Bank of America expects the Bank of Canada to leave its key interest rate unchanged at 2.75% at its July 30 meeting. As the bank's chief economist Carlos Capistran explains, the reason for this is persistent core inflation and unexpectedly strong labor market data for June.According to him, the Canadian economy added 83,100 jobs in June, mainly due to part–time employment and growth in the manufacturing sector. The unemployment rate dropped to 6.9% for the first time since January.Although overa... Read More
According to the Organisation for Economic Co-operation and Development (OECD), the British economy... Read More
The wholesale prices in Japan increased by 2.5 percent year-on-year in the previous month,... Read More
France and India had a mutual agreement to launch an international "solar revolution" aimed to... Read More
OPEC could assent the oil output reduction for next year to begin in June, according to the... Read More
The credit markets in Canada have increasing risks according to a major global finance group that... Read More
China has veered away from the previous growth model which is largely dependent on investments but... Read More
Japan’s household expenditure in January had rebounded but wage labor had declined at its most r... Read More
The EU free trade agreements still expected to cost the UK by 4.8 percent of its projected economic... Read More
Japan has exceeded the initial estimate in the last quarter of 2017 compared to the initial... Read More
The U.S. economic condition declined to the tightest level in almost 10 months after the recent... Read More
The People's’ Bank of China lent 105.5 billion yuan or $16.67 billion to various banks on Wednesday ... Read More
The central bank of Australia maintained the interest rates at a record low on Tuesday, which is... Read More
The national currency of Canada lost its strength to an eight-month low against its U.S. rival... Read More
The services sector in China slightly slid down but it remained steadfast in February that induced... Read More
The UK manufacturing cooled down slightly compared with the highs of 2017, as presented in an... Read More
The Japanese economy is projected to grow faster in the last three months of 2017 versus the... Read More
The economic growth of U.S. was revised downward but the 2.5 percent annual rate is still a good... Read More
The total unemployment rate in Germany for February came in lower than expected, as the employment... Read More
The central bank will have a gradual normalization of the monetary policy and they have to take... Read More
More demand for safe-haven assets and low productivity growth induce the Federal Reserve to keep... Read More
Export orders of Taiwan are predicted to reach an 18th consecutive month high in January but at a... Read More
The data released on Monday indicates that the industrial production of Singapore shows... Read More
The foreign trade rose by 0.6 percent for the last quarter in Germany, as the biggest economy,... Read More
The economic growth of Britain tends to move at a slower pace compared to the fourth quarter last... Read More
The economy returned to a 3 percent growth due to the new policies of Donald Trump, according to... Read More
According to the most recent released minutes of meeting by the Fed, several officials predict that... Read More
The Bank of Korea is ready to face any unfavorable outcome following the policy tightening in the... Read More
Scotiabank stated that the delay in the construction of oil pipeline led to a sharp reduction in... Read More
Bank of Japan Governor, Haruhiko Kuroda, was reappointed for the next five-year term and it also... Read More
The projection of Goldman Sachs shows extreme financial losses which have the tendency to slow down... Read More
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