Interest Rates
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Bank of Canada holds rates at 2.25% as Iran war risks future hikesGovernor Tiff Macklem at the Bank of Canada warned that interest rates may need to rise if the war in Iran leads to persistent inflation in Canada.EconomyJul 15
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U.S. Fed holds interest rate again in 1st move under new chairThe U.S. Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year.U.S. NewsJun 17
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Canada’s economy is weak, but ‘not clearly in recession,’ Macklem saysGovernor Tiff Macklem at the Bank of Canada said Wednesday that the economy is weak, but "not clearly in recession" after the central bank left interest rates unchanged.EconomyJun 10
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As consumers struggle, should the Bank of Canada hike, hold or cut rates?Several economists believe the Bank of Canada is more likely to raise borrowing rates in the coming months than provide a cut.EconomyJun 8
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Kevin Warsh sworn in as U.S. Fed chair facing inflation, policy pressuresTrump said he wanted Warsh to be 'fully independent' in his new role, but also urged him to recognize that 'growth does not mean inflation.'U.S. NewsMay 22
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Powell says he’ll stay at U.S. Fed after divided board holds interest rateJerome Powell plans to remain on the board of the U.S. Federal Reserve after his term as chair ends next month, citing 'unprecedented' legal attacks by the Trump administrationU.S. NewsApr 29
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Soaring oil prices might force ‘consecutive’ rate hikes, Macklem warnsCanada’s inflation rate inched higher to 2.4 per cent in March, compared with 1.8 per cent in February, led largely by fuel costs amid the Iran war.EconomyApr 29
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Is the pain of the K-shape economy bleeding into the middle class?Canada's middle class appears to be struggling, with new data showing more are taking on debt as financial pain bleeds out into broader sections of the economy.ConsumerMar 19
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U.S. Fed holds interest rates again as Iran war creates inflation worriesIn a statement announcing the 3.6% rate hold, the central bank said that the 'implications of developments in the Middle East for the U.S. economy are uncertain.'U.S. NewsMar 18
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Bank of Canada holds interest rates as Iran war rattles global economiesThe Bank of Canada held its benchmark lending rate at 2.25 per cent, but Governor Tiff Macklem is keeping an eye on how the Iran war could impact Canada's economy.EconomyMar 18
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