21:51:09
Bank of Canada: To make current wage growth consistent with the 2% inflation target, productivity growth needs to increase significantly.
21:50:59
Bank of Canada: Risks to inflation outlook are balanced, with more focus on upside risks.
21:50:38
Bank of Canada: Raised its GDP growth forecast for 2024 to 1.5%, from the previous estimate of 0.8%.
21:50:00
The monthly rate of US wholesale sales for February will be released in ten minutes.
21:49:55
Bank of Canada: Population growth, government spending and export strength lead to upward revisions to economic growth expectations.
21:49:38
Bank of Canada: Indicators show wage growth has fallen to 3.5% to 4.5%.
21:49:23
Bank of Canada Governor Macklem: Housing cost inflation remains very high and prices of some other services remain high.
21:49:06
Bank of Canada Governor Macklem: Monetary policy is working and economic growth momentum is strengthening.
21:48:47
Bank of Canada Governor Macklem: CPI is likely to remain around 3% in the coming months due to rising gasoline prices.
21:48:22
Bank of Canada: CPI is expected to be close to 3% in the first half of 2024, fall below 2.5% in the second half of the year, and reach the target of 2% in 2025.
21:48:05
The Bank of Canada reiterated its focus on the supply-demand balance, inflation expectations, wage growth and business pricing behavior.
21:47:44
Bank of Canada: Will closely monitor whether downward momentum continues, with particular attention to the development of core inflation.
21:47:24
Bank of Canada: While inflation remains too high and risks remain, CPI and core inflation have slowed further in recent months.
21:46:54
Bank of Canada: Raised GDP growth forecast for 2024 to 0.5% due to exports and consumption.
21:46:01
Bank of Canada: Raise the neutral interest rate range by 25 basis points to 2.25%-3.25%.
21:45:54
The U.S. dollar against the Canadian dollar USD/CAD fell slightly in the short term and is now at 1.3654.
21:45:43
Bank of Canada: Inflation is in line with our needs, but we would like to see a longer-term downward trend.
21:45:22
The Bank of Canada lowered its CPI forecast for 2024 from 2.8% to 2.6%; CPI is expected to be 2.2% in 2025.
21:45:06
[Bank of Canada keeps interest rate unchanged as expected] The Bank of Canada kept its policy interest rate unchanged at 5% for the sixth time, in line with market expectations.
21:40:10
Switzerland to invite more than 100 countries to Ukraine peace conference
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