The head of Canada’s central bank acknowledged the country’s economy is struggling but said conditions do not clearly meet the bar for a recession, a distinction...
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Category: Global Economy
Bank of Canada holds interest rate as global uncertainty clouds outlook
The Bank of Canada issued its latest interest rate decision, keeping markets and borrowers focused on how Canada’s central bank is navigating slowing growth and persistent...
Three Major Central Banks Tighten at Once, Raising Pressure on Global Markets
The Federal Reserve, the European Central Bank, and the Bank of Japan are all moving toward tighter monetary policy at the same time — a rare...
Global Rate-Hike Bets Strengthen as Jobs and Inflation Data Surprise
Fresh labor market and inflation data across major economies are reinforcing expectations that central banks have more work to do, pushing market bets toward additional interest...