Bank of Canada Holds Rates at 2.25%, Signals No Rush to Hike
The Bank of Canada has decided to leave its key interest rate unchanged at 2.25 per cent, a move that markets had already priced in. Inflation is close to the Bank’s two per cent target, job numbers have surprised on the upside, and economic growth has been stronger than expected. Still, policymakers are choosing to […]
Jamaica Secures US$6.7B Recovery Financing After Hurricane Melissa
Jamaica has secured access to as much as US$6.7 billion in financing to support recovery and rebuilding after Hurricane Melissa. The Government says the package, spread over three years, is the largest and most comprehensive financing arrangement ever assembled for the country. The money is coming from major international institutions including the IMF, World Bank, […]