Bank of Canada posts first loss in 87-year history


2022-11-30: [Chinese Article Link] The Bank of Canada reported a C $522-million loss in the third quarter, the first loss in the bank's 87-year history, on November 29 local time. The bank is known to have been unable to make a profit in recent months as the Bank of Canada's rush to raise interest rates to fight inflation has led to


Note: This is a machine translated version of the Chinese news media article. A mature and nuanced reading is suggested.




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Bank of Canada posts first loss in 87-year history


2022-11-30: [Article Link] The Bank of Canada reported a C $522-million loss in the third quarter, the first loss in the bank's 87-year history, on November 29 local time. The bank is known to have been unable to make a profit in recent months as the Bank of Canada's rush to raise interest rates to fight inflation has led to

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.