Tag: Increases

Ford warns teachers’ unions not to dare protest class-size increases

Premier Doug Ford is warning teachers’ unions against taking any action to protest his government’s move to increase class sizes to save money. “If the head of the unions want to hurt the children of this province by doing walkouts and everything else, I’d think twice if I were them,” Ford said Friday in Ottawa…

U.S. consumer spending increases solidly in June

WASHINGTON (Reuters) – U.S. consumer spending increased solidly in June as households spent more on restaurants and accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately. FILE PHOTO: Shoppers ride escalators at the Beverly Center mall in Los Angeles, California, U.S., November 8, 2013. REUTERS/David McNew/File Photo…

Bank of Canada increases overnight rate target to 1 1/4 per cent

The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation is close to target, and the economy is operating roughly at capacity. However, uncertainty surrounding…

Bank of Canada increases overnight rate target to 1 per cent

Available as: PDF The Bank of Canada is raising its target for the overnight rate to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Recent economic data have been stronger than expected, supporting the Bank’s view that growth in Canada is becoming more…