Bank of Canada Governor Mark Carney is likely to say the country’s economic recovery will be hampered by global weakness as he extends today the central bank’s longest interest-rate pause since the 1950s.
Bank of Canada Governor Mark Carney will probably leave his main interest rate unchanged today and signal he is prepared to extend a yearlong freeze amid signs of global weakness and financial-market volatility.
The Bank of Canada may keep interest rates unchanged tomorrow and signal no move until at least March because of sluggish economic growth, even amid signs consumer prices are advancing faster than policy makers predicted.
A federal judge set 9.56 cents per chip as the value of contested patents used in wireless computer network technology in a case by patent-holder Innovatio IP Ventures LLC against electronic device makers Cisco Systems Inc., Netgear Inc. and Motorola Solutions Inc.
Bank of Canada directors will give Finance Minister Jim Flaherty a short list of candidates this week as the search to replace Governor Mark Carney enters its final stages, said two people familiar with the plans.