WRAPUP-Weaker than expected Canadian data not seen delaying rate hike [Reuters]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: Reuters
WRAPUP-Weaker than expected Canadian data not seen delaying rate hike | Reuters 3 Min Read OTTAWA, Oct 19 (Reuters) - Although Canadian inflation and retail sales data came in weaker than expected on Friday, market operators predicted the Bank of Canada still would raise interest rates again next week to keep a booming economy in check. Statistics Canada said the annual inflation rate in September dipped to 2.2 percent from 2.8 percent as price pressures from gas and air travel eased. Analysts in a Reuters poll had forecast an annual rate of 2.7 percent. September marked the eighth consecutive month that the overall inflation rate has exceeded the Bank of Canada’s 2.0 percent target. The central bank, which predicts inflation should move back down toward 2 percent by early 2019, will announce its next interest rate decision on Oct. 24 and markets are expecting a hike. The bank has lifted rates four times since July 2017. “We always knew we were going to see headline CPI inflation tren
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Earnings
- 2/28/24 - Beat
RY
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- RY's page on the SEC website