Bloomberg Bank of Canada Governor Stephen Poloz said policy caution and uncertainties around the economic outlook remain prominent in the central bank’s thinking, even as an economy running close to capacity increases the likelihood rates will eventually rise. Poloz used his last speech of the year to highlight three subjects he called “slower-moving, nagging issues” that keep him up at ...

Bloomberg UBS Group AG’s head trader for commercial mortgage-backed securities denied claims of trying to influence research reports published by the Swiss bank’s former senior strategist for CMBS products. David McNamara, 49, testified at a trial brought by former CMBS strategist Trevor Murray, who says UBS illegally fired him in February 2012 for blowing the whistle on alleged attempts to ...

Bloomberg Ryanair Holdings Plc pilots got an unexpected Christmas present when Europe’s biggest low-cost carrier agreed to recognise their labour unions. Investors are the ones paying for it. The move, which CEO Michael O’Leary had previously said wouldn’t happen before “hell would freeze over,” was aimed at averting the first-ever walkout by employees. Ryanair stock fell as shareholders digested the ...