The year’s best-performing major currency got even stronger Wednesday after its central bank signaled that rate hikes may be coming sooner than previously thought. It may prove to be the rally’s final act.
Consumer price pressures are going to get worse before they get better – and households may be facing higher borrowing costs sooner rather than later.
Edward Rogers will have his day in court next Monday, when the B.C. Supreme Court will hear the case pitting him against his family and incumbent directors in a power struggle that’s led to two boards of directors claiming to be overseeing Canada’s largest wireless operator.
The number of working hours lost due to the COVID-19 crisis will be “significantly higher” than projected just a few months ago, according to the International Labor Organization.
The Bank of Canada ended its bond-buying stimulus program and accelerated the potential timing of future interest rate increases amid worries that supply disruptions are driving up inflation.
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