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Wall Street Futures Rebound After Rocky Start to December

U.S. stock futures showed signs of recovery on Tuesday, offering investors a cautious sense of optimism after a turbulent beginning to December. The S&P 500 futures rose 0.3% , while the Nasdaq 100 added about 0.4% , and contracts tied to the Dow Jones Industrial Average hovered slightly above the flatline . The rebound comes after Monday’s sharp losses, which snapped five-day winning streaks across all three major indexes. December is historically a strong month for equities, but the early stumble fueled debate over whether this year will see the traditional “Santa Claus rally” or a more subdued finish. Beyond equities, Bitcoin edged back above $87,000 , halting a weeks-long slide that had culminated in its worst single-day drop since March. Crypto-linked stocks such as Coinbase and Robinhood also saw modest gains, reflecting improved sentiment in risk assets. Market watchers point to easing Treasury yields and softer inflation signals as factors helping to stabilize investor ...

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Bank of Canada’s Interest Rate Decision: What to Expect and What It Means for Canadians

 

The Bank of Canada’s interest rate decision is expected to be announced on Wednesday, January 24th, 2024. 

Economists are eagerly watching for any hints on when the bank plans to start cutting interest rates. Although the central bank might still keep the door open to more rate hikes on Wednesday, it’s unlikely that they’ll need to exercise that option.


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