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Canada's Stock Market Hails BoC Rate Cut, Loonie Dips
US News & World Report· 8 hours agoTORONTO (Reuters) -Canadian stocks and bonds rallied on Wednesday, while the loonie touched a near two-week low against its U.S. counterpart, after the Bank of Canada became ...
ECB to Begin Cutting Rates Even as Inflation Fight Continues
US News & World Report· 4 hours agoECB policymakers have clearly telegraphed their intention to lower borrowing costs...spiralling prices in the wake of Russia's invasion of Ukraine. Now, the ECB will join the central banks of ...
Morning Bid: Dip Buying Persists, Canada Set to Ease
US News & World Report· 16 hours agoAided by this week's plunge in energy prices and crude oil back at February levels, U.S. Treasury yields ebbed further on Tuesday before steadying today as they await the big jobs release later ...
Markets Roar Back, China Trade Too?
US News & World Report· 4 hours agoAfter struggling for days to take advantage of tumbling U.S. bond yields, pushed lower by increasingly gloomy signals on the U.S. growth outlook, Wall Street snapped back on Wednesday, surging ...
Canadian Dollar Outlook Dims on Expected Interest Rate Divergence
US News & World Report· 16 hours agoThe Canadian dollar is set to strengthen less than previously expected over the coming year if the Bank of Canada begins cutting interest rates ahead of the Federal Reserve ...
Economists Expect Bank of Canada to Cut Interest Rate Wednesday
US News & World Report· 16 hours agoThe Bank of Canada (BoC) is likely to cut its key overnight rate for the first time in more than four years on Wednesday, economists said, backed by a raft of data that points ...
Hybrid Vehicles Aren't Just Bridge to EVs, Ford Chief Says
US News & World Report· 6 days agoFord CEO Jim Farley wants the industry to stop viewing hybrid vehicles as only an interim solution to be used until drivers are comfortable going fully electric. "We should stop talking about ...
Dollar Finds Footing as Traders Turn to US Services Data
US News & World Report· 1 day agoThe dollar steadied on Wednesday as traders pared back on riskier bets in emerging markets while waiting on an interest rate decision in Canada and on U.S. services data.
Asia Shares Rally on Hopes for More Rate Cuts This Week
US News & World Report· 3 days agoAsian share markets rose on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky ...
Canadian Economy Misses First-Quarter Growth Forecast, June Rate Cut Bets Up
US News & World Report· 6 days agoThe data prompted financial markets to increase bets on a 25 basis point interest rate cut next week to almost 80% from 66% earlier. The quarterly growth rate was slower than the 2.2% pace forecast ...
