




By Julie Gordon and David Ljunggren
OTTAWA (Reuters) - The Bank of Canada on Tuesday said if domestic demand was allowed to get too far ahead of supply, it could risk further boosting inflation, which is already at a 31-year high and more than three times the bank's target.
Senior Deputy Governor Carolyn Rogers (NYSE:ROG), in her first speech since joining the governing council in December, said interest rates would need to move higher. Her remarks did not refer to the bank possibly needing to act "forcefully", a phrase central bank officials have used in recent appearances.
"With the Canadian economy starting to overheat, we can't let demand get too far ahead of supply or we risk adding further to inflation," she told a women's business group in Toronto.
Rogers acknowledged interest rates remain low, despite the Bank of Canada making a rare 50 basis point (bps) increase last month to 1%, but reiterated they needed to go higher.
"Raising the policy rate will help moderate spending and rein in inflation," she said, adding the central bank is "committed to getting inflation back to target."
Rogers pointed to global supply chain bottlenecks and high commodity prices as the main drivers pushing Canada's inflation rate "close to 7%," well above the Bank of Canada's 1-3% control rate and 2% target.
Canadians are also spending more, business investment and exports are picking up, and unemployment is at a record low forcing employers to compete for workers, which will likely lead to wage inflation, she added.
The Canadian dollar was trading 0.2% higher at 1.2850 to the greenback, or 77.82 U.S. cents, as the greenback dipped against a basket of major currencies.
Money markets have fully priced in another 50 bps move at the Bank of Canada's next policy decision on June 1, with a 15% chance of a larger move.
Governor Tiff Macklem last week said Canada's economy was overheating, creating domestic inflationary pressures and reiterated higher rates were needed.
Inflation in Canada hit a 31-year high in March at 6.7%, amid broad price gains, it's 12th consecutive month above the central bank's 1-3% control range.
EUR/USD
1.0690
+0.0131 (+1.24%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
EUR/USD
1.0690
+0.0131 (+1.24%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
GBP/USD
1.2583
+0.0096 (+0.77%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
USD/JPY
127.92
+0.07 (+0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
AUD/USD
0.7107
+0.0073 (+1.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
USD/CAD
1.2773
-0.0063 (-0.49%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (6)
EUR/JPY
136.75
+1.74 (+1.29%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (11)
Sell (0)
EUR/CHF
1.0325
+0.0029 (+0.28%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (6)
Gold Futures
1,852.14
+10.04 (+0.55%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (4)
Silver Futures
21.773
+0.099 (+0.46%)
Summary
NeutralMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (5)
Sell (1)
Copper Futures
4.3435
+0.0685 (+1.60%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Crude Oil WTI Futures
110.65
+0.37 (+0.34%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Brent Oil Futures
110.99
+1.00 (+0.91%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Natural Gas Futures
8.853
+0.675 (+8.25%)
Summary
BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (4)
Sell (3)
US Coffee C Futures
215.58
-0.27 (-0.13%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Euro Stoxx 50
3,708.39
+51.36 (+1.40%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
S&P 500
3,974.02
+72.66 (+1.86%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
DAX
14,175.40
+193.49 (+1.38%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
FTSE 100
7,513.44
+123.46 (+1.67%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
Hang Seng
20,470.06
-247.18 (-1.19%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (4)
US Small Cap 2000
1,793.20
+24.85 (+1.41%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (9)
Sell (0)
IBEX 35
8,625.80
+141.30 (+1.67%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
BASF SE NA O.N.
49.735
+0.885 (+1.81%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Bayer AG NA
64.47
+0.73 (+1.15%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (8)
Sell (0)
Allianz SE VNA O.N.
199.38
+3.80 (+1.94%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
Adidas AG
175.48
+2.68 (+1.55%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Deutsche Lufthansa AG
6.903
+0.051 (+0.74%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (2)
Sell (3)
Siemens AG Class N
116.70
+1.62 (+1.41%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (7)
Sell (1)
Deutsche Bank AG
10.018
+0.656 (+7.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
EUR/USD | 1.0690 | ↑ Buy | |||
GBP/USD | 1.2583 | ↑ Buy | |||
USD/JPY | 127.92 | ↑ Buy | |||
AUD/USD | 0.7107 | ↑ Buy | |||
USD/CAD | 1.2773 | ↑ Sell | |||
EUR/JPY | 136.75 | ↑ Buy | |||
EUR/CHF | 1.0325 | ↑ Sell |
Gold | 1,852.14 | Sell | |||
Silver | 21.773 | Neutral | |||
Copper | 4.3435 | ↑ Buy | |||
Crude Oil WTI | 110.65 | ↑ Buy | |||
Brent Oil | 110.99 | ↑ Buy | |||
Natural Gas | 8.853 | Buy | |||
US Coffee C | 215.58 | ↑ Buy |
Euro Stoxx 50 | 3,708.39 | ↑ Buy | |||
S&P 500 | 3,974.02 | ↑ Buy | |||
DAX | 14,175.40 | ↑ Buy | |||
FTSE 100 | 7,513.44 | ↑ Buy | |||
Hang Seng | 20,470.06 | Neutral | |||
Small Cap 2000 | 1,793.20 | ↑ Buy | |||
IBEX 35 | 8,625.80 | ↑ Buy |
BASF | 49.735 | ↑ Buy | |||
Bayer | 64.47 | ↑ Buy | |||
Allianz | 199.38 | ↑ Buy | |||
Adidas | 175.48 | ↑ Buy | |||
Lufthansa | 6.903 | Neutral | |||
Siemens AG | 116.70 | ↑ Buy | |||
Deutsche Bank AG | 10.018 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,890/ 6,990 (0/ 0) # 1,765 |
SJC HCM | 6,905/ 6,995 (0/ 0) # 1,769 |
SJC Hanoi | 6,905/ 6,997 (0/ 0) # 1,771 |
SJC Danang | 6,905/ 6,997 (0/ 0) # 1,771 |
SJC Nhatrang | 6,905/ 6,997 (0/ 0) # 1,771 |
SJC Cantho | 6,905/ 6,997 (0/ 0) # 1,771 |
Cập nhật 24-05-2022 03:09:42 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,853.51 | +7.69 | 0.42% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 31.250 | 31.870 |
RON 95-III | 30.650 | 31.260 |
E5 RON 92-II | 29.630 | 30.220 |
DO 0.05S | 25.550 | 26.060 |
DO 0,001S-V | 26.350 | 26.870 |
Dầu hỏa 2-K | 24.400 | 24.880 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $109.83 | -0.13 | -0.12% |
Brent | $111.07 | -0.53 | -0.48% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.005,00 | 23.315,00 |
EUR | 23.899,86 | 25.238,69 |
GBP | 28.277,10 | 29.483,51 |
JPY | 176,47 | 186,83 |
KRW | 15,80 | 19,25 |
Cập nhật lúc 18:52:02 23/05/2022 Xem bảng tỷ giá hối đoái |