Officials highlighted the risks of stronger-than-anticipated inflation and weaker-than-expected growth at their recent monetary-policy meeting.
High prices and elevated mortgage rates have made home purchases less affordable.
Inflation in Canada again cooled in October, continuing a trend that is likely to comfort central bankers and add weight to expectations that interest rates will hold steady near-term.
Two other agency directors also won’t participate in an independent review of harassment and discrimination complaints.
NEWSLETTERS
Global Calendar
TODAY WEDNESDAY, NOV 22
- U.S. durable goods for October
- U.S. weekly jobless claims
- EU ECCI flash consumer confidence indicator for November
- University of Michigan final consumer survey for November
- Bank of Canada’s Macklem speaks to Saint John Region Chamber of Commerce
Data & Interactives
President-elect Javier Milei faces runaway inflation and empty coffers after decades of economic mismanagement.
Companies see few reasons to rush to publicly list shares, with recent IPOs trading lower.
Tech hubs: Which cities are at the top of the heap as far as technology workforces and skills?
Seven charts that explain oil’s big price moves
Investors have long expected inflation to fall back to the Fed’s 2% target relatively quickly, a bet that is starting to look better now than it did a few months ago.