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Canada's economy grew at an annualized rate of 1% in the third quarter, undershooting the Bank of Canada's forecast of 1.5%, after growing 2.2% in the prior quarter.
Follow along as Bankrate’s experts break down the Fed’s next interest rate ... McBride joins Local News Live to preview today’s announcement from the Fed. ... The U.S. dollar index fell 0.85 ...
The price of oil, one of Canada's major exports, fell 1.6% to $69.57 a barrel on Chinese demand concerns and ahead of a Federal Reserve interest rate decision on Wednesday. (Reporting by Fergal ...
The Bank of Canada is expected to continue its easing cycle at a policy decision next Wednesday. Domestic data on Thursday showed that Canada's trade deficit narrowed to C$924 million ($657.60 ...
Implied volatility on an at-the-money options contract to buy or sell Canadian dollars against the U.S. dollar in three months climbed to roughly 6.6, its highest level since April 2023. It was 4. ...
The loonie was trading 0.3% higher at 1.4350 to the U.S. dollar, or 69.69 U.S. cents, extending its recovery from the weakest intraday level in nearly five years at 1.4467 on Thursday.
The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
On Wednesday, the central bank slashed its benchmark interest rate by half a percentage point to 3.25%. Canada's 2-year yield has fallen this week as much as 126 basis points below its U.S ...