The Bank of Canada raised the overnight rate to 2.5% and stated that it will continue with Quantitative Tightening (QT). On rising prices, it stated that “inflation in Canada is higher and more persistent than Read more…
Image: Motorola Motorola teased its upcoming Razr in a new trailer that shows off the device’s chin-less redesign (via GSMArena). The trailer, which Motorola posted to its Weibo account, gives us brief glimpses of the Read more…
With the major release of PyCharm 2022.2 quickly approaching, we are putting the finishing touches on the new features and enhancements. At this stage, we are particularly keen to get your feedback so we can Read more…
The British pound has taken investors for a ride today, as GBP/USD dropped sharply but has since recovered. In the North American session, GBP/USD is trading at 1.1856, down 0.28%. It has been a busy Read more…
Interest rate traders are accelerating bets on a 100 basis point Fed rate hike later this month, following faster-than-expected inflation data and a surprise move from the Bank of Canada. The Federal Reserve could lift Read more…
BoC raises overnight rate target by 100bps to 2.50% today, even larger than expectation of 75bps. The Bank Rate and deposit rate are now at 2.75% and 2.50% respectively. BoC will also continuing its policy Read more…
The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. The Bank is also continuing its policy of quantitative Read more…
Oil lost more than 10% in just over 24 hours, starting to decline late in the day on Monday. WTI crude fell to $91.30 as it sold off. Having lied on the way down stop Read more…
A new package of UK macro statistics showed some recovery and exceeded expectations, supporting pound buying, although it did not help the stock market. The monthly economic growth is estimated at 0.5% in May after Read more…
Consumer price inflation rose by 1.3% month-over-month (m/m) in June – a modest acceleration from the 1.0% m/m recorded the month prior. On a year-over-year basis, inflation accelerated by 0.5 percentage points (pp) from May, Read more…