Daniel Johnson
Digital Broadcast Journalist at BNN Bloomberg
Articles
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1 week ago |
bnnbloomberg.ca | Daniel Johnson
Some experts are calling into question the Bank of Canada’s decision to hold its key policy rate amid trade uncertainty, as the central bank faces dual risks from downside economic impacts coupled with higher inflation expectations. The Bank of Canada announced Wednesday that it would leave its benchmark interest rate unchanged, waiting for a clearer picture of how trade uncertainty will affect the economy. The policy rate remained at 2.75 per cent following seven consecutive cuts since June.
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1 week ago |
bnnbloomberg.ca | Daniel Johnson
After inflation surprisingly slowed in March, one chief economist says he doesn’t expect a cut from Canada’s central bank on Wednesday, but highlighted he is forecasting about 100 basis points of cuts during the year. Statistics Canada reported Tuesday that the consumer price index rose 2.3 per cent on an annual basis in March, coming after an increase of 2.6 per cent the previous month. The figures came in lower than expectations among analysts polled by Reuters.
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1 week ago |
ctvnews.ca | Daniel Johnson
The CEO of TMX Group, the operator of the Toronto Stock Exchange, is recommending changes Canada’s next federal government should make to lower barriers for companies looking to raise money. In an interview with BNN Bloomberg Monday, John McKenzie said that even before the U.S. election, Canada had been facing declining competitiveness and productivity.
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1 week ago |
bnnbloomberg.ca | Daniel Johnson
The CEO of TMX Group, the operator of the Toronto Stock Exchange, is recommending changes Canada’s next federal government should make to lower barriers for companies looking to raise money. In an interview with BNN Bloomberg Monday, John McKenzie said that even before the U.S. election, Canada had been facing declining competitiveness and productivity.
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2 weeks ago |
bnnbloomberg.ca | Daniel Johnson
One rate strategist says he expects to see some turmoil in upcoming U.S. inflation data after the latest figures were released Thursday, adding that he expects the U.S. Federal Reserve to lower borrowing costs in June. U.S. inflation cooled broadly in March, Bloomberg News reported, with the consumer price index (CPI) declining by 0.1 per cent compared to the previous month, marking the first decrease in almost five years.
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RT @BNNBloomberg: Economist says shelter costs driving inflation, urges BoC to focus on different metrics https://t.co/zyNhipqzif
RT @BNNBloomberg: Group RRSP plans on the rise amid longer-term decline of pensions: experts https://t.co/o5xYFQAnlW
RT @hollerdoller: @DanielAJohnson_ on what mortgage holders should know about the rate hold https://t.co/DiSE04GaVI