Tag: Canada
More inflation data causes rate surges again among top banks
The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. With this third major policy rate increase...
Struggling UK sales figures, Canadian trade on the upside
Per the Australian Bureau of Statistics hours worked decreased by 0.6 million hours (less than 0.1%) in seasonally adjusted terms between August and September 2022, and employment increased by 900 people (less than 0.1%). Throughout the pandemic, the hours worked series shows larger short-term changes compared to the employed series, given that employees may have been away from paid work for a short period without losing their job.
Inflation pushing down growth in US, Canada
According to Statistics Canada Real gross domestic product (GDP) edged up 0.1% in July, after a similar increase in June (+0.1%). Growth in goods-producing...
Inflation causes worry, ECB and others to raise rates
The Bank of Canada increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at...
ECB to join rate hiking believers club amidst inflation woes
The Governing Council decided to raise the three key ECB interest rates by 50 basis points
Australia raises rates, ECB inflation woes continue.
The Board of the Reserve Bank of Australia decided to increase the cash rate target by 50 basis points to 1.35 per cent. It...
Major markets increase rates due to inflation fears
Per the US Bureau of Labor Statistics the Total nonfarm payroll employment increased by 428,000 in April, and the...
Inflation is still a main worry for large economies
Per the released ECB Monetary policy decisions the monthly net purchases under the APP will amount to €40 billion...
Job numbers in US, Canada slowly getting better. EU numbers revised down
In Canada total employment rose by 73,000 (+0.4%) in March, driven by an increase of 93,000 (+0.6%) in full-time work. In the six months...
Major economies start to grapple inflation as tapering seems imminent
Per the FED press release from March the 16th, The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent...
