“Analysts forecast U.S. consumer price inflation, to be released on Wednesday, to have slowed to 1.9 percent in January from a year earlier, while the core measure is seen ticking down to 1.7 percent… An above-forecast figure could well spark a fresh selloff in stocks and bonds. Central bankers have not exhibited much concern over the equity rout, indicating they intend to push on with plans to tighten monetary policy this year.” (Reuters)
“For months the consensus has been that interest rates in Canada would remain stable right into 2018. Now Bank of Canada governor Stephen Poloz and his colleagues are dropping broad hints that the central bank will move a lot sooner, perhaps as early as next Wednesday’s meeting.” (Toronto Star)
« Alberta will soon have an economy-wide carbon price. Over time, it will reduce the province’s greenhouse gas emissions and drive the innovation and cost reductions crucial for the future prosperity of the oil and gas sector. » Op-ed coauthored by Chris Ragan, associate professor of economics at McGill University.
Read more: Edmonton Journal
The U.S. central bank began raising interest rates Dec. 16 from record lows, as it hiked its benchmark rate by a quarter of a percentage point. (Source: CBC)
Chris Ragan, Department of Economics
“Increases in the policy interest rate in the United States will reflect the data showing that the U.S.
Economy is really strengthening, after years of a sluggish recovery.
Montreal Gazette | Jan 25, 2015
BY: Rene Bruemmer
The Canadian committee of economists headed by McGill University economics professor Chris Ragan, are looking at ways Canada can follow the lead of other countries and start taxing pollution instead of jobs and profits, without hurting taxpayers or Canadian firms’ ability to compete internationally.
Read the full story here
With the U.S. Presidential Election Day on November 6, Americans must decide whether to re-elect President Barack Obama for a second term or vote for Republican candidate Mitt Romney.