Canada to Reform Local Libor-Style Rates, BOC’s Lane Says

The Bank of Canada is taking steps to shore up governance of the local equivalents of benchmark Libor rates, to ensure there are no manipulation scandals as seen in other countries, Deputy Governor Tim Lane said.

IMF sees limited room for Bank of Canada rate cut

OTTAWA (Reuters) - The International Monetary Fund (IMF) said Monday Canada's central bank is likely to hold its main interest rate steady until early 2015, and the bank has limited room to cut rates because of overvalued housing prices and record household debt.

Canada Inflation Advances 1.3% in July on Gasoline

Canadian consumer prices advanced 1.3 percent in July from a year earlier on gains in gasoline and shelter, remaining below the central bank’s target for a 15th month.

Bank of Canada sticks to rate-hike message

OTTAWA (Reuters) - The Bank of Canada doggedly stuck to the message on Wednesday that it may have to raise interest rates despite a global slowdown, predicting the domestic economy would gain momentum this year and next and inflation return to target within a year.