The Bank of Canada cut interest rates by 25bps as expected on Wednesday, but signaled a reluctance to cut further unless the economic outlook deteriorates, said CIBC. The quarter-point cut, bringing the overnight rate down to 2.25%, was widely expected by forecasters and financial markets, noted the bank.
The Bank of Canada in a statement Wednesday said it had cut its target for the overnight rate by 25 basis points to 2.25%, and did so in =citing ongoing weakness in the economy. The BoC noted Canada's economy contracted by 1.6% in the second quarter, due to lower exports and weak business investment, but household spending grew at a healthy pace.
The Bank of Canada on Wednesday released its quarterly Monetary Policy Report, outlining four key messages, Governor Tiff Macklem said. First, U.S. tariffs and trade uncertainty have weakened the Canadian economy. Second, while this weakness is restraining price growth, the trade conflict is also raising costs for many businesses, adding upward pressure on inflation.
Toronto's unemployment rate has jumped nearly 3.5 percentage points from its post-pandemic lows, to nearly 9%, said TD. That has far outstripped increases recorded in the rest of Ontario and left the region with the fourth-highest unemployment rate among Canada's major urban areas, wrote the bank in a note to clients.
Bitcoin is trading around $113,000 ahead of Wednesday?s Federal Reserve meeting, with traders watching whether the Fed's stance on quantitative tightening or rate cuts will shape the next leg of the crypto rally. What Happened: In his latest podcast, analyst Benjamin Cowen said the Fed's QT decision could have a far greater impact on Bitcoin than the widely expected 25-basis points rate cut.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3% and the actively traded Invesco QQQ Trust was 0.5% higher in Wednesday's premarket activity, as investors expect the Federal Reserve to announce interest rate cuts after its two-day policy meeting.
The Bank of Canada is slated to release its policy statement at 9:45 a.m. ET on Wednesday, said Scotiabank. As for the balance sheet, settlement balances equal about C$78 billion and are, as such, getting closer to the BoC's $50 billion to $70 billion target range that was revised upward in Deputy Governor Toni Gravelle's speech at the start of the year, noted the bank.
In case investors are wondering whether the Bank of Canada will cut rates again later Wednesday, Rosenberg Research's answer is clear: "Of course it will." The BoC is scheduled to release its policy statement at 9:45 a.m. ET Wednesday. The central bank's language is likely to indicate that more reductions are on the way, according to Rosenberg Research.
Ever since the challenges of the COVID-19 pandemic, a key headwind that has stymied multiple administrations is inflation. Based on the latest developments, the gamble may have paid off. According to the latest CPI report, price pressures edged up in September but at a slower-than-expected pace.
The Bank of Canada is expected to cut 25bps on Wednesday, with all major shops in that camp and about 90% of a cut priced, said Scotiabank. The policy statement, Monetary Policy Report and Governor Tiff Macklem's written opening remarks to his press conference arrive at 9:45 a.m. ET and will be followed by the press conference at 10:30 a.m. ET on Wednesday.
After Immigration and Customs Enforcement agents arrested its superintendent, Des Moines Public Schools is taking a $265 million GO bond measure to voters.
Tokio Marine HCC today announced that AM Best has affirmed the ?A++? Financial Strength Ratings and ?aa+? Long-Term Issuer Credit Ratings of HCC Life Insurance Company and the property/casualty insurance companies in the Houston Casualty Group.
Within 12 hours of the FOMC decision later Wednesday, the Bank of Japan will announce its policy decision and given a new government led by Prime Minister Sanae Takaichi is only just in place, the BoJ is widely expected to keep the policy rate unchanged at 0.50%, said MUFG.
Bitcoin is hovered around $113,000 on Wednesday morning, as Polymarket traders assign a 98% probability of a 25-basis points rate cut at today's Federal Reserve meeting. Over the past 24 hours, total crypto liquidations reached $514.22 million, affecting more than 140,000 traders.
European bourses tracked moderately higher midday Wednesday as traders weighed a possibly pending China-US trade deal, and rate decisions from the Federal Reserve and European Central Bank. President Donald Trump early Wednesday said he expects to cinch a trade agreement with Beijing, when he meets with China President Xi Jinping on Thursday.
The US dollar rose against its major trading partners early Wednesday as markets focus their attention on the Federal Open Market Committee's post-meeting statement at 2:00 pm ET and Federal Reserve Chairman Jerome Powell's press conference at 2:30 pm ET.
VANCOUVER, British Columbia, Oct. 29, 2025 -- Amerigo Resources Ltd.? is pleased to announce a strong financial performance for the three months ended September 30, 2025 and the full repayment of corporate debt on October 27, 2025.
Wall Street futures pointed moderately higher pre-bell Wednesday on hopes for a China-US trade deal, and ahead of the Federal Reserve's announcement on rates and monetary policy. The Fed at 2 pm ET will announce its latest interest-rate decision, with a 99% chance the central bank will cut rates by 0.25%, according to the CME Group FedWatch tool.
In a unanimous decision, as expected by markets, the Board of Chile's central bank kept its monetary policy rate unchanged at 4.75% on Tuesday, said Societe Generale. The CCCh statement notes that while economic data have evolved in line with projections from the September Monetary Policy Report, risks to the inflation outlook remain.
TeraWulf Inc. (WULF), a leading owner and operator of vertically integrated, low-carbon digital infrastructure, today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of convertible senior notes due 2032 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the ...
