The Bank of Canada kept its benchmark rate at 2.25% for the seventh consecutive meeting on September 2, citing trade war uncertainty even as Q2 GDP expanded at an annualised 3.3 percent.
Tag: Bank of Canada
Posted inEconomy
Five central banks in eight days as Iran-driven inflation tests policy limits
Five major central banks — ECB, Fed, BoJ, BoE, and Bank of Canada — convene in eight days this week, with the ECB’s expected hike to 2.25% leading the sequence.
Posted inEconomy
Bank of Canada signals rate hike risk as oil-driven inflation deepens
Bank of Canada’s Macklem warned rate hikes are possible if oil prices stay elevated, a dilemma now spreading from Ottawa to Frankfurt and London.