OTTAWA — The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and...
OTTAWA — The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend.
But the September consumer price index report helped quell some of those anxieties as the pace of price growth slowed across the economy and the annual inflation rate fell back to 3.8 per cent. The Bank of Canada's recent business outlook survey supported this expectation. It showed business sentiment continued to weaken in the third quarter as companies said they expect sales growth to slow over the coming year.
"We know that there's more to come because we know that actually, fewer than 50 per cent of mortgage holders in Canada have been exposed to higher interest rates," said Grantham. "We're seeing, globally, the risks around inflation have have risen. The conflict in the Middle East, if that escalates, you know, wars are inflationary. There's no other way around it.," Grantham said.
The Bank of Canada's rate decision will be accompanied by its quarterly monetary policy report, which includes updated forecasts for global and domestic economies as well as for inflation.Quash my subpoena, Ivanka Trump tells NY judge, in asking not to testify against her father. DeSantis-Nikki Haley feud heats up, a possible new Democratic challenger for Biden and other trail takeaways
Western intelligence and aviation experts say Moscow may not be confident in the aircraft's capabilities and don't want to risk reputational damage.MANILA, Philippines — A Chinese coast guard ship and one of its militia vessels separately bumped a Philippine coast guard ship and a military-run supply boat Sunday off a contested shoal, Philippine officials said, in a serious flareup that could heighten fears of an armed conflict in the disputed South China Sea.
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