Economy

Rate cuts have miles to go before BoC sleeps Rate cuts have miles to go before BoC sleeps

Policy

Rate cuts have miles to go before BoC sleeps

Despite initial cut, monetary policy remains restrictive, and economy faces other headwinds

By James Langton |June 20, 2024

2 min read

U.S. jobless claims fall to 238,000 from 10-month high U.S. jobless claims fall to 238,000 from 10-month high

Economic Indicators

U.S. jobless claims fall to 238,000 from 10-month high

Weekly unemployment claims — a proxy for layoffs — remain at low levels by historical standards

By Paul Wiseman, The Associated Press |June 20, 2024

2 min read

Bank of England keeps main interest rate at 16-year high of 5.25% Bank of England keeps main interest rate at 16-year high of 5.25%

Economic Indicators

Bank of England keeps main interest rate at 16-year high of 5.25%

The central bank kept its rate steady even though inflation has fallen to its 2% target

By Pan Pylas, The Associated Press |June 20, 2024

3 min read

MPs hit summer campaign circuit as election year looms MPs hit summer campaign circuit as election year looms

Economic Indicators

MPs hit summer campaign circuit as election year looms

The next time MPs take their seats will be Sept. 16

By Mia Rabson, The Canadian Press |June 20, 2024

4 min read

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