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Bank of Canada"s Poloz Vows Rate Rises to Be "Data Dependent"

Bank of Canada Gov. Stephen Poloz said the benchmark interest rate will need to move upward but the pace of future increases “will remain decidedly data dependent” given global risks and lower energy prices......»»

Category: topSource: wsjDec 6th, 2018

Wall Street rises after strong May jobs data

(Reuters) - U.S. stocks rose on Friday led by bank stocks as a stronger-than-expected jobs report for May locked in expectations of an interest rate hike by the Federal Reserve this month......»»

Category: topSource: reutersJun 1st, 2018

Bank of Canada caught between rate hike and trade war

OTTAWA (Reuters) - Bank of Canada Governor Stephen Poloz is under pressure to justify another rate hike or risk credibility by changing course, with a clear-cut case for higher rates endangered by a raging trade war with the United States......»»

Category: topSource: reutersJun 25th, 2018

USD/CAD (CAD=X) on the Offensive

USD/CAD (CAD=X) on the Offensive Canadian dollar at C$1.3266, or 75.38 U.S. cents Chance of Bank of Canada July rate hike rises to 65 pct Price of U.S. oil .....»»

Category: topSource: livetradingnewsJun 28th, 2018

Bank of Canada Raises Key Interest Rate To 1.50%

he Bank of Canada on Wednesday raised its benchmark interest rate by a quarter of a percentage point to 1.50% in response to solid economic data and expectations that exports and business investment will continue to grow......»»

Category: smallbizSource: wsjJul 11th, 2018

Bank of Canada Hikes Rates By 25bps, Loonie Rises On Hawkish Take

The Bank of Canada raised the overnight rate by 25bps to 1.5%, in line with consensus estimates. In justif.....»»

Category: dealsSource: nytJul 11th, 2018

Traders boost Canada interest rate bets as trade deal clips threat to economy

Investors are raising bets for as many as four additional interest rate increases from the Bank of Canada by the end of 2019 after a deal to save the trilateral NAFTA trade pact reduced uncertainty for Canada's trade-dependent economy......»»

Category: topSource: reutersOct 1st, 2018

Canada Inflation Decelerates on Slump in Gasoline Prices

Canada’s annual inflation rate decelerated sharply in November on lower gasoline prices. The pullback on price increases likely gives the Bank of Canada further reason to hold off on further rate rises in the immediate future......»»

Category: topSource: wsjDec 20th, 2018

Fed"s Williams says rate policy must be patient, data dependent

The U.S. Federal Reserve must be patient and guided by data when considering whether to raise interest rates, New York Fed President John Williams said on Friday, in remarks reinforcing the central bank's commitment to a wait-and-see approach......»»

Category: topSource: reutersJan 18th, 2019

Trader: The Fed Could Set Off A Stock Meltdown Today

With the Fed set to announce its rate decision in under 6 hours, markets are confident that the non-data dependent Fed will cut rates by the end of 2019, despite continued strength in GDP and payrolls, in line .....»»

Category: blogSource: zerohedgeMay 1st, 2019

Canadian Dollar: USD/CAD (CAD=X) Bank of Canada Governor Poloz Speech

Canadian Dollar: USD/CAD (CAD=X) Bank of Canada Governor Poloz Speech The market will be closely watching the Bank of Canada Governor Stephen Poloz’s comments regarding his market expectations. His view may help the market participants to pr.....»»

Category: topSource: livetradingnewsApr 1st, 2019

Fed rate cut seen nearer as yield curves invert

The Federal Reserve’s stunning about-face on rate increases along with weak economic data has left a key part of the U.S. Treasury yield curve close to levels at which the U.S. central bank has in the past been prompted to cut rates......»»

Category: topSource: reutersMar 25th, 2019

NC unemployment rate rises again in February

North Carolina’s unemployment rate rose slightly in February to 3.9%, up 0.1 of a percentage point from January’s revised rate, according to data from the state Department of Commerce. There are 4.8 million people working in North Carolina, u.....»»

Category: topSource: bizjournalsMar 25th, 2019

Wall Street rises after tame inflation supports patient Fed; Boeing drags Dow

U.S. stocks rose on Tuesday after tame inflation data supported the Federal Reserve's dovish stance on future rate hikes, but Boeing's fall for a second straight day in a row pressured the Dow......»»

Category: topSource: reutersMar 12th, 2019

North Carolina unemployment rises slightly in January

North Carolina’s unemployment rose slightly in January to 3.8 percent, but the state’s economy also added more jobs during the month, according to data released March 11 by the state Department of Commerce. The December unemployment rate was 3.7 p.....»»

Category: topSource: bizjournalsMar 12th, 2019

London Markets: FTSE 100 rises, as pound falls on BOE rate-hike doubts

U.K. stocks advanced Friday, aided by a drop in the pound’s value after Bank of England Governor Mark Carney suggested that an interest-rate increase may not take place as soon as next month......»»

Category: topSource: marketwatchApr 20th, 2018

Bank of Canada"s Poloz: Recovering From Nafta Uncertainty Could Take Time

Canada’s business investment and exports have suffered on trade policy uncertainty and may not immediately recover once talks on the North American Free Trade Agreement conclude, Bank of Canada Gov. Stephen Poloz says......»»

Category: smallbizSource: wsjApr 18th, 2018

Currencies: Dollar claws back ground after Beige Book; Canadian dollar sells off after BOC decision

The U.S. dollar edges slightly higher against its main rivals on Wednesday as the British pound falls from a new post-Brexit high on disappointing inflation data, and the Canadian dollar slips as the Bank of Canada left rates unchanged......»»

Category: topSource: marketwatchApr 18th, 2018

May rate rise less certain after UK inflation cools

British inflation unexpectedly cooled to a one-year low in March, raising some doubts over bets the Bank of England will raise interest rates in May. As Laura Frykberg reports, the data sent sterling tumbling......»»

Category: videoSource: reutersApr 18th, 2018

Bank of Canada Holds Key Rate Steady at 1.25%

Canada’s central bank held its benchmark interest rate steady as it warned that rising geopolitical and trade conflicts risk undermining global growth......»»

Category: topSource: wsjApr 18th, 2018

Currencies: Dollar strengthens but off its highest levels; Canadian dollar sells off after BOC decision

The U.S. dollar edges slightly higher against its main rivals on Wednesday as the British pound falls from a new post-Brexit high on disappointing inflation data, and the Canadian dollar slips as the Bank of Canada left rates unchanged......»»

Category: topSource: marketwatchApr 18th, 2018