Keyword
U.S. Federal Reserve
Strongest world economic growth expected since 2010: Fitch
June 19, 2017 by Canadian UnderwriterThe 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…
Economy making progress, but risks remain, BoC deputy governor says
March 21, 2017 The Canadian PressVANCOUVER – 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…
U.S. Federal Reserve raises benchmark interest rate 0.25 points
March 15, 2017 THE CANADIAN PRESSTORONTO – 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…
U.S. Federal Reserve interest rate increase unlikely to provide much short-term relief for insurers: A.M. Best
December 14, 2016 by Canadian UnderwriterThe 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…