Bank of Canada expected to announce 7th interest rate hike this year
Market watchers will be paying attention to the central bank’s language for any indication on whether more rate hikes should be expected.Story continues below advertisement After peaking at 8.1 per cent in July, the annual inflation rate has slowed to 6.
9 per cent in October.South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forecasters split on how high Bank of Canada will push next rate hikeExpectations are that Bank of Canada head Tiff Macklem will raise interest rates once more this week, bringing the bank’s benchmark rate to 4 per cent for the first time since early 2008
Read more »
Canada loses sight of its own national interest with Indo-Pacific StrategyTORONTO—When Foreign Minister Mélanie Joly unveiled the Trudeau government’s Indo-Pacific Strategy on Nov. 27, she quickly won praise from the United States, which has been working hard to ensure that Canada aligns with its policy. The Indo-Pacific Strategy can be seen as a down payment for Canada’s entry into the Biden administration’s Indo-Pacific Framework, which includes 13 Asian countries, but when launched earlier this year, excluded Canada, leaving it desperate to be included. As set out in its Indo-Pacific Strategy, Canada’s policy towards China will continue to be markedly hostile and hawkish, with little room for engagement. The Canadian position appears to be even more rigid than that of the U.S. which, along with the recent summit between U.S. President Joe Biden and Chinese President Xi Jinping, attempted to draw a line under growing divisions that are setting the two superpowers on an increasingly dangerous course. This summit doesn’t mean an end to vigorous U.S. efforts to contain China and slow down its technological advances. Far from it. But it is a recognition that the downward spiral in superpower relations is in danger of getting out of hand. Yet, as U.S. Secretary of Commerce Gina Raimondo said recently, “we want to promote trade and investment in areas that do not threaten our core economic and national security interest or human rights values.” China is the third-largest export market for the U.S., and this trade, she said, directly supports 750,000 U.S. jobs, many of them in the more than 25,000 small and mid-sized companies that exported to China last year Paul Heer, who spent some 30 years with the U.S. intelligence community on East Asia, and from 2007 to 2015 was the national intelligence officer for East Asia, is one of a number of American experts, though, who question the Trump-Biden approach to China. “U.S. strategy,” on Oct. 31 for Asian Peace Research, “focuses almost exclusively on mobilizing U.S. allies and partners implicitly a
Read more »
Bea Bruske: Bank of Canada should pause rate hikes now to avert a manufactured recessionMore Bank of Canada interest rate hikes risk weakening our economy and potentially inducing massive job losses, says Bea Bruske. Read on.
Read more »
Bea Bruske: Bank of Canada should pause rate hikes now to avert a manufactured recessionMore Bank of Canada interest rate hikes risk weakening our economy and potentially inducing massive job losses, says Bea Bruske. Read on.
Read more »
Bea Bruske: Bank of Canada should pause rate hikes now to avert a manufactured recessionMore Bank of Canada interest rate hikes risk weakening our economy and potentially inducing massive job losses, says Bea Bruske. Read on.
Read more »
Bea Bruske: Bank of Canada should pause rate hikes now to avert a manufactured recessionMore Bank of Canada interest rate hikes risk weakening our economy and potentially inducing massive job losses, says Bea Bruske. Read on.
Read more »