The United Auto Workers union on Wednesday made a labour contract counterproposal on economic issues to Ford Motor, while Chrysler parent company Stellantis planned its counteroffer this week.After the Bank of Canada held its key interest rate at five per cent, an economist says that inflation will be the key factor in determining whether more rate hikes are coming, and warns that a recession is a real possibility.
Citing the easing of 'excess demand,' Bank of Canada reveals its latest decision on the key interest rate The Bank of Canada decided to hold its key interest rate steady on Wednesday amid mounting evidence the economy is slowing, but the central bank isn't declaring victory yet as it remains cautious to not fuel speculation about rate cuts.The start of the new school year is in full swing and students at teachers are getting back into the groove of the new semester. One local teacher has a new sidekick in her classroom. Ms. Jadyn Means is a third-grade teacher in Broken Arrow.
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:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada to announce interest rate decision this morningOTTAWA — The Bank of Canada is set to announce its interest rate decision this morning as forecasters widely anticipate the central bank will hold its key lending rate steady. Canada's inflation rate ticked up to 3.3 per cent in July year-over-year, but economists say cracks emerging in the economy will likely sway the central bank against further rate hikes. Statistics Canada reported last week real gross domestic product contracted in the second quarter. Meanwhile, the unemployment rate has be
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Posthaste: Why Bank of Canada rate hikes might really be over this timeBank of Canada interest rates may have peaked after GDP data showed economic growth had slowed more than expected. Read more
Source: fpinvesting - 🏆 43. / 63 Read more »
Ontario Premier Doug Ford asks Bank of Canada to halt rate hikesA second provincial premier is making a direct appeal to the Bank of Canada to stop raising interest rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Posthaste: Why Bank of Canada rate hikes might really be over this timeBank of Canada interest rates may have peaked after GDP data showed economic growth had slowed more than expected. Read more
Source: financialpost - 🏆 7. / 85 Read more »
What are economists expecting from Wednesday’s Bank of Canada rate decision?Economists are calling for the Bank of Canada to hit pause on interest rate hikes this week as the economy shows signs of overall cooling.
Source: BNNBloomberg - 🏆 83. / 50 Read more »