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Markets expecting more of the same from the Bank of Canada
The Bank of Canada will be deciding on interest rates this Wednesday, with almost all economists in agreement that the central bank will maintain its benchmark interest rate at 1.75 percent. Given the amount of uncertainty towards the global economic environment, the chances of an interest rate increase from the central bank are extremely low.[…]
Traders attention turns towards the U.S economy this week
Financial markets turn their attention towards the United States this week as the FOMC delivers a key interest rate decision, and the U.S economy releases a raft of high-impacting economic data points. Economists are currently split as to whether the Federal Open Market Committee will cut interest rates for a third straight month this coming[…]
Draghi ends his term at the ECB with a dovish farewell
Outgoing European Central Bank President Mario Draghi sent a dovish farewell to market participants on Thursday, as the ECB Governing Council unanimously decided to keep interest rates at record low levels and reiterated the need for ultra-loose fiscal policy to combat growing downside risks. ECB President Draghi will long be remembered for introducing QE in[…]
