Coordination among the world's largest central banks is nearly impossible, according to one fund manager, due to each of the three major global economic zones facing different circumstances.
As sky-high inflation and supply chain bottlenecks put pressure on the zero-emissions vehicle industry and getting infrastructure built to accelerate adoption, the Canada Infrastructure Bank (CIB) is looking to fill that "uncertainty gap."
The market whiplash continues this morning. Initially, the focus was the debt market, where the U.S. 10-year treasury yield climbed above four per cent for the first time since 2008 thanks to those persistent rate-hike/recession fears.
A tight labour market and elevated savings during the pandemic will cushion the impact of a recession on Canadians, says a new report from Deloitte.
The Bank of England said it would buy long-dated UK government bonds in whatever quantities were needed to restore order to the market, sending gilts surging as the central bank launched its biggest response yet to the fallout from Prime Minister Liz Truss’s historic tax-cutting plan.
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