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PBOC Maintains Main Rate at 3.85%

The People’s Bank of China kept its key lending rate steady at 3.85% for the fifth month in a row, as this measure was in line with expectations. The People’s Bank of China kept the lending rate for five years at 4.65%. Most of the new and maturing loans depend …

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Canadian Retail Sales Rise by 0.6% in July

Retail Sales in Canada increased by 0.6% in July to $52.9 billion, the data published by Statistics Canada showed on Friday. This reading followed June’s increase of 0.7% and fell short of the market expectation of 1%. “Core retail sales, which exclude these two subsectors, declined 1.2% on lower sales …

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