Page 4 - அக்டோபர் அறிக்கை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Reuters Staff (Corrects typo in final paragraph) OTTAWA, Jan 20 (Reuters) - The arrival of a COVID-19 vaccine and strong foreign growth is brightening the outlook for the Canadian economy in the medium term, but the near-term remains choppy with a contraction expected in the first quarter, the Bank of Canada said on Wednesday. The central bank, outlining its quarterly economic forecasts, said that despite the stronger outlook it does not expect inflation to return sustainably to target until 2023, keeping interest rates at historic lows until that point. “The medium-term outlook is stronger than in the October Report because of the positive effects from vaccines, greater fiscal stimulus, stronger foreign demand and higher commodity prices,” the Bank of Canada said.

Steve schererThomson reuters trust principlesOctober reportThomson reuters trustCenbank correctedBank of canadaCentral banks bank eventsCorona virusDebt fixed income marketsGeneral newsNational government debtHealth medicineHuman diseases conditionsInfectious diseasesInterest rates policyEconomic news