The Bank of Canada should consider the impact a potential recession would have on regular Canadians as it sets monetary policy in response to high inflation, one Canadian labour leader and economist told BNN Bloomberg.
We’re continuing to track the fallout from the Keystone leak as more details emerge on the outage that has knocked the 600,000 barrel per day pipeline offline.
Decades-high inflation and soaring interest rates have led many to take a closer look at their spending habits and, consequently, make some tough choices.
U.S. stock traders took risk off the table at the end of a week that saw recession fears resurface and a hotter-than-estimated inflation reading just a few days before the Federal Reserve decision.
The Bank of Canada said decisions about future interest-rate increases will be guided by incoming economic data, though it’s still ready to move aggressively if needed.
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