The much-anticipated rate cut decision has finally arrived, with the Federal Reserve announcing a 50 basis point rate cut! At this pivotal moment, investors need to have a deeper understanding of the background and impact of rate cuts.
Since March 2022, in a bid to curb inflation, the Fed has hiked rates 11 times, bringing it to the current range of 5.25%-5.50%. Now that inflation is under control, the calls for a rate cut are growin...

The fiscal Q3 earnings for the Canadian Big Five Banks are forecast to show an overall modest increase in earnings per share of approximately 5%, which could be offset by a downturn for Scotiabank due to higher loan-loss provisions. Revenue is projected to increase by an average of 4%, despite tepid loan growth, buoyed by a stable net interest margin. The strong presence in capital markets may prove advantageous for certain b...