Iran War Is ‘a Dark Cloud’ over Bank of Canada and the Spring Fiscal Update - National

Iran war is ‘a dark cloud’ over Bank of Canada and the spring fiscal update - National

The Bank of Canada is set to update interest rates on Wednesday as the Iran war brings a dark cloud over the Canadian economy and ahead of Ottawa's expected spring fiscal update.

How Will the Bank of Canada Reconcile Our Weakening Economy and Spiking Oil Prices? - Integrated Mortgage Planners

Last week Statistics Canada confirmed that our economy shed 84,000 jobs in February, well below the consensus forecast that 10,000 new jobs would be added. The losses were spread across both our goods-producing (-28,000) and service-based (-56,000) sectors and concentrated in the private sector, which shed 73,000 jobs. Our unemployment rate increased from 6.5% in January to 6.7% in February, and our labour force participation rate (which measure…