Bank of Canada says more evidence needed to know if rates are high enough

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

'We'll still need more evidence to fully assess whether monetary policy is restrictive enough to return inflation to 2%,' senior deputy governor Carolyn Rogers said

Yahoo Finance Live discusses Bing reaching 100 million daily active users after Microsoft released it's ChatGPT integrated features.TORONTO — The value of the loonie hit a four-month low compared with the U.S. dollar on Wednesday, but some experts say Canadian consumers shouldn't expect their wallets to take a major hit. The Canadian dollar traded at 72.54 U.S. cents on Wednesday, the lowest it has been since October.

THE BATTLE FOR BEST PICTURE: Inexplicably, one of the biggest films from last year is a bit of an underdog at this week’s Oscars despite a handful of nominations. According to Adam White, it really ought to be leading the packTORONTO — Canadians are on average making fewer grocery store runs as food inflation persists, but still spending roughly the same amount per trip, according to a report Thursday by RBC.

OTTAWA — Canada faces its own set of economic challenges and its central bank is setting interest rates accordingly, Carolyn Rogers said as the Bank of Canada and U.S. Federal Reserve appear to be charting different paths. In a speech in Winnipeg Thursday, the Bank of Canada's senior deputy governor touted the advantage of having an independent monetary policy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines