22:05:27
Bank of Canada: Annualized GDP is expected to be 0.8% in the third quarter (1.5% in July) and 0.8% in the fourth quarter.
22:05:11
Bank of Canada: Overall, progress toward lower inflation has been slower than expected.
22:04:50
Bank of Canada: Inflation expectations remain high in the short term, and there is a risk that they may become a driver of wage and price setting behavior.
22:04:38
Bank of Canada: Growth forecasts are 1.2% in 2023 (1.8% in July), 0.9% in 2024 (1.2% in July), and 2.5% in 2025 (2.4% in July).
22:03:41
Bank of Canada: The central bank continues to remain vigilant as underlying inflation persists; the Palestinian-Israeli conflict is a new source of geopolitical uncertainty.
22:03:23
Bank of Canada: Continue to focus on supply and demand balance, inflation expectations, wage growth and corporate pricing behavior.
22:03:12
Bank of Canada: High interest rates are slowing inflation for many goods people buy on credit, and this is spreading to services.
22:03:11
Market news: Apple will increase the price of TV+ service from US$6.99 to US$9.99 per month.
22:02:39
Bank of Canada: Expected annualized GDP growth in the third and fourth quarters to be 0.8%.
22:02:30
Bank of Canada: CPI expectations and corporate pricing behavior will "gradually" return to normal in the short term.
22:02:20
Bank of Canada: There is growing evidence that past interest rate hikes are suppressing economic activity and easing price pressures.
22:02:00
Bank of Canada: Will further increase policy rates if necessary.
22:01:42
Bank of Canada: Food inflation has eased, housing costs remain high.
22:01:37
Bank of Canada: Inflation has been “volatile” in recent months.
22:01:29
Bank of Canada: The economy will shift from excess demand to moderate spare capacity in the fourth quarter.
22:01:19
Bank of Canada: Economic growth is expected to be 1.2% in 2023 and 0.9% in 2024.
22:01:01
Bank of Canada: Economic growth is expected to remain weak until the end of 2024.
22:00:52
Bank of Canada: Employment growth lags behind population growth.
22:00:43
Bank of Canada: Consumption "has been subdued."
22:00:39
The Bank of Canada kept interest rates unchanged, and the Canadian dollar has little short-term fluctuations.