On June 5th, the central bank reduced its overnight lending rate from 5% to 4.75%, marking the first decrease after a series of hikes that commenced in March 2022.
On July 23, the Bank of Canada made the second rate cut since 2022 from 4.75% to 4.5% considering Canada's inflation fell to 2.7% in June.
Going forward, more cuts to come?
Tiff Macklem, the governor of the Bank of Canada, said on Wednesday “If inflation cont...

Small profit is still considered a profit.
Good day, my friend.
Continue to grow tomorrow.

Investor sentiment is high for a September rate cut, fueled by Federal Reserve Chairman Jerome Powell's remarks on the cooling U.S. economy, hinting at a possible easing of monetary policy. This upbeat mood persists despite the headwinds of corporate earnings reports and political unpredictability.
Expected rate cuts could particularly help smaller businesses with high borrowing costs. The $S&P 500 Index has surged ...

The European and American stock markets experienced two consecutive days of decline last week. The large-scale sell-off in US stocks intensified on Friday. In particular, technology stocks were hit hard. Although the Dow Jones Industrial Average rose for three consecutive weeks, the Nasdaq and S&P 500 both recorded their biggest weekly declines in three months. Among technology stocks, Intel led the decline in the Dow's constituent stocks, while Tesla and Nvidia also underperformed. The latter experienced large-scale IT system failures due to software update issues.
Furthermore, due to software updates, CrowdStrike has caused Windows system failures in many important industries around the world, such as banks and asset management companies, and the impact is widespread and serious. The incident is expected to take weeks to fix and could have a long-term impact on the global supply chain.
US President Joe Biden announced that he will not participate in the 2024 presidential election and supports Vice President Harris's campaign. Meanwhile, the performance of Tesla and Google this week will have a significant impact on the future of US tech stocks. TSMC proposed the Foundry 2.0 concept in its earnings report, expanding the market space and showing confidence in future growth. In particular, the CoWOS product line is expected to double every year for the next two years.
In the commodity market, the prices of crude oil, gold, and silver all fell sharply. Gold and silver, in particular, fell sharply during the week, respectively. Metal prices have also fallen, and the prices of both lenxi and copper have hit new lows recently. In the bond market, US bond yields have risen again, and the US dollar index has ended its sluggish state of nearly four months. Bitcoin's price unexpectedly rose, reaching a high of $0.067 million.
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