The Bank of Canada is set to meet tomorrow for its interest rate decision. According to a TD Economics research report, the Canadian central bank is widely anticipated to keep its key interest rate on hold at 1.75 percen…
The Bank of Canada is set to meet tomorrow for its interest rate decision. According to a TD Economics research report, the Canadian central bank is widely anticipated to keep its key interest rate on hold at 1.75 percent. Updated economic projections are likely to balance a better-than-expected 2019 with modest downgrades to the 2020 outlook.
Second quarter GDP and the third quarter inflation rate had come in above expectations from the previous MPR; however, the global backdrop has weakened since July which will be a drag on 2020’s GDP growth forecast.
“The policy statement should maintain a similar tone to September, with forward looking language focused on the global outlook and trade uncertainty”, added TD Economics.
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…
