About: http://data.cimple.eu/news-article/2c7c84a361088220419d51462804139ba88f68371714000b5a2aeced

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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 held its key interest rate steady at 1.75 percent on Wednesday, as expected, but said it would be watching for any further signs the economy was slowing. While "some recent trade developments have been positive" -- a reference to the recent signing of a trade deal with the United States and Mexico -- the policy statement cautioned that "there remains a high degree of uncertainty and geopolitical tensions have re-emerged." The statement noted that signs of weaker domestic data could mean global factors "have been affecting Canada's economy to a greater extent than was predicted." Inflation is not a key concern, as the government reported Wednesday that consumer prices held steady in December, rising 2.2 percent higher than a year earlier. Excluding gasoline, inflation was just 2 percent -- the lowest in just over a year. Even after the US Federal Reserve cut the benchmark lending rate three times last year amid concerns about a slowing economy, the Bank of Canada has not moved since October 2018. But now policymakers point to weakening business investment, declining job creation and softening consumer confidence, following a drop in exports in late 2019. And Canadians are saving at a higher rate "which could signal increased consumer caution" and dampen spending, the statement said. Central bankers "will be watching closely to see if the recent slowdown in growth is more persistent than forecast." The bank currently is predicting the Canadian economy will growth by 1.6 percent this year, the same as in 2019, and accelerate to 2 percent in 2021. jl-hs/bgs
schema:headline	Canada central bank holds key interest rate at 1.75%
schema:mentions	The Statement (film) Interest rate Federal Reserve Inflation Canada United States Mexico national baseball team Price of oil Consumer confidence
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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