The Bank of Canada will begin this week's series of four G10 central bank meetings with its policy decision out at 9:45 a.m. ET on Wednesday, said Commerzbank.
The long-term issuer credit rating on ISS Global A/S, as well as the issuer rating on its senior unsecured debt, have been raised from 'Baa3' to 'Baa2'. Sarah Nicolini, Moody's Ratings Vice President-Senior Analyst and lead analyst for ISS, says:?Today?s ratings action reflects our expectations that ISS?s credit metrics will improve faster than previously anticipated.
Bread Financial (BFH) said late Tuesday it priced a $500 million private offering of 6.75% senior notes due 2031 at 100% of their principal amount, for about $493 million in expected net proceeds. Proceeds from the offering, set to close Nov. 6, along with $275 million in cash, would be used to fully redeem the company's 9.75% senior notes due 2029.
Cryptocurrency punters are largely confident that the Federal Reserve will slash interest rates by 25 basis points on Wednesday. As of this writing, the odds of a quarter-point reduction stood at 98% on the decentralized prediction platform Polymarket.
The moves come ahead of a pivotal Federal Open Market Committee (FOMC) meeting on Oct. 28?29, where officials are widely expected to cut benchmark rates by 25 basis points to the 4.00%?4.25% range.
After a quick jump toward $116,094 faded, buyers showed up near $112,500 while analysts watched $120,000 as the level that could clear the way toward $143,000.
Image: https://ml.globenewswire.com/Resource/Download/437296d7-971c-4e05-8f32-abafa384075f/picture1.jpg As markets anticipate a near-certain rate reduction by the Federal Reserve, investor appetite for risk assets is reviving, particularly in the cryptocurrency sector.
Tether's gold-backed token swelled above $2 billion market cap, driven by record prices and surging retail demand, CEO Paolo Ardoino said in an interview.
The softer-than-expected September consumer price index report, released Friday, reinforced confidence in the likelihood of a Fed rate cut at its October meeting and potentially at its December meeting, said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.
Financial stocks fell in late Tuesday afternoon trading with the NYSE Financial Index dropping 0.4% and the Financial Select Sector SPDR Fund shedding 0.7%. The Philadelphia Housing Index declined 1%, and the Real Estate Select Sector SPDR Fund fell 2.2%. Bitcoin fell 1% to $113,859, and the yield for 10-year US Treasuries was little changed at 3.982%. In corporate news, Goldman Sachs Chief Exe...
Illinois' Grand Prairie Water Commission went to market Monday in a debut deal as it builds infrastrcture linking the Joliet area with Chicago's water system.
Financial stocks fell in late Tuesday afternoon trading with the NYSE Financial Index dropping 0.3% and the Financial Select Sector SPDR Fund shedding 0.5%. The Philadelphia Housing Index declined 0.8%, and the Real Estate Select Sector SPDR Fund fell 2%. Bitcoin fell 1% to $113,859, and the yield for 10-year US Treasuries decreased 1.4 basis points to 3.98%. In corporate news, Goldman Sachs Ch...
Greystone, a leading national commercial real estate finance company, has provided a $46,000,000 Freddie Mac loan to refinance Madbury Commons, a student housing community located in Durham, New Hampshire. The $46,000,000 fixed-rate financing carries a 10-year term and amortization, with full-term interest only payments.
Contractors that have been absorbing cost increases in fixed-price projects may insist on the more flexible pricing built into progressive design-build delivery models.
The Conference Board's Consumer Confidence Index fell to 94.6 in October from a 95.6 reading in September due to a decrease in the expectations index that was partially offset by a gain in the current conditions index. The Conference Board noted the assessment of employment and business conditions improved in the near term, but concerns rose for those same measures for the future.
The Federal Open Market Committee is widely expected to lower the rate for its federal funds rate target to 3.75% to 4.00% from the current 4.00% to 4.25%, putting the focus on any changes to its post-meeting statement and comments from Federal Reserve Chairman Jerome Powell. Currently, the CME's FedWatch Tool sees a 97.8% chance of a 25-basis point rate reduction and a 2.2% chance of no change.
Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each dropping 0.4%. The Philadelphia Housing Index declined 0.4%, and the Real Estate Select Sector SPDR Fund shed 1.9%. Bitcoin rose 1.1% to $115,415, and the yield for 10-year US Treasuries dropped 1.4 basis points to 3.98%. In corporate news, PayPal (PYPL) lifted its full-year ...
Jeff Lipton begins his role as The Bond Buyer's Market Intelligence Analyst with an examination of how evolving federal policy, shifting credit conditions and market inefficiencies shape municipal risk ? and where disciplined analysis can uncover value.
Analyst and market strategist Jeff Lipton joins the team to deliver clarity and thoughtful guidance to a market witnessing evolving complexities ? connecting policy moves, credit shifts and investment behavior to help our readers navigate what comes next.
Jeff Lipton begins his role as The Bond Buyer's Market Intelligence Analyst with an examination of how evolving federal policy, shifting credit conditions and market inefficiencies shape municipal risk ? and where disciplined analysis can uncover value.
Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index falling 0.3% and the Financial Select Sector SPDR Fund easing 0.4%. The Philadelphia Housing Index declined 0.3%, and the Real Estate Select Sector SPDR Fund was falling 1.9%. Bitcoin was increasing 1.1% to $115,415, and the yield for 10-year US Treasuries was shedding 1.4 basis points to 3.98%. In corp...
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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