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European stock markets saw the largest increase in over a month, boosted by Technology, Autos, and Luxury Goods stocks.
As investors weigh Donald Trump's tariff plan, European stock markets posted their largest gain in over a month, boosted by the Technology, Autos, and Luxury Goods Sectors. The Stoxx 600 Index closed up 1% in the London market, with the Autos and Luxury Goods Sectors jumping, after the Washington Post reported that Trump's aides were considering a tariff action that would be weaker than expected. However, Trump quickly refuted the news on Truth Social. "Caution is necessary, as Trump may have different statements at any time," said the head of sales trading at Saxo Banque France.
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102362254 : The BoC recently cut its interest rate, bringing some relief to borrowers as inflation cools. Big Five are showing mixed earnings, reflecting how the economy is impacting them in different ways. I’ll keep an eye out for Bitcoin-related investment opportunities
Jason Fung : BoC just announced a 0.5% rate cut. This is a prudent move and it would certainly provide some reliefs to our sluggish economy. Canada is a country that relies heavily on immigration to grow its economy. With the new federal government policy to reduce immigrations in the coming years, this would mean less demand for goods and services in our economy which won't help our economy.
It is very likely that a low interest rate is here to stay in the next few years in Canada until our economy recovers and on a growth trajectory again. In my opinion, a low interest rate is generally a good thing for businesses because they can borrow money at a lower cost and invest the money in their businesses. But many of them may not be willing to invest in Canada due to our high tax and regulations. This is an area that the federal government should really look at to create a more friendly environment for business, like in the US.