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BoC July Meeting Preview: More Cuts on the Horizon?
As the Bank of Canada (BoC) prepares for its upcoming meeting on July 24, market participants are keenly anticipating a potential interest rate cut following the easing cycle initiated on June 5. Recent macroeconomic data, particularly softer-than-expected inflation figures at 2.7%—a low not seen in over three years—has fueled speculation of a quarter-point rate reduction. In response to the latest inflation data, the swap market is pricing in a...
Everything You Need to Know on Monday: Air Canada Trims 2024 Forecasts After Q2 Revenue Falls Short
Good morning mooers! Here are things you need to know about today's market:
Joe Biden Drops Out: What Would Happen With Cannabis Legalization Under Kamala Harris Or Donald Trump?
President Joe Biden announced his decision to drop out of the presidential race in a letter posted on his official X account Sunday after growing pressure from colleagues in the Democratic party and
Canada's Retail Sales Hit a Pre-Summer Slump, Notes Desjardins
Canadian retail sales fell by 0.8% m/m in May, erasing April's gain, coming in below Statistics Canada's flash estimate and the consensus of economic forecasters (both -0.6%), notes Desjardins.
Everything You Need to Know on Friday: Canada's Finance Minister Foresees Canada on Track for Soft Landing
Good morning mooers! Here are things you need to know about today's market:
Toronto Stocks Falter, Led By Weakness in Mining Sector
Shares on Canada's main exchange extended the pull back from recent highs Thursday, tracking modest weakness on Wall Street.