Bank of Canada drops rate guidance, lowers growth forecast

OTTAWA — There has been a sea change at the Bank of Canada. No longer are policymakers setting a specific monetary course for interest rates. Instead, for the first time in 18 months, they have dropped any reference to borrowing costs eventually rising — adopting a neutral position and waiting to see which way economic […]

Ottawa’s spotlight has Manulife rethinking its bank

TARA PERKINS — FINANCIAL SERVICES REPORTER Ottawa’s efforts to rein in the mortgage market are forcing Manulife Financial Corp. (MFC-T11.23-0.14-1.23%) to re-evaluate its fast-growing bank, making it the first financial institution to say that it intends to move toward tighter lending to consumers in response. Manulife Bank, which allows consumers to run all of their banking, such as savings, […]