OTTAWA -The Bank of Canada on Tuesday said recent volatility in headline inflation is not unusual but the underlying trend shown by core measures was inconsistent with bringing inflation down to the 2% target. Earlier on Tuesday, August inflation figures showed a jump in the headline number to 4.0% from 3.3% in July - higher than most analysts had forecast - on rising gasoline prices.
"Ups and downs of the size we've seen in the past couple of months are not that unusual," Deputy Governor Sharon Kozicki said in a speech at the University of Regina in Saskatchewan.To retire a millionaire, you can either invest in high-growth stocks with high risk for a decade or grow rich slowly over 25 years. The post Want $1 Million in Retirement? Invest $50,000 in These 3 Stocks and Wait a Decade appeared first on The Motley Fool Canada.
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:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sixth Street-led consortium in exclusive talks to buy Goldman's GreenSky-sourceBy Saeed Azhar, Greg Roumeliotis and Shubhendu Deshmukh (Reuters) - A consortium led by investment firm Sixth Street Partners has entered exclusive ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Goldman Sachs CEO David Solomon has board's support: Mike MayoDespite speculation from the media about his status, Goldman Sachs CEO David Solomon (GS) isn't going anywhere, according to Wells Fargo Securities Head of U.S. Large-Cap Bank Research Mike Mayo. Following a conversation with Goldman Sachs' lead director Adebayo Ogunlesi, Mayo wrote a note that stated Goldman's CEO is staying, 'no ifs, ands, or buts.' Mayo tells Yahoo Finance Live that when he asked Ogunlesi about Solomon's status, Ogunlesi responded by asking Mayo why he was asking the question. Mayo reports that Ogunlesi then pointed to the company's results, execution, and strategy as reasons why he's not questioning Solomon's status. When it comes to concerns about the bank's reputation, Mayo says Ogunlesi stated that the company's reputation with clients 'remains strong.' Based on the meeting, Mayo says this 'puts a fork in... the CEO issue, or what turns out to be a non-issue.' 'People have been talking in terms of days or moths, but really the question is a matter of years,' Mayo says. Mayo adds that the board is 'super focused' on execution, with succession lower on the priority list. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »