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Federal Financial Review Clears Métis National Council of Baseless Allegations

April 24, 2020 Métis National Council (MNC) Vice-President and National Spokesperson David Chartrand is pleased to announce the release of a financial review of its expenditures from April 1, 2015 to March 31, 2018 that was conducted by Ernst & Young (EY) for Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC). The review was prompted by […]

by ahnationtalk on April 24, 2020179 Views

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Bank of Canada maintains overnight rate target and unveils new market operations

The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s financial system. The necessary efforts to […]

by ahnationtalk on April 15, 2020168 Views

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ITK: COVID-19 Supports Available to Urban Inuit Organizations

April 8, 2020 During this unprecedented time, ITK would like to recognize organizations working to support Inuit living outside Inuit Nunangat for their continued efforts to ensure the safety, security and well-being of Inuit. ITK is committed to ensuring that COVID-19 response measures include all Inuit in Canada, including those living outside of the four […]

by ahnationtalk on April 8, 2020133 Views

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Government Announces Details of the Canada Emergency Wage Subsidy to Help Businesses Keep Canadians in their jobs

From: Department of Finance Canada April 1, 2020 – Ottawa, Ontario – Department of Finance Canada The Government of Canada is taking immediate, significant and decisive action to support Canadians and businesses facing hardship as a result of the global COVID-19 outbreak. To help Canadians and businesses get through these tough economic times, the Prime […]

by ahnationtalk on April 1, 2020192 Views

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Bank of Canada announces successful launch of standing term liquidity facility

The Bank of Canada announced today that it successfully launched its new Standing Term Liquidity Facility (STLF). “Given the current challenges in funding markets, the Bank of Canada encourages Canadian financial institutions to use the STLF to support the liquidity needs of their clients,” said Governor Stephen S. Poloz. The STLF is one of several […]

by ahnationtalk on March 30, 2020135 Views

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Prime Minister announces support for vulnerable Canadians affected by COVID‑19

March 29, 2020 During the global COVID-19 outbreak, the Government of Canada is working hard to help Canadians, including our youth and seniors. Over the last week alone, we have announced major new supports for families, for workers, and for businesses. But even with this extra help, people are facing a tough situation. And, for […]

by ahnationtalk on March 30, 2020130 Views

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Bank of Canada lowers overnight rate target to ¼ percent

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian […]

by ahnationtalk on March 27, 2020243 Views

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Summary of Deliberations of Governing Council, March 13, 2020

March 17, 2020 It is customary for the Bank to provide a summary of the deliberations of Governing Council after each interest rate decision. This takes the form of an opening statement at the meetings when we publish an MPR, or a public speech the day after meetings for which there is no MPR. Governing […]

by ahnationtalk on March 17, 2020123 Views

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Coordinated Central Bank Action to Enhance the Provision of Global U.S. Dollar Liquidity

From: Department of Finance Canada March 13, 2020 – Ottawa, Ontario – Department of Finance Canada The health and welfare of all Canadians is a priority for the Government of Canada. The Prime Minister, Justin Trudeau, has outlined Canada’s whole-of-government response to COVID-19 across the country, including new investments to respond in Canada and around […]

by ahnationtalk on March 16, 2020131 Views

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Advisory Council for the next $5 bank note

Meet the Advisory Council who will develop the short list of iconic Canadians. On March 9, 2020, the Bank of Canada announced the members of the independent Advisory Council who will develop a short list of iconic Canadians who could be featured on the next $5 bank note. They have committed to a comprehensive evaluation […]

by ahnationtalk on March 9, 2020193 Views

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