Rental costs are soaring! Major central banks face stubborn obstacles to curbing inflation

In the US, the UK, Canada, and Australia, rapidly rising housing costs — which weigh heavily in the consumer price index basket — are preventing inflation from falling back to the central bank's target level.

Zhitong Finance23:22 ET

Canadian Dollar Skittish on Tuesday Despite Improving Ivey PMI

Canadian Dollar easing but sticking to midrange

FXStreetMay 7 11:48 ET

Canada Dollar to Suffer From 'Relentless Decay' in Country's Competitiveness -- Market Talk

Economist David Rosenberg says the Canadian dollar is in a bear market, weakened by what he describes as a "relentless decay" in the economy's competitiveness relative to the U.S. In his morning note to clients, the head of Rosenberg Research says Canada might need a weaker CAD to help stem the tide of net direct investment outflows, totaling C$400 billion since 2014.

WSJMay 7 08:21 ET

Canadian Dollar Finds Room for Recovery in Quiet Monday Action

Canadian Dollar moves broadly higher in Monday rebound.

FXStreetMay 6 12:04 ET

Canadian Dollar Tumbles After US NFP Drives Markets

Canadian Dollar falls across the board on Friday.

FXStreetMay 3 12:21 ET

Bank of Canada Governor: The Bank of Canada may soon start cutting interest rates

The Zhitong Finance App learned that on Thursday, Bank of Canada Governor Tiff MacLem said that as inflation falls and remains low, the Bank of Canada may soon begin to cut interest rates. At the Finance Committee meeting, MacLem pointed out that inflation showed signs of another decline, indicating that the time to cut interest rates is approaching, but the central bank needs to be confident that this trend will continue. He further explained that Canada's economic growth has slowed. Oversupply of commodities, stable wage growth, and a cooling labor market are all helping to drive prices down. These are all key inflation indicators that the central bank is concerned about are developing in a positive direction. Despite this,

Zhitong FinanceMay 2 19:00 ET