Interest rate hike coming, Bank of Canada warns

Long predicted due to rampant inflation at home, the Bank of Canada’s key interest rate hike will come soon. At the very least, that’s what Bank of Canada Governor Tiff Macklem hinted at in a speech to the Canadian Chamber of Commerce on Wednesday. “We have a responsibility to bring inflation back to a low, … Read more

7% price increase in 2021, highest inflation since 1982 in the United States

Consumer prices in the United States climbed 7.0% in 2021, registering their biggest increase since June 1982, as inflation is a major concern for President Joe Biden who has pledged to fight against the phenomenon. • Read also: Tsunami or ripple? Global economy in doubt over Omicron • Read also: Bitcoin drops below $ 40,000 … Read more

Steel winter storage lock-in price hits a record high, traders more choose to purchase at floating prices_the whole market_demand_substantially rise

Original title: Steel winter storage lock-in price hits a record high, traders more choose to purchase at floating prices CCTV, Beijing, January 2 (Reporter Lv Hongqiao) According to a report by the Voice of Economy of China Central Radio and Television “Tianxia Finance”, steel companies have recently issued winter storage notices. 4,450 yuan per ton, … Read more