The Bank of Canada kept its policy rate on hold at 1.75 percent today, as expected. The policy statement of BoC noted that its global outlook stays intact, but further expounded on the rebound in financial market confide…
The Bank of Canada kept its policy rate on hold at 1.75 percent today, as expected. The policy statement of BoC noted that its global outlook stays intact, but further expounded on the rebound in financial market confidence and “waning recession concerns”.
The statement noted that the economic growth of Canada decelerated in the third quarter, but the remainder of its characterization noted underlying strength, especially in housing investment and “unexpectedly” in business investment spending. It added that “the Bank will be assessing the extent to which this points to renewed momentum in investment”.
Moreover, the central bank hinged future policy decisions on its assessment of “the adverse impact of trade conflicts against the sources of resilience in the Canadian economy – notably consumer spending and housing activity”.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
