That might force the Bank of Canada to hike rates sooner rather than later, as Bank of Canada Governor Mark Carney has warned recently.
In a move that surprised government and financial circles last week, Canada's biggest bank, Royal Bank of Canada, agreed to merge with third-ranking Bank of Montreal.
Beyond JPMorgan Chase and Bank of America, PXP will be getting financing from BMO Capital Markets, Barclays, Citigroup, Royal Bank of Canada, and the Bank of Nova Scotia.
FORBES: Plains Levers Up To Buy BP Gulf Assets: Borrows More Than Its Market Capitalization
He has even more reason to be pleased since a task-force on the future of financial services in Canada has concluded that the proposed merger between his bank and Royal Bank of Canada should be considered on its own merits and not disallowed outright.
But running a central bank like the Bank of England will be quite a step up from the Bank of Canada, for a number of reasons.
Canada's banking system, essentially made up of the Royal Bank of Canada and four other big banks, remained strong during the global credit crisis.
As well as being the head of the Bank of Canada, he serves as chairman of the Basel-based Financial Stability Board (FSB) and as a member of the board of directors of the Bank for International Settlements (BIS).
In addition, the Bank of Japan and the Bank of Canada have also used their ability to pay interest on reserves to maintain a floor under short-term market rates.
The unexpected collective move by the U.S. Federal Reserve, the European Central Bank, the Bank of Japan, the Bank of Canada and the Swiss National Bank were bullish for risk assets as the U.S. and European stock markets, and most commodity markets, rallied on the news.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Trades Near Steady as Recent Gains Consolidated
Arris said the cash portion of the deal will be funded through debt financing commitments from Bank of America Merrill Lynch and Royal Bank of Canada.
FORBES: Google To Sell Motorola Set-Top Box Unit To Arris For $2.35B
The cash portion of the consideration to be received by Google at closing will be funded through debt financing commitments from Bank of America Merrill Lynch and Royal Bank of Canada.
ENGADGET: Google sells Motorola Home cable and internet box business to Arris for $2.35 billion
Unlike other major central banks, including the Bank of England and the US Federal Reserve, the Bank of Canada's six-member governing council makes its decisions by consensus rather than votes and present verdicts as a common decision, thereby avoiding being labelled hard or soft on policy.
The Bank of Canada and the Bank of England have also lended their support.
The Bank of Canada has raised its overnight rate five times in little over a year.
In addition, the Bank of Canada has cut interest rates by 3.5 percentage points this year.
In Friday trading, Royal Bank of Canada shares are currently up about 0.3% on the day.
In Friday trading, Royal Bank of Canada shares are currently off about 0.5% on the day.
ECB, the Bank of Canada and the Bank of England might have otherwise provided.
Bank of Canada officials say the image is a "stylised" leaf, created with the help of a botanist.
Bank of Canada spokeswoman Julie Girard said the central bank isn't considering recalling any of its new polymer notes.
The Bank of Canada has signalled that it may soon raise interest rates.
Bank of Canada Governor Mark Carney zeroed in on this point in a speech last week in Charlottetown, Prince Edward Island.
In March 1996 Pavlo met with Benveniste and several executives of National Bank of Canada at the swank Georgia Club in Atlanta.
Two of them were RBC Royal Bank of Canada operations.
FORBES: State Street and RBC Score in InfoWorld Tech Leadership Awards
RBTT, voted to accept a takeover by the Royal Bank of Canada.
The defense base moved, and the Bank of Canada was running at 14 percent prime, and mortgages were approximately 18 to 20 percent.
FORBES: Rethinking Money: The Rise Of Hayek's Private Competing Currencies
Among central banker types, Mark Carney (currently at the Bank of Canada) and Arminio Fraga (formerly president of Brazil's outfit) have stood out.
Nip into the Royal Bank of Canada at the corner of West Georgia Street and Burrard Street, and take the escalator up one floor.
The report also cited the strong quarterly dividend history at National Bank of Canada, and favorable long-term multi-year growth rates in key fundamental data points.
应用推荐