WASHINGTON (AP) — In an address at the American Enterprise Institute in Washington, Federal Reserve Board member Christopher Waller expressed growing confidence in the Fed’s ability to bring inflation back to the central bank’s 2% target level. While acknowledging that inflation remains elevated and uncertain if recent slowdowns can be sustained, Waller’s optimism stands out …
Asian Markets Edge Lower Ahead of Biden-Xi Summit During a quiet trading day in Asia, shares edged lower, aside from a modest advance in Tokyo. The highly anticipated meeting this week between U.S. President Joe Biden and Chinese leader Xi Jinping is expected to set the stage for the week ahead. Hopes for improved cooperation …
By Staff The Canadian Press Posted October 17, 2023 7:22 am Decrease article font size Increase article font size Statistics Canada is set to release its September inflation reading Tuesday morning. Progress on getting inflation down has stalled in recent months as underlying price pressures remain broad in the economy. Canada’s inflation rate accelerated for …
Businesses are still anticipating passing on larger price hikes to consumers, even as the Bank of Canada’s efforts to control inflation appear to have stalled, according to the central bank’s latest surveys. The quarterly business outlook surveys, released on Monday, reveal that approximately half of businesses report that their pricing practices are not yet back …
As the number of homeowners facing mortgage renewals with higher interest rates continues to rise, many find themselves in the difficult position of potentially having to sell their homes. However, experts suggest that there are steps financially strained homeowners can take before resorting to selling. “It’s important to recognize that selling the house might be …
A global bond market selloff has significant implications for Canadian households and investors. Financial markets are readjusting their long-term expectations for interest rates, and this has led to a surge in bond markets around the world. Yields on the benchmark 10-year U.S. Treasury bond have hit a 16-year high, while the S&P 500 has reached …
According to a report released on Wednesday by the Agri-Food Analytics Lab at Dalhousie University, Canadians are increasingly prioritizing cheaper food options over considering the nutritional value of their groceries. This shift in shopping habits comes as a result of more than a year of high food inflation, which has made trips to the grocery …
By Staff The Canadian Press Posted October 3, 2023 8:55 am Decrease article font size Increase article font size Bank of Canada deputy governor Nicolas Vincent reveals that businesses are presently more inclined to increase their prices and in larger amounts compared to the pre-pandemic period. This ongoing trend is a major contributor to the …
By Staff The Canadian Press Posted September 29, 2023 7:25 am Decrease article font size Increase article font size Statistics Canada will release its figures for the start of the third quarter today, providing insights into the economy. The agency will report real gross domestic product numbers for July. Earlier estimates for July suggested that …
Stubborn inflation may not necessitate another interest rate hike, but it could result in the Bank of Canada maintaining its policy rate at a higher level for a longer duration, as indicated by new forecasts released this week. An updated economic outlook from Deloitte Canada, published on Thursday, reveals a more challenging path for gross …