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Category: News

U.S. GDP shrinks for 2 quarters in a row

  For the first time in over a decade, the world has more debt than it can handle. U.S. GDP shrinks for 2 quarters in a row, meeting the PMI survey’s quarterly forecast, with the slowdown in growth largely driven by the flattening out of business investment and manufacturing output. According to U.S. Bureau of…

Bank of Canada raises interest rate

Bank of Canada raises interest rate 100 bps, maintains quantitative tightening. The Bank of Canada raised its overnight rate goal to 2.5%, with the Bank Rate at 2.4% and the deposit rate at 2.5%. The Bank’s quantitative tightening continues (QT).   Inflation in Canada is higher and more persistent than the Bank predicted in its…