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U.S. Federal Reserve interest rate increase unlikely to provide much short-term relief for insurers: A.M. Best

December 14, 2016 by Canadian Underwriter

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

News Earnings / RatingsInsurance

Bank of Canada keeps key rate at 0.5% amid stronger yet uncertain global economy

December 7, 2016 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face “undiminished” uncertainty. In making the scheduled announcement Wednesday, the central bank said its decision

News Earnings / RatingsInsurance

Bank of Canada raises concerns about economy, holds interest rate at 0.5%

September 7, 2016 Craig Wong - THE CANADIAN PRESS

OTTAWA – The Bank of Canada struck a note of caution Wednesday as it held its key interest rate target steady at 0.5 per cent and raised concerns after the export sector disappointed earlier this year. “While the strength in

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Fed minutes: Conditions could ‘soon warrant’ a rate hike

August 17, 2016 Martin Crutsinger - THE ASSOCIATED PRESS

WASHINGTON – Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. But they did not indicate when they would likely raise rates. The minutes