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Chronicle Journal in Thunder Bay, Ontario

07 Dec 2023

Page 9

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Chronicle Journal December 7, 2023 Page 9 old newspaper archives

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Newspaper

Chronicle Journal

Location

Thunder Bay, Ontario, Canada

Date

Dec 07, 2023

Page

9

Bank of Canada Holds Rate as Economy Slows in 2024 Outlook

OTTAWA The Bank of Canada kept its key rate at five percent amid slowing growth and cooling inflation. Analysts question further hikes while markets eye rate cuts later in 2024 as unemployment rises and GDP remains weak. The next decision is set for January 24 with forecasts for a sluggish year ahead.

MENTIONED IN THIS ARTICLE

Bank of Canada Ottawa BOC Central Bank BMO Douglas Porter James Orlando Orlando RBC Claire Fan Porter
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TSX Dips Over 100 Points As Oil Falls Under 70

Canada’s main index fell after energy losses dragged the TSX lower as oil slipped below 70 a barrel. The Bank of Canada kept the rate at five percent, signaling potential further hikes amid inflation risk. U.S. markets also declined with the Dow, S&P 500 and Nasdaq all down. Economic data showed easing job growth in the United States. The loonie traded around 73.67 US cents.

MENTIONED IN THIS ARTICLE

Toronto Canada U.S Bank of Canada Michael Currie TD Wealth Currie New York March
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Also Mentioned on This Page

Business TV CPAC Erin Burnett Anderson Cooper Kaitlan Collins Primetim L'Essen Esther Michael Bégin Serapio Canada Tonight the National TSX States Michael Currie TD Thunder Bay Community Auditorium Tegn.com Ticketmaster.ca The Ehronicle Flerces the Chronicle Tournal
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