On the request of US President Trump after threatening NATO member countries and calling them “cowards”, UK, France and Japan has agreed to send it’s ships to secure Strait of Hurmuz. Iran is not allowing US and Israel’s ships to pass the Strait. Initially they stopped all the ships to pass but later allowed all the ships carrying oil except the two. In the meantime the oil facilities are burning and oil prices has touched US$112.
Can’t Have 2 Base Rates – Carolyn Rogers
The Bank of Canada indicates that interest rates may remain steady or increase rather than decrease in the near term. Senior Deputy Governor Carolyn Rogers
