Canada’s central bank will probably promote from within to replace Tiff Macklem, who said yesterday he will quit as senior deputy governor seven months after being passed over for the top job, economists said.
Blackstone Group LP plans to file for an initial public offering of its La Quinta Inns & Suites hotel chain rather than sell the company on the private market, according to people with knowledge of the firm’s thinking.
Bank of Canada Deputy Governor John Murray said that even though currencies and other assets have periods where they overshoot fundamental values, the relationship between exchange rates and retail prices is working as it should.
Bank of Canada Deputy Governor John Murray said investor reaction to comments about tapering of monetary stimulus by the U.S. Federal Reserve may have been overdone because there are signs the process will be smooth.
Bank of Canada Deputy Governor John Murray said it’s a misconception that policy makers must maintain interest rates at a “neutral” level when inflation is near the central bank’s target and the economy is close to full output.
Shippers, traders and researchers monitoring global vessel traffic in the past six months might have seen an imaginary U.S. ferry sail to North Korea, a tugboat go from the Mississippi River to a Dallas lake in two minutes and the path of a fake Italian yacht spelling out PWNED -- hacker slang for “defeated.”
Independent actions by developed and emerging countries have failed to maximize global economic growth, Bank of Canada Deputy Governor John Murray said, making reference to a Beatles song to suggest a way forward.