Five things you should know before you start your work day on Jan. 9

Good midweek morning, everyone. The Bank of Canada may or many not raise rates today. Consumers hope not, given their brinksmanship with bankruptcy. The Big Six CEOs are still fairly optimistic about the economy. A union leader is raising hell with the Ontario government over the use of police at a private company in the cannabis business. Meanwhile, down in the Gulf, BP is boosting estimates of its future output on great news. Great reads ahead!

HIKE OR HOLD

Today’s the day the Bank of Canada announces whether it will raise rates. Many predict a hold, given a slowing economy, rollercoaster markets and continuing world trade troubles. BlackRock, the world’s biggest money manager, expects Stephen Poloz to hit the brakes in 2019, saying he will hold until at least next year — and traders largely agree. Will there be any surprises today?

RATE RUINATION

A 5% jump in

... read more at: https://business.financialpost.com/executive/executive-summary/five-things-you-should-know-before-you-start-your-work-day-on-jan-9-3

by

Leave a Reply