Speaking at the bank's investor day in Santiago, Chile, Jean Francois Perrault says he feels the odds of a Canadian recession are being exaggerated.
It’s almost a damned-if-you-do, damned-if-you don’t scenario that the Bank of Canada is shining a light on in Wednesday’s rate decision and Monetary Policy Report.
Huge changes in the world of work are having too little impact on the job expectations of young people, according to a report presented at the World Economic Forum in Davos by the Paris-based organization.
While the Ottawa-based central bank kept its policy rate unchanged at 1.75 per cent for a 10th-straight decision, it acknowledged the domestic weakness at the end of last year is already spilling over into 2020, and could even persist.
Energy prices in December were up 5.5 per cent compared with a year ago, while gasoline prices were up 7.4 per cent compared with December 2018, when crude oil prices fell amid a global oversupply.
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