Poloz may consider new interest rate level in October

Note: This section contains information in English only.
Source: Bloomberg
BoC Governor Stephen Poloz stated today the central bank is up for negotiating the interest rate that would allow the economy to function at the full output. The interest rate is being kept unchanged since September 2010 at 1 percent. The Bank of Canada is investigating the neutral interest rate and will raise the topic in the next economic report due in October.

 

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Fri, 18 Jul 2014 08:46:15 GMT

European equities decline amid Ukraine conflict

Stock markets in Europe show a negative tendency for a second consecutive day, already being able to erase the weekly rise. Conflict between Russia and Ukraine continues to escalate, especially after yesterday's shot down of the Malaysia Airlines plane near the border between two countries. Today in the morning, the Europe Stoxx 600 Index is losing 0.6% to 337.6 points.

Fri, 18 Jul 2014 12:23:09 GMT

WTI first weekly gain in a month

West Texas Intermediate rose for the first time this week in a month's time after the Malaysian passenger aircraft incident in Ukraine. A general strategist at CMC Markets expects investors could sell Western Texas Intermediate contracts if prices go up to $105.20 per barrel. WTI futures went up 0.7% after a 2% increase yesterday, the largest since June 12.   

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