Bank of Canada Officials Fretted Firmer Inflation Could Persist, Minutes Say

OTTAWA—Some Bank of Canada officials worried that recent firmness in core inflation could last indefinitely due to President Trump's trade policy, according to a summary of their deliberations leading up to this month's decision to keep interest rates unchanged.
'If the recent firmness in underlying inflation were to persist, it would be more difficult to cut the policy rate,' said the minutes, which summarize deliberations among the seven members of the central bank's governing council. Those deliberations started on May 30, culminating with the June 4 decision to keep the Bank of Canada's policy rate unchanged for a second straight occasion at 2.75%.

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US stock futures edge up as world awaits Iran response to US strikes

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Yahoo

21 minutes ago

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Editorial: Want to know how a socialist mayor would govern New York City? Ask Chicago

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21 minutes ago

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