Investors are ditching bets that the Bank of Canada will cut interest rates over...
TORONTO - Investors are ditching bets that the Bank of Canada will cut interest rates over the coming months as the domestic economy shows resilience and the federal election result adds to prospects of growth-boosting fiscal spending next year.
“The resulting higher spending and larger deficits may give a temporary lift to growth next year, but will also likely keep the Bank of Canada on hold for longer,” said Doug Porter, chief economist at BMO Capital Markets. The Bank of Canada has left its benchmark interest rate on hold this year as Canada added jobs at a robust pace and inflation stayed close to the central bank’s 2% target.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Canada set to elect Parliament in vote seen as threat to TrudeauCanadians are electing a new Parliament on Monday after a tight election campaign that has raised the threat of PM Trudeau being knocked from power after one term.
Leer más »
Germany's economy may have already slumped into recession, its central bank says - Business Insider'German economic output could have decreased slightly in the third quarter of 2019,' after contracting 0.1% in the spring, the Bundesbank said.
Leer más »
Bank Of America expands zero-commission stock tradingBank Of America said on Monday it would expand its zero-dollar online trading to...
Leer más »
Italy's biggest bank wants to become less ItalianThe chief executive of UniCredit has a plan to revive his company's ailing ...
Leer más »
Canada votes as Trudeau, his 'sunny ways' dimmed by scandals, seeks to retain powerCanadians began voting on Monday to determine whether Prime Minister Justin Trud...
Leer más »