The BIS annual report is out, and you probably won’t read a more depressing economic brief this year. The gruesome details: Global economic growth in advanced economies was halved last year, to 1.6%, amidst an “abysmal fiscal outlook”; we have “a global banking system that is still dependent on economic support”; bank credit spreads are…
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Canada interest rate unchanged at 1%- Full story
by Newswires • • 0 Comments
Canada interest rate unchanged at 1% (via AFP) Canada’s central bank on Tuesday kept its key lending rate at one percent as expected, citing a weak outlook for global economic growth. “The outlook for global economic growth has weakened in recent weeks. Some of the risks around the European crisis are materializing and risks remain…
