About: http://data.cimple.eu/news-article/281838e9472e71cbe554c45985e287e2be817ee7047fa633f5250fde

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The Bank of Canada on Wednesday held its key lending rate at 0.25 percent, saying world economies were sharply rebounding from a record plunge, but warned that a second wave of Covid-19 could set back recoveries. The central bank said the rollout of vaccines -- the first doses were given out in Britain on Tuesday -- "is providing reassurance that the pandemic will end and more normal activities will resume." But, it added, in the "near term, new waves of infections are expected to set back recoveries in many parts of the world." The bank noted that accommodative policy -- low interest rates to stimulate economic growth -- and government emergency aid continued to provide supports while strong demand pushed up commodity prices, including oil. Canada, it said, also continues to recoup jobs that were lost at the start of the pandemic, albeit at a slower pace. Economic momentum heading into the fourth quarter appeared stronger than the bank forecast in October, but record high cases of Covid-19 in several parts of Canada have forced public health officials to reintroduce pandemic restrictions in recent weeks. "This can be expected to weigh on growth in the first quarter of 2021 and contribute to a choppy trajectory until a vaccine is widely available," the bank said. Ottawa has concluded pre-orders with several pharmaceutical companies -- including AstraZeneca, Pfizer and BioNTech, Sanofi and GSK, Novavax, Johnson & Johnson, Medicago and Moderna -- for 400 million doses, to ensure it eventually gets what it needs for its population of 38 million. On Monday, Prime Minister Justin Trudeau announced that the Pfizer vaccine would be delivered this month, with the first inoculations to start as early as next week. Another vaccine candidate developed by Moderna could also be shipped "as soon as December," the American company said. Most Canadians, Trudeau said, are expected to be vaccinated by September 2021. Inflation, meanwhile, has picked up to 0.7 percent on higher prices for fruits and vegetables. But the bank said "considerable economic slack" is likely to continue weighing on inflation "for some time." As such, the bank does not expect to raise interest rates until 2023 once the slack is absorbed and its 2.0 percent inflation target is "sustainably achieved." amc/dw
schema:headline	Canada's central bank holds key lending rate at 0.25 percent
schema:mentions	Novavax Commodity Pharmaceutical industry Johnson & Johnson Public health Ottawa Prime Minister of Canada Inflation Justin Trudeau AstraZeneca Canada Pandemic Pfizer Vaccine United States Coronavirus disease 2019 Medicago American Motors Corporation Sanofi Momentum
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	75 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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