The Daily Chase: Pet Valu hikes dividend; Looking toward BoC rate announcement
BNN Bloomberg
North American equity market futures are pointing to a modestly higher open after yesterday's mixed results.
AWAITING THE BANK OF CANADA
Speaking of central bankers, we're looking ahead to tomorrow's rate decision out of the Bank of Canada, more for the commentary than the rate itself. The latter is expected to remain unchanged at 4.50 per cent – the former is more about an expansion of the view the BoC thinks it prudent to hold for the moment to see how eight hikes from the effective lower bound are impacting the economy. There's no press conference this time around to expound on the decision, but the bank's been good about scheduling a speech the next day that sort of acts as a proxy. In this case, it's Senior Deputy Governor Carolyn Rogers speaking Thursday, which will offer further clues on how the bank is viewing the inflation fight.
PET VALU HIKES DIVIDEND
