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FULL TEXT-Bank of Canada governor says economy proving resilient

FULL TEXT-Bank of Canada governor says economy proving resilient

OTTAWA, Dec 10 (Reuters) - The Bank of Canada released the following statement by Governor Tiff Macklem on Wednesday: "Good morning. I'm pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s monetary policy decision.
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Bank of Canada to keep rates steady at 2.25% after robust economic data bolsters bets for a long hold

Bank of Canada to keep rates steady at 2.25% after robust economic data bolsters bets for a long hold

By Promit Mukherjee OTTAWA, Dec 10 (Reuters) - The Bank of Canada is almost certain to hold its interest rate at 2.25% on Wednesday after signaling in October that its key policy rate was at the right level and following a slew of upbeat data on economic growth, inflation and the job market.
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Bank of Canada holds rates, says economy looks better than expected despite tariffs 

Bank of Canada holds rates, says economy looks better than expected despite tariffs 

By Promit Mukherjee and David Ljunggren OTTAWA, Dec 10 (Reuters) - The Bank of Canada held its key policy rate steady at 2.25% on Wednesday as widely expected, and Governor Tiff Macklem said the economy was proving resilient overall to the effect of U.S. trade measures.
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Instant View: Bank of Canada leaves key rate on hold

Instant View: Bank of Canada leaves key rate on hold

TORONTO, Dec 10 (Reuters) - The Bank of Canada held its key policy rate steady at 2.25% on Wednesday as widely expected, and Governor Tiff Macklem said the economy was proving resilient overall to the effect of U.S. trade measures.
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Bank of Canada Maintains Interest Rates Amid Economic Resilience

Bank of Canada Maintains Interest Rates Amid Economic Resilience

The Bank of Canada has decided to keep its key policy rate steady at 2.25%, as announced by Governor Tiff Macklem. This decision comes despite ongoing U.S. trade measures, including tariffs ranging from 25% to 50% on sectors such as cars, lumber, aluminum, and steel. The Canadian economy has shown resilience, with a third-quarter annualized GDP growth of 2.6% and the addition of 181,000 jobs between September and November. Macklem noted that inflationary pressures remain contained, with overall inflation slightly above the bank's 2% target. The bank is prepared to respond if the economic outlook changes, although current indicators suggest a moderate pace of GDP growth and stable inflation in the coming year.
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Mexico's lower house approves tariff hikes on Chinese, other Asian imports

Mexico's lower house approves tariff hikes on Chinese, other Asian imports

By Diego Oré MEXICO CITY, Dec 10 (Reuters) - Mexico's lower house early Wednesday approved tariffs of up to 50% next year on imports from China and several other Asian countries, aiming to boost domestic production and address trade imbalances. 
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New Fed projections to reset economic outlook after volatile year

New Fed projections to reset economic outlook after volatile year

By Howard Schneider WASHINGTON, Dec 10 (Reuters) - Federal Reserve officials will issue new economic projections on Wednesday, an endpoint to a volatile year that saw a hoped-for "soft landing" from inflation morph into renewed price pressures due to rising tariffs, the supply of workers constrained
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Asia stocks in cautious mood on countdown to Fed

Asia stocks in cautious mood on countdown to Fed

By Wayne Cole SYDNEY, Dec 8 (Reuters) - Asian shares dithered on Monday as investors bet the farm on a rate cut from the Federal Reserve this week, yet the meeting could be one of the most fractious in recent memory with some policy makers openly arguing against an easing.
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Central Banks Prepare for Key Policy Decisions Amid Global Economic Uncertainty

Central Banks Prepare for Key Policy Decisions Amid Global Economic Uncertainty

The upcoming week is pivotal for global economic policy as the U.S. Federal Reserve, Reserve Bank of Australia, Bank of Canada, and Swiss National Bank are set to meet. The Fed is expected to cut rates by 25 basis points, while other central banks are likely to hold steady. This comes as inflation remains above target levels, with U.S. CPI at 3% and the Fed's PCE gauge at 2.8%. The meetings occur against a backdrop of political pressure for easier monetary policy and a moderating global inflation environment.
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Morning Bid: Futures try for a Fed fait accompli

Morning Bid: Futures try for a Fed fait accompli

A look at the day ahead in European and global markets from Wayne Cole. Well, Fed decision week is finally upon us and it's shaping up to be one of the most vexed meetings in recent memory. Of 108 analysts polled by Reuters only 19 tipped a hold with the rest for an easing on Wednesday. 
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Asian stocks slip as nervy markets wait for Fed

Asian stocks slip as nervy markets wait for Fed

By Ankur Banerjee SINGAPORE, Dec 9 (Reuters) - Asian stocks fell and the dollar was steady on Tuesday as investors braced for a cut in U.S. interest rates later this week while the yen was calm after a powerful earthquake rocked Japan's northeast region though the impact was limited.
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AI demand powers Taiwan November exports to fastest growth in 15-1/2 years

AI demand powers Taiwan November exports to fastest growth in 15-1/2 years

By Faith Hung and Roger Tung TAIPEI, Dec 9 (Reuters) - Taiwan's exports grew more than expected and logged their fastest growth in 15-1/2 years in November, as worldwide demand for the island's chips and artificial intelligence (AI) technology remained robust heading into the end of the year.