Although lower gasoline prices have driven the decline in inflation over the last year, rising prices may start to add to inflationary pressures.
The Bank of Canada’s key interest rate now sits at 5.0 per cent, the highest it’s been since 2001.
“I would freely admit that, we and most others, also thought the Bank of Canada was done, you know, after their January rate hike,” Porter said.After announcing a pause on rate hikes in January, the Bank of Canada came off the sidelines in June and started raising interest rates again in response to a hot string of economic data.But signs of softening are starting to emerge.
“It’s a tough decision to keep raising interest rates when the unemployment rate is rising,” Porter said.Article content
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Week ahead for central Pa. looks to be mostly sunny, warm: forecastersThe only exception is Monday into Tuesday when some storms are predicted, according to the National Weather Service.
Weiterlesen »
NOAA doubles the chances for a nasty Atlantic hurricane season due to hot ocean, tardy El NinoICYMI: This could get nasty, y'all: NOAA doubles the chances for a nasty Atlantic hurricane season due to hot ocean, tardy El Nino - KPRC2 weather Houston Texas Gulf HTX
Weiterlesen »
It’s VERY DRY in San Antonio now, but we are cautiously optimistic for what’s aheadForecasters are now calling for a 95% chance of El Nino by December.
Weiterlesen »
Gold Price Forecast: XAU/USD not profiting from moderate US inflation figures – CommerzbankFollowing the publication of the US inflation figures, Gold price briefly climbed to $1,930 but then dropped back to $1,915. Economists at Commerzbank
Weiterlesen »
Fear of the 'Big Melt' turns to big relief along California's Eastern SierraThe Eastern Sierra Nevada has braced for snowmelt flooding since spring. Forecasters say the region’s waterways should return to normal by next month.
Weiterlesen »
GBP/USD may be able to strengthen somewhat in the short run – ScotiabankEconomists at Scotiabank analyze GBP/USD technical outlook. Cable could retest resistance at 1.2800/1.2810 The daily GBP/USD chart reflects heavy pric
Weiterlesen »