WHITE HOUSE WATCH COMMENTARY: VIRUS TOPS ANOTHER GRIM RECORD AMID JAGGED MOSAIC
By Denny Gulino WASHINGTON (MaceNews) – The virus continued painting a clear picture Wednesday of death on the march, killing more in the latest day than ever before, while all the elements that could make up a different picture, of success against the disease, remains a muddled mess. A status report with two weeks to […]
BANK OF CANADA’S POLOZ: BETTER ECONOMIC OUTLOOK IS ACHIEVABLE
By Gloria Galloway OTTAWA (MaceNews) – The Bank of Canada is laying out two economic prospects for the country as it recovers from devastating effects of the global pandemic – one positive and one negative – but the bank’s governor says he is optimistic that the better-case scenario is achievable. In its Monetary Policy Report […]
BANK OF CANADA TO BUY PROVINCIAL, CORPORATE DEBT; RAISES OTHER PURCHASES
OTTAWA (MaceNews) – The Bank of Canada left its policy rate unchanged, as expected, and stepped up its asset purchases to include provincial debt and corporate debt, the bank said Wednesday. The bank said it will buy up to C$50 billion in provincial debt, and up to C$10 billion in corporate debt, the latter in […]
DATA FLASH: US RETAIL SALES PLUNGE 8.7% AS CONSUMERS STAYED HOME
–Food Store Sales Jump 25.6%, Most Other Categories Fall Sharply–Empire State Index Drops to -78.2 in April from -21.5 in March–Industrial Production Falls 5.4%, Manufacturing Down 6.3%, Lows Since 1946 By Kevin Kastner WASHINGTON (MaceNews) – As U.S. consumers heeded government warnings to remain home to mitigate the spread of COVID-19, and most business were […]
BANK OF CANADA: WITH COVID-19, OIL PRICE SHOCKS, ECONOMIC OUTLOOK UNCERTAIN
NEW YORK (MaceNews) – Canada’s economy is being hit hard by both the COVID-19 and oil price shock, and the timing and quality of recovery remain uncertain, and hinge on controlling the virus, the Bank of Canada said in its Monetary Policy Report. As restrictions in activity linked to COVID-19 are lifted, the economy will […]