Squeal at no deal

Squeal at no deal

SINCE THE big fall in sterling in June 2016, when investors were surprised by the referendum result, financial markets have been remarkably stable in the face of Brexit news. The rule of thumb is that the pound has risen whenever it has looked like Brexit is being softened or postponed, and weakened when negotiations have…

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Disappointing wage gains can partly be blamed on oil slump, but there’s more to it than that: BoC’s Wilkins

Disappointing wage gains can partly be blamed on oil slump, but there’s more to it than that: BoC’s Wilkins

OTTAWA — A senior Bank of Canada official offered explanations Thursday for the country’s “puzzling” and disappointing stretch of wage gains, even though the job market has been experiencing one of its biggest labour shortages in years. In a Toronto speech, senior deputy governor Carolyn Wilkins said weaker wage growth in energy-producing provinces since the…

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