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Lower-income Canadians to be hit harder by economic slowdown- BoC's Macklem

15 Tháng Mười Một 2022
Lower-income Canadians to be hit harder by economic slowdown- BoC's Macklem © Reuters. FILE PHOTO: Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa, Ontario, Canada June 22, 2020. REUTERS/Blair Gable/File Photo

OTTAWA (Reuters) - Lower-income Canadians will be disproportionately affected by the slowdown in economic activity that is needed to rebalance supply and demand to ease inflationary pressures, Bank of Canada Governor Tiff Macklem said on Monday.

"Slowing economic growth will disproportionately affect our most vulnerable households," he said in opening remarks at the Conference on Diversity, Equity and Inclusion in Economics, Finance and Central Banking.

"But once we rebalance demand and supply, growth will pick up, our economy will grow solidly, and the benefits of low and predictable inflation will be restored," he added.

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06-12-2022 07:45:44 (UTC+7)

EUR/USD

1.0506

0.0015 (0.14%)

Summary

Sell

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EUR/USD

1.0506

0.0015 (0.14%)

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GBP/USD

1.2202

+0.0014 (+0.11%)

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USD/JPY

136.50

-0.24 (-0.18%)

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Buy

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AUD/USD

0.6708

+0.0013 (+0.19%)

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Neutral

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USD/CAD

1.3587

-0.0001 (-0.00%)

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↑ Buy

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EUR/JPY

143.40

-0.05 (-0.03%)

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EUR/CHF

0.9898

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1,781.85

+0.55 (+0.03%)

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Silver Futures

22.433

+0.016 (+0.07%)

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3.7912

+0.0024 (+0.06%)

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Crude Oil WTI Futures

77.33

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83.01

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5.655

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163.42

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3,956.53

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S&P 500

3,998.84

-72.86 (-1.79%)

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DAX

14,447.61

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FTSE 100

7,567.54

+11.31 (+0.15%)

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Hang Seng

19,518.29

+842.94 (+4.51%)

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US Small Cap 2000

1,835.79

-57.05 (-3.01%)

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IBEX 35

8,370.10

-7.80 (0.00%)

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BASF SE NA O.N.

47.970

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Sell

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53.09

-1.75 (-3.19%)

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Allianz SE VNA O.N.

203.00

+0.35 (+0.17%)

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Adidas AG

122.06

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7.766

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135.44

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10.150

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 EUR/USD1.0506Sell
 GBP/USD1.2202Sell
 USD/JPY136.50Buy
 AUD/USD0.6708Neutral
 USD/CAD1.3587↑ Buy
 EUR/JPY143.40↑ Buy
 EUR/CHF0.9898↑ Buy
 Gold1,781.85↑ Sell
 Silver22.433↑ Sell
 Copper3.7912Sell
 Crude Oil WTI77.33↑ Sell
 Brent Oil83.01↑ Sell
 Natural Gas5.655↑ Buy
 US Coffee C163.42↑ Sell
 Euro Stoxx 503,956.53↑ Sell
 S&P 5003,998.84↑ Buy
 DAX14,447.61↑ Sell
 FTSE 1007,567.54↑ Sell
 Hang Seng19,518.29Buy
 Small Cap 20001,835.79↑ Buy
 IBEX 358,370.10↑ Sell
 BASF47.970Sell
 Bayer53.09↑ Buy
 Allianz203.00Buy
 Adidas122.06↑ Sell
 Lufthansa7.766↑ Buy
 Siemens AG135.44↑ Buy
 Deutsche Bank AG10.150Neutral
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