Posted 2/1/2024, 5:49:57 PM
Bank of Canada Warns Government Spending Could Undermine Inflation Fight as Layoffs Rise and Housing Market Slows
- Bank of Canada Governor says federal budget spending increases could hinder inflation fight
- Amazon earnings beat expectations, driven by growth in AWS, advertising, and retail businesses
- Egypt raised interest rates for the first time since August, moving towards IMF deal and potential currency devaluation
- US job cuts more than doubled in January to highest level in 10 months
- Residential development projects across Canada increasingly pushed into receivership due to high costs and slowing market