Canada's Central Bank Slashes Rates to Combat Economic Slowdown
The Bank of Canada slashed its key interest rate by 50 basis points to 3.25% on December 11, 2024, marking its fifth consecutive cut. This aggressive move comes in response to rising unemployment, which hit 6.8% in November, and a weakening economy. The central bank aims to stimulate economic growth and consumer spending while keeping […]
Canada's Central Bank Slashes Rates to Combat Economic Slowdown
The Bank of Canada slashed its key interest rate by 50 basis points to 3.25% on December 11, 2024, marking its fifth consecutive cut. This aggressive move comes in response to rising unemployment, which hit 6.8% in November, and a weakening economy. The central bank aims to stimulate economic growth and consumer spending while keeping […]
Canada's Central Bank Slashes Rates to Combat Economic Slowdown
The Bank of Canada slashed its key interest rate by 50 basis points to 3.25% on December 11, 2024, marking its fifth consecutive cut. This aggressive move comes in response to rising unemployment, which hit 6.8% in November, and a weakening economy. The central bank aims to stimulate economic growth and consumer spending while keeping […]
Loonie Strengthens After BoC Slashes Rates By 50bps Again, Blames De-Growth On Trump & Immigration
Loonie Strengthens After BoC Slashes Rates By 50bps Again, Blames De-Growth On Trump & Immigration The Bank of Canada just slashed rates by 50bps (to 3.25%) – as expected – and the second 50bps cut in a row as the central bank claimed growth looks weaker than expected… but they were careful to tamp down […]
Loonie Strengthens After BoC Slashes Rates By 50bps Again, Blames De-Growth On Trump & Immigration
Loonie Strengthens After BoC Slashes Rates By 50bps Again, Blames De-Growth On Trump & Immigration The Bank of Canada just slashed rates by 50bps (to 3.25%) – as expected – and the second 50bps cut in a row as the central bank claimed growth looks weaker than expected… but they were careful to tamp down […]
Loonie Strengthens After BoC Slashes Rates By 50bps Again, Blames De-Growth On Trump & Immigration
Loonie Strengthens After BoC Slashes Rates By 50bps Again, Blames De-Growth On Trump & Immigration The Bank of Canada just slashed rates by 50bps (to 3.25%) – as expected – and the second 50bps cut in a row as the central bank claimed growth looks weaker than expected… but they were careful to tamp down […]
Loonie Strengthens After BoC Slashes Rates By 50bps Again, Blames De-Growth On Trump & Immigration
Loonie Strengthens After BoC Slashes Rates By 50bps Again, Blames De-Growth On Trump & Immigration The Bank of Canada just slashed rates by 50bps (to 3.25%) – as expected – and the second 50bps cut in a row as the central bank claimed growth looks weaker than expected… but they were careful to tamp down […]
Gold Prices Pause Before Key Inflation Figures
Gold prices remain flat as markets brace for crucial US inflation figures. The upcoming CPI data could influence the Federal Reserve’s decision on interest rates and shape expectations for monetary policy in 2025. With spot gold at $2,695.91 per ounce, investors are closely watching for potential catalysts that could drive the precious metal’s next move.
Goldman Sachs: Gold to Reach $3,000 in 2025
Goldman Sachs predicts gold prices could soar to $3,000 per ounce by the end of 2025, despite potential increases in the U.S. dollar’s value. This forecast is based on expected interest rate cuts, heightened global uncertainty, and continued central bank buying. The analysts argue that gold can rally alongside a stronger dollar, challenging conventional wisdom. […]
Accounting Error Sends Macy’s Shares Tumbling; Goldman Calls Earnings “Disappointing”
Accounting Error Sends Macy’s Shares Tumbling; Goldman Calls Earnings “Disappointing” Macy’s reported its financial results for the third quarter on Wednesday and slashed its outlook after concluding an investigation into an employee who intentionally hid $151 million in delivery expenses from the fourth quarter of 2021 through the third quarter of this year. During an earnings […]