The Bank of Canada is sticking with its trend-setting interest rate, but it’s sending out fresh, yet cautious, warnings that increases are likely on the way.
The central bank has now left its rate locked at one per cent for two straight policy announcements after the strengthening economy prompted it to raise it twice in the summer.
The bank is pointing to several positives that could support another increase in the coming months, such as encouraging job and wage growth, sturdy business investment and the resilience of consumer spending despite heavy debt loads and higher borrowing costs.
OBJ360 (Sponsored)
What we do Proud To Be Me is dedicated to empowering youth by providing Buddy Bench and mural programs, grants, and workshop development opportunities. We focus on building self-esteem, resilience,
The changing landscape of termination clauses: What employers need to know
An annual review of your company’s termination clause might seem like an afterthought in the day-to-day running of a business, but it could save thousands of dollars and many headaches.Â
It also says the economic benefits from government infrastructure investments are becoming increasingly evident in the economic data.
But on the other hand, the bank says exports have slipped more than expected in recent months after a powerful start to the year and it notes that the international outlook faces considerable uncertainty mostly due to geopolitical- and trade-related factors.
Moving forward, the bank says it will remain cautious and that it will be influenced by incoming economic data such as wage growth, employment, the evolution of Canada’s economic capacity and how the economy reacts to higher interest rates.
