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OPEC+ postponed meeting due to disagreement over production figures and associated quotas
OPEC+ POSTPONED MEETING DUE TO DISAGREEMENT OVER SOME MEMBERS’ OIL PRODUCTION FIGURES AND ASSOCIATED QUOTAS- THREE SOURCES
— First Squawk (@FirstSquawk) November 22, 2023
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RUSSIA, SAUDI ARABIA IN AGREEMENT TO DELAY MEETING DUE TO OUTSTANDING ISSUES AROUND SOME OTHER PRODUCERS - OPEC+ SOURCE
— First Squawk (@FirstSquawk) November 22, 2023
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Good afternoon. I’m pleased to be here today and I want to thank the Saint John Region Chamber of Commerce for the invitation. Travelling to different parts of Canada is one of the most important and rewarding things I do because it allows me to see and hear first-hand how economic circumstances are playing out across our vast country. I want to hear about the opportunities and obstacles your businesses face and to understand your perspectives on the economy. I look forward to your questions and our discussion today. I know that for many people, high inflation has made life hard. We hear it at the Bank of Canada in our surveys of consumers. And I hear it directly—I get many letters and emails from Canadians. Too many of these are about the impossibility of keeping up with higher prices. I hear the worry, the frustration, even the desperation in these letters. I also hear from businesses that are being squeezed by higher costs and from workers who need higher wages to keep up with the rising cost of living. Nothing concerns me more thanFighting to get back to low inflation video The economy and job market have done quite well since the worst of the COVID-19 pandemic. But Canadians aren’t happy—and high inflation is a major reason why. Almost 9 out of 10 people responding to our Canadian Survey of Consumer Expectations said high inflation has made them feel worse off. We can see the impacts of high inflation in other ways too: Labour strikes have increased, with employers and workers struggling to agree on fair pay. Businesses have been raising their prices more often than usual, and by larger amounts. Our surveys show families are spending less and trying to find cheaper goods and services. High inflation is particularly hard for lower-income Canadians. They have little savings to buffer higher prices, and necessities—food, rent, gasoline—have had some of the fastest price increases. The rising cost of living is making life harder for everyone, especially Canadians who have less to start with.” post: BOC's Macklem: Rates "May Now Be Restrictive Enough" to Reach 2% CPI post: Bank of Canada Gov Macklem: Rates May Now Be At Peak, Excess Demand Now Gone
US short-term inflation expectations climbed to an eight-month high in November and longer-run price views remained at levels not seen since 2011. Americans expect prices will ...
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- Posted: Nov 22, 2023 11:09am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,380
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