growth remains well above the bank’s target. But there are increasing, if conflicted, signs that higher borrowing costs are having their intended effect: slowing the economy and weighing on price growth.
A pause this week would make the Bank of Canada the first major central bank to stop increasing interest rates. That would put it on a different trajectory than the U.S Federal Reserve, whose officials expect to raise rates several more times. There have been moments since the January rate decision at which the Bank of Canada’s pledge to pause rate hikes looked premature. Two weeks after the announcement, Statistics Canada published a blockbuster jobs report showing that the labour market added 150,000 positions in January, 10 times Bay Street’s consensus estimate, while the unemployment rate held steady at 5 per cent.
The January inflation numbers were also more mild than expected. The consumer price index rose 5.9 per cent year-over-year, down from 6.3 per cent in December and below the Bay Street estimate of 6.1 per cent. Inflation measures that capture more recent price trends show underlying inflation running at between 3 per cent and 3.5 per cent.
Coward🤡🤡🤡
Bank of Canada has no idea what to do in face of conflicting economic signals fixedit
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
ANALYSIS | Why the Bank of Canada is expected to (finally) leave interest rates unchanged | CBC NewsThe Bank of Canada will announce its latest interest rate policy on Wednesday. The central bank appears poised to make good on its promise to pause rate increases. Corporate Greed is the issue, control that. Don't expect inflation to decline any time soon then. Way to early these guys just gave cold fèt.
Source: CBCNews - 🏆 2. / 99 Read more »
Participants, Boxing Canada thrilled to have female boxing part of Canada Winter Games in P.E.I. | SaltWire“It’s a huge, significant moment for boxing in this country. It is nice to see our sport moving towards gender equity,” said Boxing Canada president Ryan O’Shea.
Source: SaltWire Network - 🏆 45. / 63 Read more »
CANADA: Charmaine Crooks appointed Canada Soccer's interim presidentThe beleaguered governing body, under the microscope for its ongoing labour battle with the Olympic champion women and resurgent men's team, named Crooks its interim president on Wednesday. She faces a busy calendar and uncertain landscape
Source: SooToday - 🏆 8. / 85 Read more »
CANADA: Charmaine Crooks appointed Canada Soccer's interim presidentThe beleaguered governing body, under the microscope for its ongoing labour battle with the Olympic champion women and resurgent men's team, named Crooks its interim president on Wednesday. She faces a busy calendar and uncertain landscape
Source: sudburydotcom - 🏆 6. / 89 Read more »
High-end department store Nordstorm departing Canada, leaving anchor space in Rideau Centre vacantIn Ottawa, the move will leave anchor space in the Rideau Centre shopping centre vacant. Goodbye Norstrom hello Zellers Costs are too high in Canada...welcome to trudeaus Canada Nordstrom. Canadians can't afford Canada either. Maybe Zellers will move in
Source: OttawaCitizen - 🏆 21. / 68 Read more »
New ranking puts Canada among countries with the most-attractive people on earthCanada seems to be known for a lot things when presented on the world stage; things like maple syrup, publicly-funded healthcare, cool banknotes, T... Poll only taken from Toronto and Montreal * Jk Also: so white? “Not to be confused with an actual peer-reviewed research study”
Source: blogTO - 🏆 44. / 63 Read more »