Explore stories from Atlantic Canada.
Cooking Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingshortsOTTAWA - 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.
"All the signs across the Canadian economy right now are pointing to a prolonged slowdown," said Karl Schamotta, chief market strategist at Cambridge Global Payments. Weak growth and a modest easing of inflation"should keep the Bank of Canada on hold," he said. The policy announcement is due at 10 a.m. ET on Wednesday, when the BoC will also publish its updated forecasts for growth and inflation.
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".
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Arab leaders denounce Israel attacks on Gaza as risks to region riseExplore stories from Atlantic Canada.
Read more »
China's central bank governor outlines priorities in work reportExplore stories from Atlantic Canada.
Read more »
Rugby-Winning World Cup more important than try scoring record, says All Black aceExplore stories from Atlantic Canada.
Read more »
Soccer-Vlahovic ready but Chiesa a doubt as Juventus take on MilanExplore stories from Atlantic Canada.
Read more »
EU envoy tells Kosovo and Serbia to return to dialogueExplore stories from Atlantic Canada.
Read more »
Arabs condemn Israel's Gaza bombardment, urge fresh peace pushExplore stories from Atlantic Canada.
Read more »