Bank of Canada keeps the core interest rate at 1.00%

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Source: Forexpros
The Bank of Canada kept its core interest rate at 1.00% in April, unchanging the rate for the 13th month in line. The decision was broadly expected. The central bank of Canada also warned that in view of stabilizing economic outlook and accelerating inflation more prudent measures may be considered.
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Wed, 18 Apr 2012 12:20:11 GMT

Italy faced the largest car sales slump among the EU members

The auto sales in Italy tumbled by 26.7% last month on an annualized rate, indicating the largest fall among the EU countries. The overall car sales in the EU dropped by 7.0% in March, declining to the 14-year low, reported an Association of European Automakers.  The second largest slump was in France where car sales decreased by 23.2% in March

Wed, 18 Apr 2012 11:42:09 GMT

IMF upgrades global expansion forecast

The IMF expects the overall economic growth to accelerate this year as the Euro Zone started to show signs of recovery after severe debt crisis. Moreover, US economic performance also improved. The IMF predicted the global economy to grow by 3.5% in 2012 as compared to the previous expectation for a 3.3% expansion. However, the fund stressed that another wave

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