Canadian Interest Rates
The slump in energy shares led Canada’s S&P/TSX Composite Index down 1.6 percent. The Bank of Canada raised its key interest rate from a record low today, the first Group of Seven central bank to do so since last year’s global recession, and said further moves will be “weighed carefully” against future growth in Canada and elsewhere. The Bank of Canada raised the rate to 0.5 percent from 0.25 percent, as predicted by 25 of 27 economists surveyed by Bloomberg News.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment