Economies

Bank of Canada Holds Rate Steady at 0.50% as Fed Looks Set to Hike

Bank of Canada Governor Stephen Poloz at a press conference following the release of the Monetary Policy Report in Ottawa on Oct. 19, 2016. The Bank of Canada left its overnight target rate at 0.50 percent on Dec. 7, 2016. (The Canadian Press/Adrian Wyld)
Bank of Canada Governor Stephen Poloz at a press conference following the release of the Monetary Policy Report in Ottawa on Oct. 19, 2016. The Bank of Canada left its overnight target rate at 0.50 percent on Dec. 7, 2016. (The Canadian Press/Adrian Wyld)

OTTAWA—As the Canadian economy underperforms that of its neighbour to the south, the divergence in action from the two central banks begins to unfold. The Bank...




  • getty-623142050-20161128

    The Prospects for Gold as Trump’s Agenda Kicks In

    “If Trump wins, gold will go through the roof.” That was the popular narrative before the election and the first move right after it became... Read more

  • The Wall Street entrance of the New York Stock Exchange, on Oct. 2, 2014. (AP Photo/Richard Drew)

    Dow Tops 19,000 as Retailers Lead Stocks to New Records

    NEW YORK—The Dow Jones industrial average crossed 19,000 for the first time as the stock market extended its reach further into record territory. The gains... Read more

  • A Wall Street sign is shown in New York, in this file photo. (AP Photo/Mark Lennihan)

    Consumer Companies Lead US Stocks to New Records

    NEW YORK—U.S. stocks are rising Tuesday morning after most major indexes closed at record highs the day before. Food producers Campbell Soup and Hormel are... Read more

  • (Illustration by Epoch Times)

    Why Free Trade Doesn’t Work for the Workers

    According to conventional economic theory, free trade is a winner for developing and developed countries alike. That’s how globalists sold Americans on NAFTA and China’s... Read more

  • An American flag hangs over the New York Stock Exchange, in New York City, on on Sept. 15, 2015. (Spencer Platt/Getty Images)

    Trump’s Policies Would Lead to Inflation

    In business and the markets, there exists a power play between two opposing forces and the people behind them. Seldom seen in the open, it... Read more

  • A Chinese investor watches the U.S. presidential election on his smartphone at a securities company in Beijing on Nov. 9. (WANG ZHAO/AFP/Getty Images)

    Trump and China: What Can He Actually Do?

    Immediately after Donald Trump became president-elect, the Chinese yuan fell through key support at 6.80 yuan per dollar, the lowest level since 2010. The market... Read more

  • The seal of the Federal Reserve is seen on a U.S. banknote on June 1, 2016 in Washington, D.C. The bond market is expecting higher inflation, which eats away at the purchasing power of money, after Donald Trump’s election victory. (Mandel Ngan/AFP/Getty Images)

    US Bond Sell-off Conveys Different Message From Equity Rally

    While exuberant stock markets dominate the financial headlines after Donald Trump’s election victory, the sell-off in bonds heralds a warning. The Trump win means financial... Read more

  • Money traders watch computer screens with the day's exchange rate between yen and the U.S. dollar at a foreign exchange brokerage in Tokyo, on Nov. 9, 2016.  (AP Photo/Shizuo Kambayashi)

    Dow Futures, Asian Shares Tumble as Trump Leads Vote Count

    HONG KONG—Financial markets went on a wild ride Wednesday, as Wall Street index futures and Asian stock benchmarks tumbled on the rising possibility of a... Read more

  • A trader on the floor of the New York Stock Exchange moments after the crash in New York, on Oct. 13, 2008.   James Rickards says exchanges may be locked down during the next crisis (Spencer Platt/Getty Images)

    James Rickards: Next Crisis Will Be Worse Than Last One

    James Rickards has predicted major changes in financial markets, and his latest prediction is his biggest yet. A lawyer, portfolio manager, government adviser, and lecturer, Rickards... Read more

  • More than 300,000 people take part in the People's Climate Change march, considered to be the largest climate change march in history, in New York on Sept. 21, 2014. The emphasis on sustainability on college campuses. (Samira Bouaou/Epoch Times)

    A Portrait of the Millennial Generation, Through the Lens of Liberal Education

    NEW YORK—Clayton Colaw, a millennial working on his master’s in sustainability at Columbia University, sees many things in the business world he thinks he can... Read more

  • Canadian Minister of Finance Bill Morneau speaks to reporters before tabling the Fall Economic Statement on Parliament Hill on Nov. 1, 2016 in Ottawa. (The Canadian Press/Justin Tang)

    New Canadian Bank to Amplify Infrastructure Impact With Private Capital

    OTTAWA—The Liberal government is betting the farm on infrastructure investments, so amplifying every dollar spent raises the chance of returning the economy to faster growth... Read more

  • A television screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve,  on Jan. 27, 2016. (AP Photo/Richard Drew)

    Fed Leaves Key Rate Unchanged but Hints at Upcoming Hike

    WASHINGTON—The Federal Reserve left interest rates unchanged Wednesday, six days before Americans choose a new president, but hinted again that it would likely raise rates... Read more

  • A woman heads towards a departure gate at Chek Lap Kok airport in Hong Kong in this file photo. (Christian Keenan/Getty Images)

    China Capital Outflows Are a Vote of No Confidence in Economy

    The Chinese currency, the yuan, is a strange animal. Linked to the U.S. dollar, it hardly moves—but when it does, financial markets get jittery, especially... Read more

  • The American flag flies above the Wall Street entrance to the New York Stock Exchange on Nov. 13, 2015. (AP Photo/Richard Drew)

    FOMC Has No Clue About What to Do

    The Federal Open Market Committee (FOMC) will meet on Nov. 1-2, 2016, and investors should keep an eye out for any implications Fed Chair Janet... Read more

  • Ugandans use a mobile money point in Kampala, Uganda, on Sept. 29, 2016. (AP Photo/Stephen Wandera)

    Mobile Money on the Rise in Africa as Millions Get Phones

    KAMPALA, Uganda—Ivan Kiryowa repeatedly checked the balance on his phone, nervous sweat on his cheeks, as he waited for money from a friend. Thirty minutes... Read more

  • A worker pushes a cart among shelves lined with goods at an Amazon warehouse in Brieselang, Germany, on September 4, 2014. (Sean Gallup/Getty Images)

    The Impact of Technology’s Invisible Hand

    The telltale sign that we are in a new age of automation isn’t in the latest food ordering apps, driverless taxis, or noodle-cooking robots. It’s... Read more

  • Receive Our Epoch 10 Newsletter
    Important stories from around the world,
    in your inbox daily.

    Top