The Bank of England has elected to hold its benchmark interest rate at current levels and stressed that future decisions will be data dependent. In announcing its decision to keep its key Bank Rate at 5.25%, the British central bank said that an interest rate cut in June of this year is not guaranteed. The Bank of England also cautioned that inflation risks remain elevated, noting that services inflation came in at 6% in March, and that there are continued geopolitical risks as well.Two inflation reports are expected before the central bank’s next meeting on June 20 and both will be…
Author: psheffield
Free parking and mortgage holidays: Developers offering new incentives as Toronto preconstruction condo sales plummet
As preconstruction condo sales in Toronto plummet to levels not seen since the global financial crisis 15 years ago, developers are now turning to more lucrative incentives to try to entice prospective buyers.
Quebec’s birth rate dips to lowest level in nearly 20 years
Quebec saw a 3 per cent drop in the number of births between 2022 and 2023, according to data released Wednesday by the Institut de la statistique du Québec (ISQ).
‘Who Owns Outer Space?’ wins Donner Prize for best public policy book by a Canadian
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Trucker’s body found in trailer in Newfoundland after failed police search in Ontario
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Canucks fans outraged by sign outside Penticton pizza joint
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Jean-Pierre Ferland’s state funeral set for June 1 in Montreal
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Man recommended to become ethics commissioner previously sought UCP nomination: NDP
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Homes evacuated, hundreds of FortisBC customers impacted after gas line damaged in North Vancouver
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How the deadly heat dome changed firefighters’ jobs in one B.C. city
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