Last month the central bank left its key overnight interest rate on hold at 4.50%, but said rates may need to stay high for a while because of wage pressure in a tight labor market and sticky services prices
Canadian inflation risks getting stuck significantly above the Bank of Canada’s 2% target, and if that happens the central bank is ready to hike interest rates further, Governor Tiff Macklem said on Thursday.
“But there is a risk that these adjustments will take longer or stall, and inflation will get stuck materially above the 2% target,” Macklem told the Toronto Region Board of Trade. But at its policy-setting meeting last month, the bank mulled an increase because of a persistently tight labour market and stronger-than-expected growth. It decided to hold off to collect more evidence on the impact of previous rate increases.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
King Charles has work to do to cultivate ties with Canada, Governor-General says in interviewGov.-Gen. Mary Simon says she can see a day when Canadians have a ‘conversation’ about the country’s relationship with the monarchy, but that this is not the right time
اقرأ أكثر »
Bank of Canada interest rate hike adds pressure to tight rental marketPrices for rentals \u0027getting out of control\u0027 even as housing market
اقرأ أكثر »
TD Bank calls off deal to buy U.S. bank First Horizon - BNN BloombergTD Bank Group has agreed to call off its deal to acquire U.S. bank First Horizon Corp.
اقرأ أكثر »
TD Bank Group calls off deal to buy U.S. bank First HorizonTD Bank Group has called off its US$13.4-billion takeover deal to acquire First Horizon Corp.
اقرأ أكثر »
Opinion | Gordon Lightfoot was our most enduring and endearing geniusGordon Lightfoot was our most enduring and endearing genius. Canada didn’t just lose a troubadour who helped score the soundtrack to our lives. Canada lost a bit of Canada this week. Opinion by vinaymenon
اقرأ أكثر »
U.S. Fed raises rates but signals possible pause to assess bank failures - National | Globalnews.caAs widely expected, the U.S. Federal Reserved raised its benchmark interest rate by 25 basis points on Wednesday.
اقرأ أكثر »