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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
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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
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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.
Everything You Need to Know on Thursday: BCE and ServiceNow Expand Multi-year Strategic Agreement
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