Bank of Canada Says Oil Prices to Damp Growth, Boost Inflation
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The Bank of Canada said it expects oil prices to remain above $50 a barrel until the second half of 2005, damping the country&#39;s economic growth and fueling the fastest inflation since the first quarter of 2003.
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Rising oil prices will weigh on U.S.  economic growth, but the increases seen so far will not derail  the expansion and need not fuel a troubling inflation, Federal  Reserve Board Governor Ben Bernanke said on Monday.
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ALBUQUERQUE, N.M.  - High oil prices will probably  brake U.S. growth but will not derail the economy provided  there is not another sharp spike upwards, a top Federal Reserve  policymaker said on Tuesday.
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Rising oil prices will weigh on U.S. economic growth, but the increases seen so far will not derail the expansion and need not fuel a troubling inflation, Federal Reserve Board Governor Ben Bernanke said on Monday.
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The European Central Bank president warns that rising inflation fuelled by oil prices remains a concern.
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OTTAWA (CP) - Although oil prices, the loonie and interest rates are all headed higher, Canadian consumers are keeping their chins up, says the Bank of Canada.
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OTTAWA (CP) - Weighed down by a strong dollar, the economy will grow at a slightly slower pace this year than previously thought, the Bank of Canada said Thursday.
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Near-record oil prices will slow US economic growth but won&#39;t be enough to derail a self-sustaining expansion, US Federal Reserve officials said on Monday.
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The steady rise in the value of the Canadian dollar left a clear imprint on Friday on the job market by slowing growth, cutting positions and pushing the unemployment rate for last month up to 7.3 percent.
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FRANKFURT: The European Central Bank (ECB) staged a tough balancing act yesterday, sharpening its warnings about the inflationary dangers of high oil prices but noting that costly energy is also softening economic growth.
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Rising oil prices are slowing growth across the world but key emerging economies such as China and India will continue to support the near-term outlook for commodities, the world's largest mining company said Friday.
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&quot;The sharp rise in oil prices has contributed to the weakening of the expansion in recent months, and will likely continue to do so for several quarters,&quot; the IMF report said.
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High oil prices will probably brake US growth but will not derail the economy provided they do not rise sharply from current levels, top Federal Reserve policymakers said on Tuesday.
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Rising oil prices will weigh on U.S. economic growth but the increases seen so far will not derail the expansion, Federal Reserve Board Governor Ben Bernanke said on Monday.
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Oil prices have shaped the Federal Reserve's outlook for the U.S. economy but an upgrade of second quarter GDP boosts its confidence that growth is regaining momentum, a top Fed policymaker said on Thursday.
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The U.S. economy may lose a step to  record high oil prices but concerns over inflation are likely  to keep the Federal Reserve on a steady course of gradually  raising interest rates, analysts say.
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U.S. economic growth is expected to slow in 2005 due to rising interest rates and high crude oil prices, according to a forecast of participants at a Federal Reserve Bank of Chicago conference released on Monday.