The Bank of Canada (BoC) on Tuesday said businesses urgently needed to boost investment to increase productivity, saying this would help insulate the economy...
OTTAWA, March 26 - The Bank of Canada on Tuesday said businesses urgently needed to boost investment to increase productivity, saying this would help insulate the economy against the threat of inflation.
"Increasing productivity is a way to protect our economy from future bouts of inflation without having to rely so much on the cure of higher interest rates."The Bank of Canada has raised rates to a 22-year high and says it is still too early to discuss when they might start coming down. Rogers did not mention a potential time line for rate cuts.
"What really sticks out is how much we lag on investment in machinery, equipment and, importantly, intellectual property," she said. Krispy Kreme has been aiming to open its outlets in at least 75,000 points of access such as quick-service restaurants and grocery stores around the world through a hub-and-spoke model. The partnership comes at a time when McDonald's has struggled with weak overseas demand at its restaurants as a result of boycott campaigns against the burger giant in some international markets in connection with the Israel-Hamas conflict, as well as tough macro economic conditions in China.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labour market gains 41K jobs in Canada, supports Bank of Canada holding rates for longerStatistics Canada said February's increase in the labour market was driven by a rise in full-time work.
Read more »
National Bank Crushes Estimates, Extends Lead Over Canada RivalsShares of National Bank of Canada touched a record intraday high after the lender reported fiscal first-quarter earnings that beat forecasts and wowed analysts.
Read more »
Bank of Canada expected to hold interest rates this weekThe Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months.
Read more »
Ontario premier calls on Bank of Canada to start lowering interest ratesOntario Premier Doug Ford says the people “need a break” from high interest rates, a day before the Bank of Canada announcement.
Read more »
'It's still too early': Bank of Canada holds benchmark rate, reiterates risk to inflation outlookThe decision marks the fifth time that the central bank has held its key rate at 5 per cent.
Read more »
CIB and First Nations Bank of Canada announce $100 million loan participation agreementCanada's construction news
Read more »