Monetary Policy Report Press Conference Opening Statement Good morning. I’m pleased to be here with you to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). I am especially pleased to Read more…
US commercial crude oil inventories rose 2.4m barrels in the week ending January 21. At 416.2m barrels, oil inventories are about 8% below the five year average for this time of year. Gasoline inventories rose Read more…
The Bank of Canada kept the overnight rate at 0.25% and stated that it will continue the reinvestment phase of its balance sheet by maintaining its holdings of Government of Canada bonds. On the economic Read more…
Call of Duty’s owner is looking for new worlds to conquer as it contends with internal controversies, labor unrest and its acquisition by Microsoft. Amid a multi-billion acquisition and a series of controversies, Activision Blizzard Read more…
Gold has benefited from the turmoil surrounding Ukraine and is serving as a hedge against raging inflation. Over the past year market players have debated whether bitcoin is replacing gold as a store of value Read more…
Opportunists quickly made a lot of money by creating fake coins to benefit from a tweet from McDonald’s highlighting its adorable character Grimace. Here’s a scenario to which cryptocurrency fans are accustomed: An influencer praises Read more…
Markets European stock markets rebounded in today’s countdown session to the FOMC meeting. Main indices gain around 2%. US benchmarks open up to 1.5% stronger (Nasdaq), but doesn’t seem to build on opening momentum. Core Read more…
Daily Pivots: (S1) 1.2595; (P) 1.2632; (R1) 1.2666; More… Intraday bias in USD/CAD remains neutral and further rise is mildly in favor with 1.2553 minor support intact. Pull back from 1.2964 should have completed with Read more…
Canadian Dollar tumbles notably in early US session after much less hawkish then expected BoC rate decision. The central bank stands pat while lowering both inflation and growth forecasts. Elsewhere in the currency markets, Yen Read more…
The central bank adopts a hawkish bias and said “the Governing Council expects interest rates will need to increase, with the timing and pace of those increases guided by the Bank’s commitment to achieving the Read more…