Bank of Canada maintains key rate at 1.75 per cent
08 Décembre, 2018, 23:27 | Auteur: Auguste Feret
Looking at the positive side, Poloz says the latest oil-price shock also arrives at a time when Canada's economy is running close to full tilt and the unemployment rate is at a 40-year low. The decision follows the quarter-point increase at the bank's previous policy meeting in October.
The bank raised its benchmark rate, known as the target for the overnight rate, to 1.75 percent level in October, the fifth time since July 2017 that it chose to hike. But its statement was more guarded than the last one in October and cited the possibility that recent negative economic developments may mean the economy isn't running up as much against capacity constraints as previously thought.
"(They) will also factor importantly into our decisions about the future stance of monetary policy", the bank said Wednesday in a statement. Policy-makers stressed the damaging effects of trade disputes on the economy.
The central bank can raise the interest rate to prevent inflation from climbing too high.
The Bank of Canada has estimated it will no longer need to increase the interest rate once it reaches a level of between 2.5 per cent and 3.5 per cent, but Poloz has said this destination range remains "sufficiently uncertain" and could move up or down.
Stephen Poloz, Governor of the Bank of Canada, returns to the Bank of Canada after holding a press conference at the National Press Theatre in Ottawa on Wednesday, Oct. 24, 2018.
Serena confirmed for Australian Open
Nearly all of the world's top 100 men and women's players are also due at Melbourne Park, including Rafael Nadal and Andy Murray. Williams backed out of the 2018 Australian Open, however, due to insufficient preparation time after her pregnancy.
SpaceX Christmas delivery arrives at space station
Three of the space station residents will be on board for Christmas; the other three will return to Earth on December 20. It was a successful take two - just an hour-and-a-half late - after NASA switched to another TDRS (T-driss) satellite.
Economists say they will be closely watching Poloz's speech on Thursday for signs of how events are affecting his view of the path forward.
"We think the odds of a hike at the January 9 meeting, in just a bit more than a month, has fallen significantly".
When it comes to crude, the central bank blamed the steep slide in prices on the combination of geopolitical developments, uncertainty about the outlook for global growth and the expansion of American shale oil production. But the dramatic slump in oil prices, and efforts by the Alberta government to remedy the situation with production cuts, have muddied the picture for the economy.
The bank's rate directly affects the rates that Canadian consumers get from retail banks.
Market watchers, many of whom had expected the bank to increase the rate in January, now believe the recent economic developments will delay the timing of future rate hikes. Beyond the energy sector, the central bank also sees weakening momentum coming out of the third quarter, and historic revisions from Statistics Canada imply that "there may be additional room for non-inflationary growth".
But based on comments after the game, Cavs first-round pick Collin Sexton wasn't overly impressed with the Warriors point guard. Smith was also absent from the team, Kevin Love was nursing a foot injury and Kyle Korver was recently traded to Utah.
Mr Koczorowski came to the door of his London home wearing a hooded top emblazoned with the Atomwaffen Division logo. It's believed there are 10 to 15 members of the group in the United Kingdom and some European countries.
Ms Rudd became the first cabinet minister to publicly discuss a "Plan B" if Mrs May's deal was rejected. However, North Down independent unionist MP Lady Sylvia Hermon is expected to back the prime minister .
La quatrième saison avait rassemblé en moyenne en 2017 4,3 millions de téléspectateurs, soit une part de marché de 23.8%. La jeune Gardoise, qui avait été repêchée lors de l'émission précédente, a gagné sa place pour la finale à quatre.
F*** 'em if they can't take a joke! Approximately 48 hours later, Hart stepped down from the prestigious post. Hart initially failed to issue an apology, insisting he had addressed the situation "several times" already.
This is a particularly virulent, shape-shifting strain that can mutate even while the vaccine is being incubated in eggs. The flu shot costs $40.99 at most places, but depending on the insurance provider, the cost may be significantly less.
D'abord parce que les années 1990, ce sont 19 religieux tués mais surtout plus de 200 000 morts, principalement des civils. Cette guerre civile sanguinaire aura fait au moins 150.000 morts, dont 114 imams qui s'opposaient aux musulmans radicaux.
However they backed U.S. claims that Russian Federation has land-based nuclear missiles based in Europe. Analysts say Russian Federation sees the weapons as a cheaper alternative to conventional forces.
Tyson Fury rematch with Deontay Wilder sanctioned by WBC
He added: "Right now, I don't know, I am relaxed at home with my family, no boxing and here for the fight with Vasyl". Hopefully we can have it here in the summer, ' he said while watching United's draw with Arsenal on Wednesday.
Early Russian outreach to Trump campaign detailed by Mueller
Trump tweets: " Robert Mueller and Leakin' Lyin' James Comey are Best Friends, just one of many Mueller Conflicts of Interest". In the latest filings Friday, prosecutors will weigh in on whether Cohen deserves prison time and, if so, how much.
Southampton named the new head coach
He said it would be "fantastic" if he could enjoy similar success but the first target was to pull away from the relegation zone. Hasenhuttl revealed there was no contact from Arsenal in the summer after Arsene Wenger's departure, contrary to reports.
Losing Start For Kenya's Shujaa In Cape Town 7s
The Blitzboks made amends for their defensive failings when they sacked a Kiwi ball-carrier behind the tryline after half-time. New Zealand have staved off the threat of a first-ever exit in the pool stages of a World Series sevens men's tournament.
Iran: US sanctions are 'economic terrorism'
Rouhani drew parallels with the sanctions and other pressure faced by the countries attending the conference. The "illegal U.S. sanctions" are " a form of economic terrorism ", Rouhani said, as cited by Iranian media.