Bank of Canada Keeps Policy Rate at Restrictive 5% for 6th Straight Meeting but Points to Easing Price, Wage Pressures; Governor Won’t Rule Out a June Rate Cut
–Governing Council Looking for Evidence Downward Momentum in Inflation Is Sustained–Governor Macklem: Lowering Policy Rate Too Early or Cutting Too Fast Could Jeopardize Progress Made Bringing Inflation Down–Macklem: A June Rate Possible on Condition Policymakers Become More Confident that Inflation is Clearly on Path to 2% By Max Sato (MaceNews) – The Bank of Canada […]
Preview: Bank of Canada Expected to Keep Policy Rate at 5%, Facing Tough Decision Ahead as Jobless Rate Rises but Wage Pressures Remain
–Governing Council Monitoring Inflation Expectations, Wage Growth, Corporate Pricing–Governor Macklem Wants to See Clear Downward Momentum in Underlying Inflation By Max Sato (MaceNews) – The Bank of Canada is widely expected to maintain its policy interest rate – the target for overnight lending rates – at 5.0% on Wednesday for the sixth straight meeting as […]
Bank of Canada Q1 Survey: Business Outlook Indicator Continues to Rise but Demand Seen Sluggish, Inflation Stubborn Above 2% Target
Canada business sentiment rises
Bank of Canada Keeps Policy Rate at 5% for 5th Straight Meeting as Officials Seek Further Easing in Inflation
–Governing Council Still Concerned About Inflationary Risks, Particularly Persistent Underlying Price Pressures –Some Signs that Wage Pressures in Canada Are Easing –Governor Macklem: Too Early to Consider a Rate Cut; Clear Consensus Time is Not Now By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest rate — the […]
White House and Other Schedules for Wednesday, March 6
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, MARCH 6, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town PoolWires: […]
Preview: Bank of Canada Expected to Keep Policy Rate at 5%, Keep Close Watch on Underlying Inflation, Economic Growth
–Governing Council Focus Remains on Inflation Expectations, Wage Growth, Corporate Pricing–Governor Macklem Wants to See Clear Downward Momentum in Underlying Inflation By Max Sato (MaceNews) – The Bank of Canada is widely expected to maintain its policy interest rate — the target for overnight lending rates — at 5.0% on Wednesday for a fifth straight […]
White House and Other Schedules for Tuesday, Feb 6
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, FEBRUARY 6, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Bank of Canada Keeps Policy Rate at 5%, Softens Hawkish Tone Amid Slowing Economy but Warns About High Wage Growth
–Governing Council Still Concerned About Inflationary Risks, Particularly Persistent Underlying Price Pressures –BoC Statement Stops Saying It Remains Prepared to Hike Policy Rate Further if Needed–Governor Macklem: Premature to Discuss Lowering Interest Rates By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest rate — the target for overnight […]
Preview: Bank of Canada Expected to Keep Policy Rate at 5% amid Sticky Inflation
–Governing Council Likely to Remain Concerned About Inflationary Risk–Governor Macklem Has Repeatedly Said It is Too Early to Discuss a Rate Cut By Max Sato (MaceNews) – The Bank of Canada is widely expected to maintain its policy interest rate — the target for overnight lending rates — at 5.0% on Wednesday for the fourth […]
Bank of Canada Q4 Survey: Business Outlook Indicator Posts 1st Rise in 8 Quarters but High Prices, Wage Growth Seen Hindering Quick Return to 2% Inflation Target
–Firms’ Inflation Expectations Slowly Trending Down but Above 3% Over Next 2 Years–Consumers’ Near-Term Inflation Outlook Little Changed Around 4% –Businesses, Households Concerned about Economic Outlook Amid High Borrowing Costs By Max Sato Sentiment among companies in Canada picked up slightly in October-December for the first rise in eight quarters amid slowly easing labor shortages […]