BoC Governor Tiff Macklem emphasized overnight that the central bank doesn’t want monetary to be “more restrictive than it has to be,”. Yet he also cautioned against lowering borrowing costs “too quickly” as it could undermine progress on controlling inflation. Macklem pointed out that although wage growth remains above pre-pandemic levels, there are signs that […]
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Unexpected developments from Asia significantly influenced global financial markets last week. China’s surprise stimulus measures invigorated investor sentiment, leading to substantial gains in Chinese and Hong Kong equities, as well as strengthening Chinese Yuan. This Read more…
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