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"The Liberal government is now forecasting larger than expected deficits for the next two years even before adding billions in promised spending in its first budget, which will be tabled on March 22." (CTV News)
"In a surprise move, the Bank of Japan has introduced a negative interest rate. The benchmark rate of -0.1% means that commercial banks will be charged by the central bank for some deposits." (Source: BBC)
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.
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.