scroll to top arrow or icon

{{ subpage.title }}

FILE PHOTO: Bank of Canada Governor Tiff Macklem takes part in a news conference after announcing an interest rate decision in Ottawa, Ontario, Canada April 12, 2023.

REUTERS/Blair Gable/File Photo

No rate cut just yet

The Bank of Canada held interest rates steady at 5% for the fourth time in a row on Wednesday, signaling that cuts may be coming, as analysts expect, in the spring. The bank is now focused on “how long it needs to stay at the current level,” Bank of Canada Governor Tiff Macklem said.

Read moreShow less

Chinese Yuan banknotes are seen behind illuminated stock graph in this illustration taken February 10, 2020.

REUTERS/Dado Ruvic/Illustration/File Photo

China takes on a trillion yuan debt

On Tuesday, China approved a 1 trillion yuan ($167 billion) increase in sovereign debt in a rare midyear budget reassessment as sluggish growth and local governments’ lopsided balance sheets pose major challenges for Beijing.

Read moreShow less

Subscribe to our free newsletter, GZERO Daily