Canadian rates poised to rise again
The Bank of Canada's unexpected decision to lift in rates for a second time this year has now put a third hike within view.
The Bank of Canada's unexpected decision to lift in rates for a second time this year has now put a third hike within view.
European Central Bank policymakers hold a widely anticipated meeting on Thursday.
The Bank of Canada forged ahead with another interest rate hike in a nod to the country's surging economy.
Fed vice chairman Stanley Fischer, one of the elder statesman of American finance, has resigned effective in mid-October.
A squeeze on household incomes is stoking fears that a solid pick-up in economic growth may be short lived.
NAFTA is being renegotiated at the insistence of Washington, which seeks to reduce its $US60 billion annual trade deficit with Mexico.
Treasurer Scott Morrison hailed GDP as a "strong set of numbers. But they're not. Weak wage growth and high household debt mean rates will remain on hold for 2018, at least.
New data shows average employee wages are going backwards and hourly pay growth is at record lows.
Australia's economy strengthened in the June quarter, boosted by a jump in exports and a surge in government investment spending.
The Bank of Japan should stop being obsessed with its 2 per cent inflation target, a former top Finance official said.
Federal Reserve interest-rate increases may be "doing real harm" to the US economy, one top US policymaker says.
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in