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 […]

White House and Other Schedules for Wednesday, Oct 25

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: DAILY GUIDANCE AND PRESS SCHEDULEFOR WEDNESDAY, OCTOBER 25, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]

Bank of Canada Q3 Survey: Business Outlook Indicator Dips for 7th Straight Quarter to Over 3-Year Low on Widespread Demand Slowdown

–Firms’ Inflation Expectations Edge Down but Remain High–Consumers’ 2-Year Inflation Outlook Rises Slightly to 4%, Still See 5% Price Rise in Year Ahead –Businesses, Households Believe Effects of High Interest Rates Far from Over By Max Sato (MaceNews) – Sentiment among companies in Canada declined for the seventh straight quarter in July-September as the “widespread” […]