Bank of Canada Governor Tiff Macklem reiterated that the country’s economy is headed for a soft landing, saying he expects the unemployment rate to rise but that a large increase isn’t needed to achieve the inflation target. On Monday, Macklem said Canada’s unemployment rate — which hit 6.2% in May […]
Bank of Canada
Loonie trades in a range of 1.3728 to 1.3779 * For the week, the loonie gains 0.2% * Factory sales and wholesale trade rise in April * 10-year yield hits a 4-month low at 3.260% By Fergal Smith TORONTO, – The Canadian dollar steadied against its broadly stronger U.S. counterpart […]