The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to accelerate economic growth and drive down the unemployment rate. The central bank also said Wednesday that it will seek to push inflation above two per cent annually. The Fed left its benchmark short-term rate […]
The only finance minister to serve under Prime Minister Justin Trudeau suddenly resigned Monday night, saying someone else should guide the country through a long and bumpy economic recovery from the coronavirus pandemic. Bill Morneau said he had considered leaving his role as finance minister for some time, adding that he never intended to run […]
In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizeable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some […]
\MSCI Inc. and the Organization for Economic Co-operation and Development have collaborated on a joint research paper to facilitate discussions about how institutional investors can implement the UN’s sustainable development goals in their strategies. There are 17 sustainable development goals that aim to deal with challenges including climate change, income inequality and sustainable consumption. The target delivery dates […]
Working longer could add $4.6 trillion to OECD economies: PwC
German households owe more than harder-working Greeks.