The governing council agreed earlier this month that "the data clearly indicated that excess demand and elevated core inflation were proving to be more persistent than expected," the minutes said. The price of heavy Canadian crude oil has climbed about 20 per cent in 2023, a bright spot for the major producers set to begin reporting second-quarter financial results next week. Due to its lower quality, heavy oil like WCS trades at a discount to light sweet crudes like WTI. However, money markets still see a chance for another rate hike this year. Canadian heavy oil outlook has seldom (if ever) been this strong. On Monday, a BoC survey of market participants showed a median of the participants expect the bank to hold interest rates at 5.00% until the end of 2023, before starting to cut rates in March. The Motley Fool Is it Time to Buy Cineplex Should you buy Cineplex Here's a look at the case for investing (or not investing) in Canada's largest entertainment company. Many analysts are beginning to bet that the overnight rate will not go up any further. But they did not want to do more than they had to." The governing council members also agreed they were prepared to raise rates further "if inflation pressures did not ease as projected and progress toward the 2% target stalled. The consensus was that "the cost of delaying action was larger than the benefit of waiting," the BoC said. By Steve Scherer and David Ljunggren OTTAWA, July 26 (Reuters) - The Bank of Canada discussed delaying a hike to its key overnight rate at the last meeting before deciding on a raise to ensure. Governor Tiff Macklem said at the time that the Bank of Canada (BoC) would base future policy decisions - the next one is due Sept 6 - on incoming data and the outlook for inflation.Īccording to the summary of deliberations, or minutes, the six governing council members discussed "whether it was appropriate to raise the rate in July or wait for more evidence". It also lifted its 2023 growth forecast and pushed back by six months to mid-2025 its expectations for getting inflation to its 2% target. She continued to be unlucky in front of goal, however, with a number of chances being steered away by Irish keeper Courtney Brosnan, who made six saves on the day.The bank announced a 25 basis point increase in rates to a 22-year-high of 5.0% on July 12. Jordyn Huitema was once again a focal point for the Canadian squad, relied upon for her aerial ability to head balls down to teammates in the attacking half and using her speed to get to the touchline and whip crosses into the box. Jessie Fleming's inclusion in the starting 11 was also refreshing for Canada, as the creative midfielder provided a spark to the team that they lacked in their draw with Nigeria, which the 25-year-old was forced to sit out with an injury.
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Priestman did not have an update on the 27-year-old's health immediately after the game, but the team will hope their defensive leader won't miss any significant time.
Buchanan was also struck at close range by a hard shot in the first half and was visibly shaken. Zadorsky replaced star defender Kadeisha Buchanan, who had missed training the day before the match due to illness. Zadorsky's presence in the middle of the defence stumped Ireland's forwards, who had little to no space to threaten keeper Kailen Sheridan's net. The move proved to be a stroke of genius, as both Sinclair and Schmidt settled the game down and wisely managed the flow of play. Priestman chose to introduce a trio of substitutions at halftime, bringing on Sinclair, Schmidt and Shelina Zadorsky, three of Canada's most experienced players.
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"Second half, that's what I love about this team, they did whatever it took to win, we know how to win, and we did it when it really mattered. I think in the first 20 minutes, the occasion got to them, it was like playing in Australia at home again," she said post-game. Priestman admitted she was most proud of her team's resilience in accomplishing the come-from-behind win. Christine Sinclair is going to want to have this one back as she can't corral the cross! #FIFAWWC /uNqmhQGYbMĬanada would hold off the Irish relatively comfortably as they saw out the victory and took home all three points, while also claiming top spot in Group B.
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