Central Bank Watch
Timing of Future Canadian Central Bank Rate Increases Has Become Less Certain
March 6, 2019
The Bank of Canada’s second policy review of 2019 left the overnight interest rate target unchanged at 1.75% but made important changes in the economic outlook and future policy guidance. When the Governing Council last met eight weeks ago, it concluded that “the policy rate will need to rise over time into a neutral range […] More
New Overnight Developments Abroad - Daily Update
U.S. Trade Deficit Catapults Higher Despite Tariff Policy
March 6, 2019
The U.S. goods and services trade deficit soared to a 122-month high in December of $59.8 billion. That was 18.8% greater than November’s deficit and embodied an $81.5 billion deficit from traded goods. The 2018 goods and services trade deficit equaled $621.0 billion, compared to $552.3 billion in 2017 and $502.0 billion in the last […] More
