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Discussions of economic issues in policy circles often suffer from a “which way is up?” dilemma; it’s not clear what the problem is that needs to be solved.

PetroChina Co. paced losses for energy companies as oil extended its decline from the lowest close in more than six years.

Some participants also discussed the risk that a possible divergence in interest rates in the United States and overseas might lead to further appreciation of the dollar, extending the downward pressure on commodity prices and the weakness in net exports.

“Only the “national team”… would be able to turn the tide like this”, said Yingda Securities analyst Li Daxiao, referring to entities acting for the government.

Members of the Fed will see the release of the Consumer Price Index report for August, due September 16, on the morning of the start of their next monetary policy meeting.

On its part, China has increased its presence on the continent funding major infrastructure projects in a number of Sub-Saharan Africa countries as it sort to gain a upper hand in deals that involve raw material for its fast growing industries back home.

At a press conference, he said he stuck to his personal view that the decision about when to start raising rates from 0.5 per cent now was likely to come into sharper relief at the turn of the year.

Despite the central bank maintaining the key rate, governor Mark Carney insisted that the time for a hike is moving closer.

The Bank of England (BoE) Thursday voted 8-1 to keep its main interest rate Bank Rate unchanged at 0.5 percent, and kept the quantitative easing (QE) policy at 375 billion pounds.

On Thursday, only one member of the Monetary Policy Committee, a BoE panel which determines the setting of rates, voted to increase interest rates to 0.75%.

“A re-elected Conservative government will commit to collecting comprehensive data on the foreign non-resident purchase of Canadian real estate”.

After China’s surprise devaluation of the yuan, U.S. financial markets have slightly pushed rate hike expectations to December. Neither of these has reached a satisfactory level by Fed measures.

“(The Monetary Policy Committee) decided to leave the key rate at the current level, given budding signs of an economic recovery and increased market volatility”, BOK Gov. Lee Ju-yeol said in a press conference.

“NDP policy is sustainable development, overseen by strong enviro review process which Harper has destroyed”, McQuaig tweeted on Friday afternoon.

A Calgary woman whose 22-year-old son was killed while fighting with Islamic extremists in Syria says Stephen Harper is looking for a “quick fix” to deal with terrorism instead of dealing with the root cause of radicalized youth.