The minutes from RBA’s March 31–April 1 meeting revealed emphasized that it was “not yet possible to determine the timing of the next move in interest rates.” The Board emphasized the importance that the “next decision was not predetermined”. Members agreed that the May meeting would offer a more “opportune time” for reassessment, as it […]
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The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy Read more…
Tech stocks fell globally after the Trump administration imposed new restrictions on Nvidia’s chip exports to China, worsening trade tensions. Nasdaq 100 futures dropped 1.5%, and Nvidia shares fell about 6% in premarket trading. ASML Read more…
Retail and food services sales jumped 1.4% month-on-month (m/m), in line with market expectations. Sales of vehicles and parts played a big role in driving last month’s gain, surging by 5.3% m/m as consumers rushed Read more…