Bloomberg The Bank of Canada (BOC) will maintain its 2% inflation target for the next five years, but has formally been given license to moderately overshoot it to “support maximum sustainable employment.” In a mandate renewal released jointly with the Canadian government, the government directed the central bank to use monetary policy to boost employment levels as long as ...

  Bloomberg Citigroup Inc, which typically advises the world’s biggest companies, is hunting for smaller clients in Australia, targeting businesses with revenue of as little as $53 million to get a competitive advantage in major deals down the track. The US lender, which set up a commercial-banking business in Australia in 2019, is planning to expand its team to 35 ...

  Bloomberg A rebound in stocks moderated on Wednesday, while US futures drifted lower amid uncertainty over the omicron virus strain’s economic impact and a foggy outlook for US fiscal stimulus. Gains in tech shares offset declines in cyclical sectors in Europe, while a gauge of Asia-Pacific shares was in the green. Trading volume was lower than the 30-day average ...