Company: Bank of Canada

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Due to ongoing challenges in the energy sector, overall sentiment was negative in the Prairies

A 10% drop in gas prices compared with last year continues to weigh on overall inflation

When the collateral effect is strong, it can leave the economy vulnerable to adverse effects

Toni Gravelle has been managing director of the central bank’s Financial Markets Department since 2015

  • By: IE Staff
  • September 19, 2019 October 11, 2019
  • 16:52

Gas prices fell 10.2% last month, following a decrease of 6.9% in July

For Canada, total turnover of FX transactions rose by 27.6% since 2016

Piggy bank with national flag of Canada

The announcement came as other central banks around the world have been signalling or taking policy action

The main focus Wednesday will be on the bank's accompanying analysis

Markets had priced in a series of cuts, but is the U.S. in an easing cycle?

The rate is now 5.14%