Central Bank – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Thu, 21 Sep 2023 15:26:43 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Central Bank – Advisor's Edge https://phoenix.advisor.ca 32 32 BoE joins Fed in keeping interest rates unchanged after inflation declines https://phoenix.advisor.ca/news/economic/boe-joins-fed-in-keeping-interest-rates-unchanged-after-inflation-declines/ Thu, 21 Sep 2023 15:26:43 +0000 https://www.advisor.ca/?p=230990 The U.K. central bank kept its interest rate unchanged at a 15-year high of 5.25%

The post BoE joins Fed in keeping interest rates unchanged after inflation declines appeared first on Advisor's Edge.

]]>
Bank of England hints that U.K. borrowing rates will stay high after latest hike https://phoenix.advisor.ca/news/economic/bank-of-england-hints-that-u-k-borrowing-rates-will-stay-high-after-latest-hike/ Thu, 03 Aug 2023 14:45:14 +0000 https://www.advisor.ca/?p=229436 Quarter-percentage point increase, to 5.25%, was the central bank's 14th hike in a row

The post Bank of England hints that U.K. borrowing rates will stay high after latest hike appeared first on Advisor's Edge.

]]>
ECB hikes interest rates and leaves door open to more https://phoenix.advisor.ca/news/economic/ecb-hikes-interest-rates-and-leaves-door-open-to-more/ Thu, 27 Jul 2023 16:24:16 +0000 https://www.advisor.ca/?p=229175 The ninth straight increase aims to stamp out painfully high inflation

The post ECB hikes interest rates and leaves door open to more appeared first on Advisor's Edge.

]]>
Canadians not overly eager to see central bank digital currencies https://phoenix.advisor.ca/news/industry-news/canadians-not-overly-eager-to-see-central-bank-digital-currencies/ Wed, 26 Jul 2023 21:02:19 +0000 https://www.advisor.ca/?p=229121 Only about one-third of Canadians said they would use CBDCs, according to a CFA Institute survey

The post Canadians not overly eager to see central bank digital currencies appeared first on Advisor's Edge.

]]>
Inflation is moving in different directions in Europe https://phoenix.advisor.ca/news/economic/inflation-is-moving-in-different-directions-in-europe/ Thu, 29 Jun 2023 16:23:10 +0000 https://www.advisor.ca/?p=227799 Prices rise in Germany and fall in Spain

The post Inflation is moving in different directions in Europe appeared first on Advisor's Edge.

]]>
Bank of Canada likely to hike again in July: TD https://phoenix.advisor.ca/news/economic/bank-of-canada-likely-to-hike-again-in-july-td/ Thu, 15 Jun 2023 17:32:28 +0000 https://www.advisor.ca/?p=226781 Central banks seek sweet spot between fighting inflation and sparking recession

The post Bank of Canada likely to hike again in July: TD appeared first on Advisor's Edge.

]]>
ECB hikes rates again and vows more after Fed hits pause https://phoenix.advisor.ca/news/economic/ecb-hikes-rates-again-and-vows-more-after-fed-hits-pause/ Thu, 15 Jun 2023 15:12:05 +0000 https://www.advisor.ca/?p=226752 The quarter-point boost is the European Central Bank's eighth straight increase in interest rates

The post ECB hikes rates again and vows more after Fed hits pause appeared first on Advisor's Edge.

]]>
China, central bank digital currencies may chip away at dollar’s dominance: TD https://phoenix.advisor.ca/news/economic/china-central-bank-digital-currencies-may-chip-away-at-dollars-dominance-td/ Wed, 31 May 2023 18:45:23 +0000 https://www.advisor.ca/?p=226160 Global preeminence of the U.S. dollar facing multiple challengers

The post China, central bank digital currencies may chip away at dollar’s dominance: TD appeared first on Advisor's Edge.

]]>
Don’t overlook bonds ahead of a recession https://phoenix.advisor.ca/investments/market-insights/dont-overlook-bonds-ahead-of-a-recession/ Mon, 29 May 2023 20:30:14 +0000 https://www.advisor.ca/?p=225961 However, rate cuts this year are far from a given, PM says

The post Don’t overlook bonds ahead of a recession appeared first on Advisor's Edge.

]]>
Payoff from central bank crypto uncertain: Moody’s https://phoenix.advisor.ca/news/industry-news/payoff-from-central-bank-crypto-uncertain-moodys/ Thu, 18 May 2023 17:57:19 +0000 https://www.advisor.ca/?p=225714 Official digital currencies may have a hard time proving their value, the rating agency says

The post Payoff from central bank crypto uncertain: Moody’s appeared first on Advisor's Edge.

]]>