'He's in our hearts': Family and friends still seek answers one year after Nathan Wise’s disappearance
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
A senior Bank of Canada official says the central bank is keeping a close eye on the stresses to the global banking system ahead of its next interest rate decision and monetary policy report in April.
In a speech to the National Bank financial services conference, Bank of Canada deputy governor Toni Gravelle said Wednesday the bank is watching for any further effects from the recent banking problems in the U.S. and Europe.
"We will consider the macroeconomic impact of this evolving situation as we put together our next projection," Gravelle said.
"We'll be looking specifically at potential spillovers into the real economy to the extent that financial conditions tighten and there are broader confidence effects."
U.S. regulators had to take control of Silicon Valley Bank as well as Signature Bank earlier this month to prevent wider financial problems amid a run on deposits, while Swiss authorities helped UBS to acquire Credit Suisse after its rival ran into difficulties.
Gravelle said global banks are more resilient today than they were 15 years ago, at the outset of the global financial crisis.
"With the reforms put in place since then, global banks are required to have substantially increased their capital and liquidity buffers, making the system safer and better able to withstand stress," he said.
Gravelle said while the Canadian banking system has an international reputation for stability, it is not immune to events happening elsewhere and that financial stresses that arise outside of Canada can negatively affect things here.
He said the Bank of Canada is ready to act in the event of severe market-wide stress and provide liquidity support to the financial system.
The Bank of Canada's next interest rate decision and monetary policy report is set for April 12.
The central bank kept its key policy rate on hold at 4.50 per cent at its interest rate decision on March 8. It was the first time the Bank of Canada did not raise rates since it began hiking them last year in an effort to bring inflation under control.
This report by The Canadian Press was first published March 29, 2023.
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
The fire burning near Fort McMurray grew from 25 hectares to 5,500 hectares over the weekend.
Russia’s President Vladimir Putin began a Cabinet shakeup on Sunday, proposing the replacement of Sergei Shoigu as defence minister as he begins his fifth term in office.
Police are searching for a male suspect after a man was “slashed in neck” on Sunday morning in downtown Toronto and died.
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
Health Canada announced various product recalls this week, including electric adapters, armchairs, cannabis edibles and vehicle components.
English, history, entertainment, math and geography: high school trivia teams could be quizzed on any of it when they compete at the Reach for the Top Nationals in Ottawa in June.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.