Bloomberg Governor Tiff Macklem acknowledged there’s potential for even larger increases to borrowing costs as the Bank of Canada (BOC) aggressively wrestles inflation down from a three decade high. Macklem and his officials delivered the first 50-basis-point increase in interest rates among Group of Seven nations last week and signalled more hikes to come. This week, annual consumer price gains …

Bloomberg Global bonds added to this year’s epic rout as traders brace for the most aggressive Federal Reserve interest-rate hikes in 40 years and the likelihood most global central banks will also tighten. The policy-sensitive two-year yield climbed as much as eight basis points on Friday to 2.76%, the highest since late 2018, after Fed Chair Jerome Powell said overnight …

  Bloomberg Shareholders in some of the biggest US companies reaped wealth gains in the pandemic that outpaced pay hikes for their employees by more than 50 to 1, according to a study by the Brookings Institution. The report — focused on 22 industry leaders, including Amazon.com Inc. and McDonald’s Corp. — found that stockholders added some $1.5 trillion in …