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29 Jan, 2023
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Category: Business

Top Bank of Canada officials speak after rate decision

July 24, 2022July 18, 2022 cholstronet

Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank surprised by raising key interest rate by 100 basis points to 2.5%. Read more

Business

U.S. OKs American Airlines bid to resume service to some Cuban airports

July 23, 2022July 18, 2022 cholstronet

The U.S. Transportation Department (USDOT) on Wednesday approved American Airlines’ (AAL.O) request to resume service to some smaller Cuban airports after President Joe Biden reversed his predecessor’s policy. American sought approval for flights from Miami to Santa Clara, Holguin, Matanzas/Varadero Read more

Business

Bank of Canada surprises with 100-bp rate hike as inflation risks gather steam

July 22, 2022July 18, 2022 cholstronet

The Bank of Canada surprised on Wednesday with a full-percentage-point increase to its policy rate, a super-sized hike last seen in 1998, citing “higher and more persistent” inflation and the increased risk of those price gains becoming entrenched. The central Read more

Business

VIEW Bank of Canada surprises with 100bp interest rate hike

July 21, 2022July 18, 2022 cholstronet

The Bank of Canada surprised on Wednesday with a full-percentage-point increase to its policy rate, a super-sized hike last seen in 1998, citing “higher and more persistent” inflation and the increased risk of those price gains becoming entrenched. The central Read more

Business

Bank of Canada says recent inflation forecast errors due mainly to global shocks

July 20, 2022July 18, 2022 cholstronet

The Bank of Canada on Wednesday said its consistent underestimation of inflation since the spring of last year has been mostly due to global shocks that drove up commodity and energy prices faster than expected. The central bank again significantly Read more

Business

Bank of Canada again hikes inflation forecast, eyes slower growth but no recession

July 19, 2022July 18, 2022 cholstronet

The Bank of Canada on Wednesday dramatically upped its near-term inflation forecasts and said there was an increased risk of higher price gains becoming entrenched, as it slashed its growth forecasts for 2022 and 2023. The central bank now expects Read more

Business

U.S. rate futures lift chances of 100-bps hike in July Fed meeting after hot CPI data

July 18, 2022 cholstronet

Futures on the federal funds rate have increased the chances of a full percentage-point hike at the Federal Reserve meeting later this month after a hotter-than-expected U.S. annual inflation print. The Labor Department’s report showed the Consumer Price Index (CPI) Read more

Business

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