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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...
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Wall Street Holds Steady Ahead of a Monster Week

 

The stock market in Wall Street has been holding steady ahead of a massive week. The S&P 500, the Dow, and the Nasdaq composite were little changed in early trading on Monday. Big Tech stocks are the main reason the S&P 500 has soared to a record high since two autumns ago. Seven of them have been responsible for the majority of the index’s returns over that time, and five of those will report their latest results this week: Apple, Alphabet, Amazon, Meta Platforms, and Microsoft. 

The U.S. Federal Reserve is scheduled to announce its monetary policy on Wednesday, with traders not anticipating a rate cut. This week will also bring another trove of corporate earnings, including the biggest technology companies in the world.


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