The Bank of Canada says a string of positive news has bolstered its view that the recent economic slump is already easing.
“In this context, the degree of accommodation being provided by the current policy interest rate remains appropriate.” Many economists now expect the central bank to hold off on raising rates for the rest of the year, barring a dramatic improvement in economic conditions.was mostly upbeat, with the exception of its note of caution about how rising protectionism is weighing on Canadian and global growth.
The Chinese government has imposed a virtual ban on imports of Canadian canola after finding what it says were weed seeds in recent shipments – allegations Canadian officials deny. The restrictions have dramatically curtailed a $4-billion-plus per year export market for Canadian farmers.
globebusiness sorry andrewscheer you didn't get the recession you were hoping for
globebusiness No ONT, AB, SK and MB are sliding into recession is this guy on the Liberal payroll for gods sake
globebusiness Everytime the bank of Canada talks the Canadian dollar goes down. It’s becoming more apparent that it is what they want.
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