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Despite strong job creation and 2% inflation, Bank of Canada has room to hold rates: Don Pittis

Despite strong job creation and 2% inflation, Bank of Canada has room to hold rates: Don Pittis – Business – CBC News

Bank of Canada governor Stephen Poloz on Friday fulfilled a ceremonial role by unveiling a glamorous new $10 bill to celebrate the country’s sesquicentennial.

This week, Poloz will discharge an even more fundamental duty, announcing the policy that makes sure the fancy 10, and the rest of Canada’s money, retains its value.

To read full article please click on the link below:

http://www.cbc.ca/news/business/bank-of-canada-inflation-rates-poloz-1.4059113

Bank of Canada holds interest rate at 0.5%

Bank of Canada holds interest rate at 0.5% | Advisor.ca

The Bank of Canada is holding its benchmark interest rate at 0.5% and providing a deeper assessment of the risks associated with the big economic unknowns of a Trump presidency.

To read full article please click on the link below:

http://www.advisor.ca/news/economic/bank-of-canada-holds-interest-rate-considers-trump-risks-223479?utm_source=EmailMarketing&utm_medium=email&utm_campaign=Midday_Newsletter

Bank of Canada holds key interest rate steady again

Bank of Canada holds key interest rate steady again – Business – CBC News

The Bank of Canada has decided to keep its benchmark interest rate where it is, citing a possible slowdown of the economy.

While the economy gained steam through the last half of 2016, it predicts a slowdown ahead, which is why it has decided to keep its benchmark interest rate where it is for now.

To read full article please click on the link below:

http://www.cbc.ca/news/business/bank-of-canada-interest-rate-1.3885085

Economic uncertainty sets bar high for rate change, Poloz says

Economic uncertainty sets bar high for rate change, Poloz says – The Globe and Mail

Bank of Canada Governor Stephen Poloz suggested that continued uncertainties surrounding Canada’s economic outlook have set the bar high for an interest rate change, as the central bank approaches its deliberations for next week’s rate decision.

“The situation hasn’t changed much, as far as I can see,” Mr. Poloz said in the Q&A session following a speech in Toronto Monday evening.

To read full article please click on the link below:

https://sec.theglobeandmail.com/report-on-business/economy/canadas-service-sector-leading-way-to-economic-recovery-poloz-says/article33083285/?service=amp

Fed policymakers confident of need for rate hikes on eve of Trump win

Fed policymakers confident of need for rate hikes on eve of Trump win

WASHINGTON, Nov 23 (Reuters) – Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed’s Nov. 1-2 meeting showed.

The minutes released on Wednesday back the consensus view on Wall Street that the Fed is poised to raise rates in December. Policymakers left borrowing costs unchanged earlier this month, just days before Republican Donald Trump triumphed in the Nov. 8 presidential contest.

To read full article please click on the link below:

https://www.yahoo.com/news/fed-policymakers-confident-rate-hikes-eve-trump-win-190446000–business.html


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