Economy

Bank of England keeps rate at 0.5% amid Brexit uncertainty

The Bank of England has kept interest rates on hold amid conflicting signals on the economy and Brexit uncertainty. Policymakers voted 6-3 to keep the main rate at 0.5% as economists looked to their August meeting, when the next set of quarterly forecasts are published. Policymakers face a dilemma on the timing of the next […]

By The Associated Press |June 21, 2018

2 min read

Wholesale sales rose 0.1% in April: Statistics Canada

Statistics Canada says wholesale sales gained 0.1% to $63.1 billion in April. The small increase came as gains in machinery, equipment and supplies and the food, beverage and tobacco subsectors were offset by a drop in the motor vehicle and parts subsector. The agency says wholesale sales in volume terms were unchanged. Sales were up […]

By Staff, with files from The Canadian Press |June 21, 2018

1 min read

As tariff retaliations heat up, National Bank reconsiders investing strategy

"It’s getting a lot more complicated on the geopolitical front," the bank says

By Staff, with files from The Associated Press |June 20, 2018

2 min read

Fed chair signals gradual rate hikes in tame inflation era

The U.S. Federal Reserve will likely keep raising short-term interest rates at only a gradual pace, Fed chair Jerome Powell said Wednesday, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said that, with the unemployment rate at an 18-year […]

By Christopher Rugaber, The Associated Press |June 20, 2018

3 min read