Wednesday’s Bank of Canada interest rate announcement, Statistics B.C. GDP data and real estate board monthly reports are key to keeping track in changing economic times
On Wednesday, the Bank of Canada is expected to raise its overnight interest rate again to try to contain the rising cost of living — a.k.a. inflation.
Even Jeff Bezos — one of the world’s richest men — is warning people right now to “batten down the hatches.”INTEREST RATES According to Coast Capital Savings Credit Union, central banks around the world have been raising interest rates over the past six months — though the rate hikes have been faster and more frequent in the U.S. and Canada.The September hike was 0.75 per cent, with economists predicting Wednesday’s hike to also be 0.75 per cent.
According to Chartered Professional Accountants Canada a recession is defined as two three month periods of a decline in economic activity, and the association believes Canada could slip into a recession in 2023 “Using information about employment and unemployment is a good way to refine that information,” he said. “In addition one could use info about asset prices and the evolution of financial and non financial wealth/debt of households.”RATE OF INFLATION B.C. released its latest inflation figures on Oct. 19 showing it was 7.7 per cent higher than in September 2021, and 0.5 per cent higher than in Aug. 2022. Excluding the cost of gas and food, inflation was at 6.5 per cent.
He said that the rate of inflation is considered manageable at between two and three per cent – that is where it was before the COVID-19 pandemic.
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.
Jagmeet Singh says there is ‘no merit’ to expected Bank of Canada interest rate hikeIn a letter addressed to Justin Trudeau, the NDP leader writes that the government can do more to help Canadians weather the inflationary storm.
اقرأ أكثر »
Bank of Canada defended by Chrystia Freeland ahead of potential rate hike - BNN BloombergFinance Minister Chrystia Freeland defended the Bank of Canada’s independence after the main left-leaning opposition party joined the Conservatives in criticizing its record.
اقرأ أكثر »
Bank of Canada expected to raise interest rates on Wednesday as recession fears growEven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday.
اقرأ أكثر »
From left and right, political backlash to Bank of Canada growsWith inflation surging to multidecade highs, monetary policy has become a major topic of political debate for the first time in a generation
اقرأ أكثر »
HSBC Bank Canada posts record profit in Q3 amid speculation over potential suitorsHSBC Bank Canada\u0027s profit before tax grew by 27% to $298 million over the same period last year. Read more.
اقرأ أكثر »
Bank of Canada expected to raise interest rates on Wednesday as recession fears growEven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday, edging the bank closer to the end of one of the fastest monetary policy tightening cycles in its history.
اقرأ أكثر »