The recovery in global economic growth is strengthening and is expected to pick up to 2.9% this year and peak at 3.1% in 2018, the highest rate since 2010, Fitch Ratings said on Monday in its latest Global Economic Outlook…
VANCOUVER – The Canadian economy has made good progress since the plunge in oil prices in 2014, but slack and risks remain, a deputy governor of the Bank of Canada said Tuesday. Lawrence Schembri said recent economic data has been…
TORONTO – Stock indexes in Toronto and New York surged, while the loonie rose nearly a full U.S. cent, after the U.S. Federal Reserve raised its benchmark interest rate for the second time in three months. As widely expected, the…
The U.S. Federal Reserve’s decision to raise short-term interest rates by 25 basis points is unlikely to provide much relief for insurers, ratings firm A.M. Best Company said on Wednesday. That day, the Federal Reserve raised its benchmark rate by…