The Bank of Canada’s independence could be tested as Mark Carney, former governor of both the Bank of Canada and the Bank of England, is now running for leader of the Liberal Party.

Despite leaving the Net Zero Banking Alliance, bank says its commitment to climate targets and decarbonization remains

Toronto-Dominion Bank faces challenges including U.S. AML settlements, restructuring efforts, and suspended medium-term financial targets, impacting investor confidence. Despite these issues ...

If successful, the former Bank of England governor would become Canada's interim prime minister ahead of the next general election

Liberal leadership hopeful Mark Carney secured three more endorsements from cabinet on Saturday, with Defence Minister Bill Blair and Transport Minister Anita Anand backing Carney in statements on X and Housing Minister Nate Erskine-Smith hosting an event for the candidate in Toronto.

Transport Minister Anita Anand, Defence Minister Bill Blair and Housing Minister Nate Erskine-Smith are the latest from the Liberal front benches to turn away from former finance minister Chrystia Freeland. Industry Minister François-Philippe Champagne is expected to announce his endorsement for Carney on Sunday.

Carney has secured the backing of Foreign Affairs Minister Melanie Joly, Environment Minister Steven Guilbeault, Energy Minister Jonathan Wilkinson and Labor Minister Steven MacKinnon. He will receive a public endorsement from Industry Minister Francois-Philippe Champagne on Sunday, said a person close to Champagne.

Many ministers believe Mr Carney is the best bet to counter US President Donald Trump’s trade threats. Read more at straitstimes.com.

The race to replace Canadian Prime Minister Justin Trudeau is now set, with former central banker Mark Carney and former Deputy Prime Minister Chrystia Freeland the two biggest names to have declared their candidacy.

The former central banker has already secured the backing of the country's foreign, energy, environment, transport and labour ministers The senior ranks of Prime Minister Justin Trudeau's cabinet have made their choice on who they believe should replace him as Canada's prime minister - and they are throwing their weight behind Mark Carney.

Economic forecasts suggest the Bank of Canada will likely lower its key policy rate by a quarter of a percentage point on Wednesday in light of recent inflation and jobs data, bringing it down to ...

The pound was little changed on Thursday as markets were focused on a raft of major central bank meetings that will culminate with the Bank of England next week.