What exactly is the case for more interest rate hikes when the annual trend in nominal GDP has wound all the way down to 0%? Read more.
Canadian economy unexpectedly dipped
into contraction in the second quarter, at a 0.2 per cent annual rate instead of expanding at a 1.2 per cent pace as the consensus had expected. The momentum into the third quarter is equally dreary as June real gross domestic product came in at minus 0.2 per cent and the July “flash” estimate from Statistics Canada was as flat as a beavertail.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
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Belgium raises record 22 billion euros from savers in 'clear signal' for higher bank ratesBelgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete with bank deposits, a sign of growing popularity for government debt as discontent grows with lenders failing to keep up with surging interest rates. It marks the biggest funding drive from households in Belgium's history and is likely Europe's biggest retail bond sale, the country's debt agency said on Monday. Equivalent to around 5% of Belgian deposits, it eclipses the 5.7 billion euros raised from savers at the height of the euro zone debt crisis in 2011 and beats the 18 billion euros Italy raised from savers earlier this year.
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No need for the Bank of Canada to raise rates again: CIBCBank of Canada does not need to raise its interest rate again but it might anyway. Watch CIBC economist Benjamin Tal on the economy
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Belgium raises record 22 billion euros from savers in 'clear signal' for higher bank ratesBy Yoruk Bahceli BRUSSELS (Reuters) - Belgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete with ...
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No need for the Bank of Canada to raise rates again: CIBCBank of Canada does not need to raise its interest rate again but it might anyway. Watch CIBC economist Benjamin Tal on the economy
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Bank of Israel holds interest rates, eyes turn to possible end of governor's tenureBy Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel left interest rates unchanged on Monday citing signs inflation is easing, but ...
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Ontario Premier Doug Ford calls on Bank of Canada to halt rising interest ratesFord says instead of higher interest rates, he wants the federal government to work with provinces and territories to invest in critical infrastructure projects that will create higher-paying jobs and improve the production of goods and services.
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