The Bank of Canada (BoC) will leave interest rates on hold on Wednesday as the economy stalls, analysts said, though many see the central bank warning that...
OTTAWA - The Bank of Canada will leave interest rates on hold on Wednesday as the economy stalls, analysts said, though many see the central bank warning that future hikes are still possible with inflation hovering well above its 2% target.
The BoC has hiked its key overnight rate 10 times since March of last year to fight inflation, which peaked at over 8%. Inflation in Canada unexpectedly slowed to 3.8% in September, down from 4.0% in August. In July, it said inflation would stay above target until mid-2025 and growth would stall. Earlier this month, BoC Governor Tiff Macklem said the economy was not heading for a "serious recession".
Money markets had priced in a 43% chance for a hike on Wednesday before last week's inflation data came in. By Friday they had trimmed that to a 13% chance.Trump Asked Melania To Don A Bikini For His Buddies, Insider Claims Many Republicans 'couldn't stand' Jim Jordan but still backed his speakership bid because they were 'too scared' to nominate others, Kinzinger says
Kevin Paffrath slammed Elon Musk's comments on Tesla's third quarter earnings call in an interview with Yahoo Finance this week.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bank of Canada to leave rates on hold as economy stalls, analysts sayExplore stories from Atlantic Canada.
Lire la suite »
Bank of Canada expected to stand pat as economy weakens, inflation slowsInterest-rate swaps are pricing in a roughly 15-per-cent chance that the Bank of Canada raises interest rates this week, Refinitiv data shows
Lire la suite »
Bank of Canada to release its Monetary Policy Report on Wednesday, Oct. 25, at 10 a.m. ETThe Hill Times
Lire la suite »
Bank of Canada expected to hold key interest rate steady at 5% amid 'sluggish' economyThe Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend.
Lire la suite »
Bank of Canada expected to hold key interest rate at 5% amid ‘sluggish’ economyThe Canadian economy shrank in the second quarter. Economists anticipate that weakness will continue for the rest of the year and into 2024.
Lire la suite »
Ford asks Bank of Canada, Prime Minister to pause interest rate increasesFor the second time in as many months, Ontario Premier Doug Ford is calling on the Bank of Canada to pause any further interest rate increases, saying millions of Canadians are 'struggling to make ends meet.'
Lire la suite »