Bank of Canada poised to raise interest rates
Filed Under Main Content · Tagged: Bank Of Canada, Basis Points, Central Bank Governor, Consumer Confidence, Economic Growth, Economists, Globe And Mail, Interest Rates, Labour Market, Largesse, Mail Mark, Mark Carney, Pall, Policy Stance, Private Sector, Recession, Securities Dealers, Stimulus, Straight Time, World Bank
The Globe and Mail- Mark Carney is likely to raise borrowing costs for the second straight time Tuesday, while continuing to sound a cautious tone as belt-tightening in Europe, efforts to restrain China’s growth, and plunging consumer confidence in the U.S. cast a pall over Canada’s prospects.
All 12 primary securities dealers and most economists say the central-bank governor will lift his main interest rate by another 25 basis points, to 0.75 per cent. The labour market has recouped most of the jobs lost during the recession and companies are seeing better demand, suggesting the private sector will be able to lead economic growth after federal and provincial stimulus largesse runs out later this year.
Investors are less confident about later decisions, and that may not change this week because Mr. Carney is likely to reiterate that his path to a more neutral, pre-crisis policy stance depends on the developing economic stories around the world…
Bank of Canada poised to raise interest rates – The Globe and Mail
Growth brought to you by: The government
Filed Under Main Content · Tagged: Bc Government, Canada Bank, Canada Government, Decline, Economy, Own Two Feet, Private Sector, Stimulus Addiction, Times Colonist Victoria, Times Colonist Victoria Bc, Victoria Bc Canada
Times Colonist, Victoria, BC – Canada’s government and central bank have achieved what they set out to do: injected life back into the economy through stimulus, stoking growth in June after 10 consecutive months of decline. The return to growth may be a welcome change, but with the economy still heavily dependent on its stimulus addiction, activity in the coming year will remain shaky until the private sector can stand on its own two feet. …
Growth brought to you by: The government
Flaherty prepares Canada for bad GDP data
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Contraction, Economists, Estimates, Gdp, Gdp Data, Nbsp, Private Sector, Retail Sales, Times Colonist Victoria
Times Colonist, Victoria, BC – The Bank of Canada had originally forecast a 2.3% fourth-quarter contraction. But private-sector economists have revised their estimates downward, calling for a drop ranging from 3.6% to 4.2%, based on among other things a big drop in December retail sales…
