Still, the announcement marked the first time in more than a year that the Bank of Canada has hinted it would have to eventually tighten its monetary policy — a move many economists expect will occur in the fall. (canadianbusiness.com)
In economic news, U.S. producer prices fell for the first time in more than a year. (cnbc.com)
For the first time in more than a year, policymakers have dropped any reference to rates eventually rising (canuckpost.com)