EY Senior Economist: ‘Stage Is Set’ For Rate Cuts
A senior economist expects multiple cuts in the federal funds rate (the rate banks pay that ripple out to consumer interest rates on everything from credit cards to mortgages) before …
Economists
Bank of Canada cuts key interest rate for 2nd consecutive time, to 4.5%
The Bank of Canada cut its key interest rate to 4.5 per cent on Wednesday, a move that was widely expected by economists after inflation eased in June. The decision marks …
US election 2024: Trump plans to ‘reignite’ inflation, warn Nobel Prize-winning economists
Sixteen Nobel Prize-winning economists signed a letter on Tuesday warning that the US and world economy will suffer if Republican presidential candidate Donald Trump wins the US presidential election in …
The Bank of Canada’s growing list of worries
For months, the Bank of Canada has been trying to thread a needle: slow the economy just enough to get inflation back under control but not so much that it causes …
Stressed at work? Anxious about the wider world? You might be part of ‘The Great Exhaustion’
Cost of Living76:40:00The Great Exhaustion For years, Sabrina Royal worked with one of Canada’s big banks. She worked her way up from an entry-level job to a management position. But …
Canada unexpectedly added 90,000 jobs in April, though unemployment stayed flat at 6.1%
The Canadian economy gained 90,000 jobs in April, much higher than the average of 20,000 jobs many economists were predicting for the latest Labour Force Survey numbers from Statistics Canada. …
U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting
The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have …
Some consumers, businesses are feeling more optimistic about the economy, say BoC surveys
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central …
Canada’s need to improve productivity has reached emergency level, says Bank of Canada official
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a …
Services inflation to stay muted for now
New Delhi: India’s services inflation may remain muted for next few months and will witness a pickup in second half only, economists said, thus helping curb core inflation. “There may …