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Futures Slip Again as Markets Brace for More Volatility After Davos

  U.S. stock futures edged lower early Wednesday, extending the unease that followed a sharp sell‑off in the previous session. Dow futures dipped, S&P 500 futures softened, and Nasdaq futures also slipped as investors continued to process the market’s sudden shift in sentiment. The downturn comes on the heels of President Donald Trump’s appearance at the World Economic Forum in Davos. His remarks, delivered against a backdrop of global uncertainty, did little to calm investors already rattled by geopolitical tensions and renewed concerns about the economic outlook. Tuesday’s sell‑off marked one of the most turbulent trading days in recent months, driven by a flight to safety and heightened anxiety across global markets. With futures pointing lower again, traders appear to be bracing for another cautious session as they look for signs of stability.
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Bank of Canada Poised for Another Interest Rate Cut

 

The Bank of Canada (BoC) is widely expected to announce another interest rate cut today, with forecasters leaning towards a half-percentage point reduction. This move would bring the BoC's key rate down to 3.25%, marking the fifth consecutive rate cut since June.

The decision follows the November labour force survey, which showed the unemployment rate rising to 6.8%. The central bank had previously lowered its benchmark interest rate by half a percentage point in October in response to inflation returning to its two percent target.

Governor Tiff Macklem has emphasized that the decision will be data-dependent, and the recent economic indicators have solidified expectations for another significant cut.

The BoC's efforts to manage inflation and support economic growth have been closely watched by market analysts and economists, who are keen to see how these measures will impact the Canadian economy moving forward.




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