canada central bank keeps key lending rate at 1 pct
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Canada central bank keeps key lending rate at 1 pct

Arab Today, arab today

Arab Today, arab today Canada central bank keeps key lending rate at 1 pct

Canada's central bank
Ottawa - Arab Today

Canada's central bank on Wednesday maintained its key lending rate at one percent, saying it expects an uptick in the economy to moderate as the year comes to an end.

Job creation, consumer spending and business investment have been strong in 2017, but there is "considerable uncertainty" in geopolitics and trade policies that could negatively impact growth, it said.

Canada, the United States and Mexico's renegotiation of the North American Free Trade Agreement appears to be headed toward a deadlock.

Meanwhile, the expected launch of Canada-China formal free trade talks during Prime Minister Justin Trudeau's visit to China this week -- in a bid to diversify Canada's export markets -- has so far failed to materialize.

"While higher interest rates will likely be required over time," said Bank of Canada said, "(its) governing council will continue to be cautious, guided by incoming data in assessing the economy's sensitivity to interest rates, the evolution of economic capacity, and the dynamics of both wage growth and inflation."

The central bank noted stronger than expected third quarter results in the United States -- Canada's largest trading partner by far -- but forecast a pullback in the US economy "in the coming months."

Following "exceptionally strong growth" earlier in 2017, Canadian exports declined "by more than was expected" from July to September, the bank said.

Exports are expected to bounce back as foreign demand strengthens, it added.

Home prices, meanwhile, have continued to moderate as the impact of government policies to try to curb skyrocketing real estate costs take effect.

Inflation, however, has been slightly higher than anticipated and will continue to be buoyed by gasoline prices in the short term, the bank concluded.

And despite rising employment, the bank expects continued slack in the labour market.

Source:AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

canada central bank keeps key lending rate at 1 pct canada central bank keeps key lending rate at 1 pct

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

canada central bank keeps key lending rate at 1 pct canada central bank keeps key lending rate at 1 pct

 



GMT 19:51 2017 Wednesday ,01 February

Hariri welcomes Apostolic Nuncio

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 20:02 2013 Wednesday ,18 December

Netherlands evacuates citizens from South Sudan

GMT 07:18 2017 Wednesday ,20 December

K-pop star reveals loneliness in suicide note

GMT 17:31 2017 Wednesday ,22 February

GCC Secretary-General Meets Qatari Ambassador

GMT 14:12 2017 Monday ,20 February

Difficult day for Luis Enrique despite Barca win

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan

GMT 14:16 2017 Friday ,03 February

Trump moves to roll back financial regulation

GMT 08:38 2012 Tuesday ,17 January

Bahrain\'s Bouazzizi

GMT 11:34 2017 Wednesday ,22 February

Turkish Forces Kill 14 ISIS Militants in Northern Syria

GMT 19:39 2016 Thursday ,08 September

8 ceasefire violations reported in Syria

GMT 10:42 2016 Tuesday ,29 November

China puts brakes on overseas spending spree
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday