The record stands at two consecutive seasons with

first_imgThe record stands at two consecutive seasons with two losses or less at home — Whisenhunt accomplished that during a swell of Cardinals fervor when Arizona went 8-8 in 2007 and headed to the Super Bowl the year after. Then the home losses started stacking up — there were 14 of them between 2009-2012 — and fans and players alike suffered. Things are different now.Cardinals head coach Bruce Arians has the chance to follow last year’s two home losses with a big, fat goose egg in the loss column this year, and become the first coach to do so at University of Phoenix Stadium. It has been a little over 11 months since the last time the Arizona Cardinals lost a game at home. The last one came Dec. 29, 2013 — a 23-20 loss to the San Francisco 49ers. This season, the Cardinals are one of five NFL teams with an undefeated home record, joining Green Bay, Philadelphia, New England and Denver. It’s an elite club and Arizona is a part of it. In two years, Bruce Arians has helped re-cultivate this home-field culture and in doing so has attained the best home record of any of the seven second-year NFL head coaches. Arizona has beaten its opponents at University of Phoenix Stadium by an average of 8.1 points, with its biggest win notched at 31-14 over the St. Louis Rams on Nov. 9, and its closest shave scraped over San Diego on Sept. 8, 18-17. Former Cardinals kicker Phil Dawson retires It’s been a long time since University of Phoenix Stadium has meant a consistent home-field advantage for the Arizona Cardinals. Since the stadium’s inaugural season in 2006, no coach has lost less than two home games in a season. Former head coach Ken Whisenhunt lost seven home games in his first two seasons at University of Phoenix Stadium (and tallied at least four home losses in four of seven seasons at UOP), and while he managed to record three seasons with two home losses, two were immediately followed by at least four losses at home the next year. And get this — Arizona’s hiring of Arians in 2013 was his first official NFL head coaching job. Not too shabby for a “beginner”. After a 10-6 record in his first season (the second-most wins in a Cardinals head coach’s inaugural season), Arians proved his chops at home weren’t just beginner’s luck.He’s now at nine wins for the second-straight season with four games left, two of which the Cardinals will host — Sunday vs. Kansas City and Dec. 21 against Seattle. Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Top Stories Grace expects Greinke trade to have emotional impactlast_img read more

Bank of Canadas Stephen Poloz gets chance today to put rate cut

first_img What you need to know about passing the family cottage to the next generation 0 Comments Sponsored By: Theophilos Argitis Recommended For YouShaw Communications is selling its stake in Corus Entertainment for $548 millionB.C. vows to appeal after top court says province can’t restrict oil shipments across its bordersElectroneum Major Upgrade Makes ETN the World’s Most Secure Decentralised and Eco-friendly Crypto, and Reduces Block Rewards by 75%Civic Network Expands with the Civic Pay App and 12 Automated Retail PartnersBusiness Highlights Bank of Canada Governor Stephen Poloz has an opportunity Monday to address market expectations that his next move will probably be an interest-rate cut.Poloz speaks in Iqaluit, the capital of the northern territory of Nunavut, in his first appearance since the Federal Reserve’s surprise dovish policy shift two weeks ago triggered concern about the state of the global economy. A segment of Canada’s yield curve considered a potential recession signal inverted March 22 for the first time since 2007. Investors now see a strong chance of a cut by the Bank of Canada over the next 12 months.This raises a major challenge for Poloz, one of the few central bankers worldwide still talking about the need — at least over time — for rates to move higher. Whether he shrugs off the latest market moves remains the big question ahead of the central bank’s next decision on April 24. As income pie shrinks, Ottawa and business talk past each other Canada’s debt to GDP ratio: ‘Nerve-racking to see debt servicing costs rising so quickly,’ RBC economist says ‘The yield curve is the best economist out there’: What Canada’s first inverted curve in 12 years tells us “We don’t think it’s appropriate to be talking about cutting rates at this juncture,” said Doug Porter, chief economist at Bank of Montreal. Poloz “could take one more turn of the dovish screw, I suppose, by going completely neutral — although I believe it would be more appropriate to do that at the next decision date. ”The gap between Canadian three-month and 10-year rates went negative on March 21, tracking a similar move in the U.S. For investors predicting a recession south of the border, it wouldn’t be far-fetched to assume Canada would be pulled into one as well. All of the country’s last eight recessions have coincided with contractions in the U.S.Related Stories:High-flying loonie could give Bank of Canada pause in this week’s interest rate decisionBank of Canada to diverge from Fed’s easing path this year‘We see Bank of Canada on hold for next couple of years’: What the economists say about Wednesday’s rate decisionLast StatementsThe Bank of Canada hasn’t said much during the recent turbulence. Its last public communication was a March 14 speech by Senior Deputy Governor Carolyn Wilkins in which she highlighted the vulnerabilities created by global leverage but said the central bank expects the worldwide expansion to continue and Canada’s economic growth to pick up after a weaker-than-expected first half.Her comments reiterated language from the central bank’s decision on March 6, when it left rates unchanged and toned down its conviction that interest rates need to go higher, while sticking to an overall hiking stance.Poloz’s speech, titled the “Importance of Trade,” will be published at 2:55 p.m. Ottawa time. Iqaluit is situated 195 miles south of the Arctic Circle.Even as markets continue to bet on cuts, the data is mixed enough to keep Poloz on the sidelines for the foreseeable future. The latest gross domestic product data show the economy expanded at a 0.3 per cent pace in January, painting a less bleak picture than feared. Growth is tracking an annualized first-quarter pace of more than 1 per cent, a big improvement from the previous quarter’s 0.4 per cent.What Bloomberg’s Economists Say“The Canadian expansion faces a host of challenges in 2019. Escalating global risks and weaker-than-expected GDP at year-end signal below-trend growth this year. This means inflationary pressures should be subdued, which will allow the Bank of Canada to pause on its path back to neutral to assess the changing landscape.”The Bank of Canada will release a new set of quarterly economic forecasts at its April meeting that will likely be revised down. In January, it forecast growth of 2 per cent in 2018 and 1.7 percent this year. The 2018 number came in at 1.8 per cent. Economists have since lowered estimates for 2019 closer to 1.5 per cent.Neutral RatePolicy makers will also use the April meeting to review their neutral interest rate forecast — a key variable for plotting decisions. The measure is used to gauge how stimulative the policy rate is: the bigger the gap between the actual rate and the neutral rate, the more stimulative the policy, while a smaller gap would indicate fewer hikes are required. A downward revision would imply current policy is tighter than previously assumed.Until now, the central bank has estimated the neutral rate is between 2.5 per cent and 3.5 per cent, versus a policy rate of 1.75 per Bank of Canada’s Stephen Poloz gets chance today to put rate cut speculation on ice Investors now see a strong chance of a cut by the Bank of Canada over the next 12 months Comment advertisement Facebook ← Previous Next → Featured Stories Bank of Canada Governor Stephen Poloz speaks Iqaluit, the capital of the northern territory of Nunavut, Monday, April.Canadian Press/Graham Hughes Join the conversation → Share this storyBank of Canada’s Stephen Poloz gets chance today to put rate cut speculation on ice Tumblr Pinterest Google+ LinkedIn Twitter Bloomberg News More Reddit Email April 1, 201910:34 AM EDT Filed under News Economy last_img read more