UK Housing Market Sees More Buyers and Sellers as Prices SteadyChina’s Teapot Oil Refiners Slash Output as Industrial Demand for Fuel FizzlesUAE Signs $5.
wine industry, after climate-related catastrophesInsolvencies to stay higher in 2024 as economy normalizes from pandemic lows: expertsUS Steel Falls on Report Biden Will Voice Concern on Nippon DealAustralia’s Treasurer Still Confident on Passing RBA Reform BillSunak’s Woes Prompt Ministers to Question Whether He Can Hang OnRussia Goes to Vote With War Economy Lifting Living StandardsDemocrats Warn US Trade Bank on Backing Bahrain Oil DrillingIndia Plans Economic Data Improvements, New...
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Bank of Canada's interest rate decision shouldn't depend on housing market, economists argueAs Canada's inflation rate fluctuates, economists suggest that the Bank of Canada should not base its interest rate decision on the housing market. The January consumer price index report is expected to show a decrease in the inflation rate. Lower energy and food prices are believed to be the main factors behind the slowdown.
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Bank of Canada worries a rate cut now could overheat the spring housing marketBank of Canada Governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, March 6, 2024. THE CANADIAN PRESS/Sean Kilpatrick
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