Money

Bank of Canada hints at higher interest rates

Published

2 years ago

April 22, 2022

Anthony Lucas

Interest rates could continue to rise in Canada amid increasing inflation

There’s been speculation that interest rates are set to increase in Canada higher than first expected.

According to officials, the Bank of Canada could consider a larger rate increase than the half-point move it made last week.

It comes as Canada continues to grapple with inflation which is at a 31-year high.

The Bank of Canada last week raised its benchmark rate by half a percentage point, its biggest single hike in more than two decades.

The bank noted further rises could still be to come

When asked if the central bank would consider increasing rates by more than 50 basis points (bps) in one go, Governor of Bank of Canada Tiff Macklem stated that he was “not going to rule anything out.”

“We’re prepared to be as forceful as needed and I’m really going to let those words speak for themselves.”

The governor this week addressed reporters in Washington where he was attending the G20/IMF meetings.

He says that supply pressures that have driven up prices globally are showing no signs of easing.

The Bank of Canada last week raised its benchmark rate by half a percentage point which is the largest single rise in 20 years.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

7 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending