OTTAWA — The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process.
As consumer price growth continues to ease, the central bank is placing more emphasis on the risks associated with undershooting its two per cent inflation target.The Bank of Canada has signalled it will continue to cut interest rates as long as inflation continues to slow in line with its projection.
"While the Bank of Canada still believes that consumer spending will rebound, officials are acknowledging the material risks to that view from upcoming mortgage renewals and ongoing weakness in the labour market." The document reiterated that the bank's decision to lower its policy rate last month was partly driven by the desire to boost economic growth.
"We no longer see Canadian central bankers pausing in December, as we now expect the Fed to also deliver three consecutive 25 rate cuts over this remainder of this year."WASHINGTON — Kamala Harris’ whirlwind process to select Minnesota Gov. Tim Walz as her running mate can be summed up in a word: weird.‘Magic in a tub’: These No. 1 bestselling, de-gunking pore pads are over 50% off
Denver, CO, Aug. 07, 2024 -- In the context of increasingly complex global financial markets, Luxspin Global Holding has announced the establishment of a new risk assessment division. This initiative aims to enhance the investment strategies and risk management capabilities of the company in the financial derivatives sector, further solidifying its leading position within the fintech industry.
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