digital currency bank Top Featured

2024-12-13 04:55:43

Bank of Canada: The sharp interest rate cut is aimed at supporting economic growth and keeping CPI at a level close to 2%.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.Mackler, Governor of the Bank of Canada: As expected, the high housing inflation continued to ease, and the downward pressure of commodity prices on inflation eased.


The Bank of Canada cut interest rates by 50BP for the second consecutive month, and the Bank of Canada lowered its policy interest rate from 3.75% to 3.25%, which was the second consecutive month to cut interest rates by 50 basis points, in line with market expectations, and cut interest rates by 175 basis points during the year.Bank of Canada Governor Mackler M: Future decisions will be guided by future data and inflation prospects.Yizi International's share price rose 3.8% at the opening, while Hershey's share price fell 5%.


Bank of Canada: Other federal and provincial policies will affect the dynamics of demand and inflation; The central bank will pay attention to potential trends. The decline in the level of immigration shows that the GDP growth in 2025 will be lower than the forecast of the central bank in October; Its impact on inflation will be more moderate.Barclays: M&A and cooperation between banks and financial technology companies will grow.Bank of Canada: The sharp interest rate cut is aimed at supporting economic growth and keeping CPI at a level close to 2%.

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