkey's new gas drilling bid

    Economic CTV News
    NICOSIA, CYPRUS -- Cyprus on Sunday denounced Turkey as a "pirate state" that flouts international law as Turkey's bid to drill for natural gas in waters where Cyprus has economic rights rekindled tensions over energy reserves in the eastern Mediterranean. Source
  • Inside the anti-vaccination movement: CBC's Marketplace consumer cheat sheet

    Economic CBC News
    Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. We go deep inside the anti-vaccination movement Marketplace producers travelled to Washington, D.C. Source
  • Worse than 2008? B.C. forest industry facing unprecedented struggle

    Economic CTV News
    VICTORIA -- The crisis facing British Columbia's forest industry is intensifying as markets decline, mills shut and a strike involving 3,000 forestry workers enters its seventh month. The multiple threats are deeper than the global meltdown of 2008 and may rival the damage wrought by B.C. Source
  • Inuit designers launch new line of parkas for Canada Goose

    Economic CBC News
    Canada Goose has launched a new collection of Inuit-made parkas. The collection called Atigi 2.0 has 90 parkas made by 18 seamstresses who all live in Inuit Nunangat — Inuit regions of N.W.T., Nunavut, Quebec to Newfoundland and Labrador. Source
  • Boeing's safety vs. cost-control culture may be what sent a fatal aircraft into the skies

    Economic CBC News
    Internal messages and emails from Boeing paint a picture of a profit-focused management culture at the world's largest aircraft manufacturer, where pressure for short-term shareholder returns seems to have overwhelmed safety concerns. The revelations are just the latest in a parade of evidence pointing to the decade-long civil-war inside Boeing, pitting its famed "safety culture" against financial performance of the kind that pushes the stock price higher and provides big bonuses for senior…
  • As final Zellers stores close, former employees swap memories, memorabilia

    Economic CBC News
    Zellers is pulling the plug on its final two stores in Ontario this month, but Richard Hall doesn't want it to die. He's rounded up a museum-worthy haul of Zellers memorabilia in his dining room, spilling into his kitchen. Source
  • Global trade tensions, BlackRock commits to climate | Business Panel

    Economic CBC News
    Contact CBCSubmit FeedbackHelp Centre Audience Relations, CBC P.O. Box 500 Station A Toronto, ON Canada, M5W 1E6 Toll-free (Canada only): 1-866-306-4636 TTY/Teletype writer: 1-866-220-6045 Source
  • 3 misconceptions about retirement in Canada

    Economic CBC News
    A new report found that the reality of retirement in Canada isn't quite what people expect it to be. The online poll of 1,800 people conducted by Ipsos on behalf of RBC revealed notable misconceptions surrounding retirement. They include the timing of that last day on the job and how Canadians actually spend their days after clocking out. Source