'Although less than 50%, the probability of a rate increase in our opinion is not negligible'
Ongoing sell-off in bonds and worries about Isreal-Hamas war escalation are weighing on the market, as it waits for Big Tech earnings.Signs are growing that Canada’s economy is slowing under the weight of higher interest rates, but is it enough for theThe central bank makes its latest rate decision Wednesday, and a batch of data out last week supports a hold at 5 per cent, say economists.
“Although less than 50 per cent, the probability of a rate increase in our opinion is not negligible, said National Bank economists Taylor Schleich and Warren Lovely. Inflation expectations in the Bank survey have moderated slightly but are still running at 3 to 4 per cent over coming years. “Considering the surging population, this result shows a significant weakening for households which have been hit by the negative effects of rising prices and the interest rate shock on household purchasing power,” he wrote in a note.‘All those mouths need to be fed:’ BHP CEO aims to dominate potash globally through Canada
Ted Rechtshaffen: Financial and estate planning isn't quick and simple, but there's no harm in testing the waters online for freeLONDON -Chevron Corp said on Monday it would buy smaller rival Hess Corp in a $53 billion all-stock deal, taking its rivalry with Exxon Mobil to the next level by boosting its presence in U.S. shale and oil-rich Guyana.
WAYNE, Mich. — Throughout its 5-week-old strikes against Detroit’s automakers, the United Auto Workers union has cast an emphatically combative stance, reflecting the style of its pugnacious leader, Shawn Fain. Armed with a list of what even Fain has called “audacious” demands for better pay and benefits, the UAW leader has embodied the exasperation of workers who say they've struggled for years while the automakers have enjoyed billions in profits.
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