Canada’s annual inflation rate slowed for a second month in July as the impact of provincial sales tax increases faded and mortgage interest costs declined.
Federal Reserve Chairman Ben S. Bernanke has taken a page from Bank of Canada Governor Mark Carney’s stimulus playbook by choosing to specify a date for his pledge to keep borrowing costs low.
Canadian retail sales unexpectedly fell in July as consumers cut purchases of furniture, appliances and electronics.
China, the biggest brake on global inflation for two decades, is embracing wage increases that threaten to erode retailers’ margins and demand for bonds.
Investors and most economists are forecasting the U.S. Federal Reserve will increase rates sooner than history would suggest.
Canadian employers unexpectedly cut positions in September, and the unemployment rate fell as people left the workforce.
"It's giving them more credibility to say that they have more power to do it if necessary."
- Rudy Narvas on Oct 17, 2011