Skip to main content

Featured

Canada Holds Steady: Interest Rate Pause Signals Cautious Confidence

                      The Bank of Canada also held its policy rate at its last scheduled rate announcement in December. The Bank of Canada has opted to keep its key interest rate at 2.25% , a move that underscores a careful balancing act as the country approaches a pivotal moment in North American trade relations. With CUSMA (the Canada‑United States‑Mexico Agreement) negotiations on the horizon, policymakers appear intent on maintaining stability while assessing potential economic turbulence. The decision reflects a mix of optimism and prudence. Inflation has been easing gradually, giving the central bank some breathing room. At the same time, global economic uncertainty and the high stakes of upcoming trade talks mean officials are reluctant to introduce new variables into the financial system. By holding the rate steady, the Bank of Canada signals confidence in the economy’s underlying resilience while acknowledgin...
Post a Comment
Read more

article

Labels

Wall Street’s Bears Warn of Risks to Stocks Amid Slowing Economy


Wall Street’s stock sell-off is intensifying as concerns grow over the health of the US economy Dow Jones Industrial Average futures dropped 800 points, while Nasdaq 100 futures fell nearly 5%, and S&P 500 futures declined almost 3%. The CBOE Volatility Index soared to its highest level since the early days of the COVID-19 pandemic.

The global stock market is experiencing a rapid sell-off following a lackluster US jobs report, raising concerns about the economy and the Federal Reserve’s timing on interest rate cuts. Major companies like Apple, Nvidia, and Tesla saw significant declines, and Bitcoin dropped over 15%.

The sell-off has spread globally, with Japan’s Nikkei 225 experiencing its biggest-ever daily loss. Oil prices also fell, with WTI crude futures nearing $72 a barrel. This week, US unemployment claims will be closely watched for further economic insights.



Labels:

Comments

Post a Comment