Tiff Macklem Canada Coronavirus Bank of Canada Tiff Macklem Canada

Coronavirus put a ‘chop’ on economic recovery, Bank of Canada governor says

Reading now: 874
globalnews.ca

COVID-19 infections dampen near-term growth, Bank of Canada Governor Tiff Macklem said on Tuesday.Macklem, speaking with reporters after a speech, said that while the arrival of effective vaccines had created more clarity around when the pandemic will end, the worsening second wave was putting a “chop” in the recovery.“Near-term, the situation is clearly looking more difficult, Infections are spreading,” he said. “We do expect that that’s going to weigh on growth in the first quarter … the first quarter could even go negative.” Bank of Canada keeps key rate on hold, warns 2021 will have bumpy economic start He later said recent momentum will likely mean economic growth in the fourth quarter above the 1 per cent forecast by the central.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Alex Jones - Rylan issues health update as he makes BBC The One Show return after hospital dash - dailystar.co.uk
dailystar.co.uk
77%
731
Rylan issues health update as he makes BBC The One Show return after hospital dash
Rylan Clark has issued The One Show viewers with a new health update.The presenter joined Alex Jones on the programme on Thursday night as he made a return to work after his hospital dash.Alex welcomed Rylan onto the show and asked him how he was, stating that fans were concerned.She asked him: "How are you? People have been worried."To which he replied: "You know me, I just love a little drama. I'm good now, thank you, I had a little bit of a dodgy time but I'm good."His Welsh co-star then added: "You're looking well and back on track."Then he joked: "It's a lot of makeup..."This comes after Rylan assured fans he'll be back soon after pulling out of his radio show because of illness.The 33-year-old star had worried fans by sharing a picture of a cannula in his arm as he revealed he'd had an "extended trip" to hospital and would be missing his radio show.Rylan didn't elaborate on his condition, although days before he had said he had the flu, and fans were concerned.However, the TV star's latest snap seemed to suggest he's on the mend.The picture showed a jar packed full of sweet snacks, with more piled up on the table."Whenever I feel ill I turn into such a child," said the 33-year-old."Resting up be back sooooooon."Fans flocked to the comments section to leave get well soon messages after the Strictly: It Takes Two host posted his health update."Hope you're back to your old self soon," said one fan.Another posted: "Hope you'll be improving day by day.""Get well soon Rylan!" urged one of his followers.
DMCA