加拿大中央银行下周将再减利息

yxia · 发表于 2008-12-4 16:26

Julian Beltrame, THE CANADIAN PRESS
December 04, 2008
OTTAWA - With government in hibernation, the task has fallen on Bank of Canada governor Mark Carney to do the heavy lifting in injecting stimulus to a weakening economy expected to shed thousands of jobs when the latest unemployment numbers are released Friday.

Thursday's suspension of Parliament until late January means the central bank's expected cut in interest rates next week will be the main stimulus to the economy until the next federal budget scheduled for Jan. 27.

A consensus of economists surveyed predicts Canada's current unemployment rate of 6.2 per cent will jump two-tenths of a point to 6.4 per cent for November, with outright job losses of 15,000.

Some economists believe the bleeding will be even greater - with as much as 45,000 jobs lost - giving a clear indication that the economy has fallen into recession.

Royal Bank economist Paul Ferley says the jobs numbers, including those coming from the U.S., will be closely watched by Carney, who makes his decision on interest rates next Tuesday.

Economists believe a half-point cut to 1.75 per cent - the lowest in Canadian history - is likely, but many are not ruling out an even bigger reduction of up to three quarters of a percentage point.

The central bank may be influenced "in the margins" by the shutting down of Parliament until Jan. 26, which will delay for at least two months any stimulus package for the economy, said Ferley.

"To some extent, fiscal policy has been suspended and so it puts more weight on monetary policy," he said. Adding pressure on Carney is the fact that European banks moved Thursday to make deep cuts to their interest rates, along with fresh evidence in Canada of an economy on the skids, including reports on bankruptcies and building permits.

Bankruptcies in Canada rose to 9,468 in October, up 7.2 per cent from September and 21.1 per cent from October 2007. Meanwhile, the value of building permits fell 15.7 per cent in October as construction intentions for homes and non-residential sectors declined in most provinces.

Prime Minister Stephen Harper said he will use the parliamentary timeout to cobble together a budget that will include a stimulus package, but the budget is not expected until at least Jan. 27.

"The government's work - my work - over the next few weeks will be focused almost exclusively on preparing the federal budget," he said outside the Governor General's residence.

"So that's what I'll be concentrating on and I hope the other parties will be concentrating on exactly the same thing because regardless of the machinations in Parliament, Canadians expect us to get on with this and that's what we're doing."

In a related development Thursday, the Canadian Chamber of Commerce urged all parties to focus on the economy now that the Governor General has suspended Parliament.

"That puts the ball squarely in the government's court and it needs to act now," said Perrin Beatty, the chamber's president and CEO. "We call upon each of the parties to set partisanship aside and co-operate in getting our economy moving again."

Specifically, the Canadian Chamber has asked the government to:

-Consult with the business community and the provinces to identify and speed up priority infrastructure projects.

-Stimulate the economy to foster economic growth, but define a clear plan to avoid a return to long-term structural deficits.

-Target troubled sectors of the economy and speed up the elimination of internal trade barriers.

In addition, the chamber asked the government to work with other countries to restore global economic growth and it urged the Bank of Canada to ensure liquidity and the availability of credit for Canadian businesses and consumers.

YOKO · 发表于 2008-12-4 19:00

萨隆吧斯 · 发表于 2008-12-4 19:36

annieyang · 发表于 2008-12-4 21:36

韩韩 · 发表于 2008-12-5 16:45

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