The Reserve Bank has today lifted the Official Cash Rate (OCR) to 0.50 per cent. “It is appropriate to continue reducing the level of monetary stimulus so as to maintain […]
Bank of Canada to break sequence of lower terminal rates as governments splurge
TORONTO (Reuters) – With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result […]
Unemployment rate rises to 5.3 per cent – 151,000 out of work
Unemployment rose to 5.3 per cent in the September quarter. In the September 2020 quarter, the seasonally adjusted number of unemployed people rose by 37,000 to reach 151,000, as the […]