Page 17 - Avery Shenfeld News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Analysts expect the central bank will keep its benchmark interest rate at 5 per cent Wednesday

(Bloomberg) -- A surprise second-quarter contraction and a flat growth estimate for July suggests that the Bank of Canada has probably done enough to bring inflation to heel. Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneSaola Weakens After Bringing ‘Destructive’ Winds to Hong KongSingapore Picks Tharman as President in Ruling Party BoostTesla Refreshes Model 3 and Slashes Prices of Top-End CarsEurope's Biggest Oil Company Quietly Shelves a Radical Pl

The Bank of Canada is likely to place more weight on the weakening state of the labor market in its coming rate decisions, opening the door to cuts early next…

(Bloomberg) -- The Bank of Canada is likely to place more weight on the weakening state of the labor market in its coming rate decisions, opening the door to cuts early next year, according to economists at CIBC.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBonds Climb on Weak Data as US Jobs Revisions Loom: Markets Wr

Even if Canada dodges a recession, look for higher interest rates for longer and stalled growth, says economist. Read more