Tiff Macklem, in his first public appearance as governor of the Bank of Canada, said on Tuesday the bank remains focused on using its policy tools, including low interest rates, to support the Canadian economy's recovery from the COVID-19 pandemic.
FILE PHOTO: Bank of Canada governor designate Tiff Macklem attends a news conference with Canada's Minister of Finance Bill Morneau and current Bank of Canada governor Stephen Poloz on Parliament Hill in Ottawa, Ontario, Canada May 1, 2020. Macklem will replace Poloz when his term ends in June. REUTERS/Blair Gable/File Photo
He also said the central bank would provide an updated outlook for output and inflation at its July 15 rate decision, officially Macklem’s first, suggesting that the bank would again delay detailed forecasts. Macklem also said that while job growth was expected to accelerate across Canada, not all of the some 3 million jobs lost to COVID-19 shutdowns would return.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Swiss National Bank expected to maintain negative rates: Reuters pollThe Swiss National Bank is likely to keep its policy interest rate at minus 0.75% until the end of 2021 at least, according to economists polled by Reuters.
Weiterlesen »
Mexico temporarily forbids workers from going to Canada due to coronavirusMore than 60,000 migrant workers travel to Canada every year for seasonal work in agricultural industries. A temporary ban means that up to 5,000 Mexican workers are currently waiting to come to Canada.
Weiterlesen »
Huawei CFO raises new argument to fight U.S. extradition in Canada courtHuawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition to the United States on bank fraud charges, court documents released on Monday showed.
Weiterlesen »
Exclusive: Israel builds new Jerusalem road that will link settlements as government weighs West Bank annexationConstruction is under way on a major new ring road for Jerusalem that Israeli officials say will benefit all of its residents, but critics of the project say is another obstacle to Palestinian hopes to make East Jerusalem the capital of a future state.
Weiterlesen »
Charles Schwab Bank review: ATM fee refund, no foreign transaction fee - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Here's How to Upgrade Your Home Theater System Without Breaking the BankThese all-in-one sets recreate a movie theater experience from the comfort of your own home
Weiterlesen »