The Bank of Canada held its policy rate at 5 per cent on Wednesday, saying it needs to see a sustained decline in inflation before rate cuts can begin.
The Bank of Canada held its policy rate at 5 per cent on Wednesday, saying it needs to see a sustained decline in
Additionally, the bank is not convinced that wage growth, a key driver in costs, will remain stable. If weak productivity continues, firms could face higher price pressures.“We don’t want to leave monetary policy this restrictive longer than we need to,” said Macklem. “But if we lower our policy rate too early or cut too fast, we could jeopardize the progress we’ve made bringing down inflation.
U.S. President Joe Biden called Prime Minister Benjamin Netanyahu's handling of the war in Gaza a mistake and called for his government to flood the beleaguered territory with aid, ramping up pressure on Israel to reach a cease-fire and widening a rift between the two staunch allies.Walid Daqqa, one of the longest-serving Palestinian prisoners in Israel, died of cancer on Sunday at the age of 63 after almost four decades of incarceration.U.S.
The family of an Edmonton home builder who was fatally shot in south Edmonton on Monday says they're in shock over what happened.Atlantic Canadians pay higher personal income tax rates: Fraser Institute A stray cat being cared for by the Humane Society of Kitchener Waterloo & Stratford Perth needs emergency surgery and the organization is hoping the community will rally to pay for her recovery.'I'm really struggling': Parents paying the cost of Sask. teacher strike
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