The Bank of Canada held its policy rate at 2.25% on Wednesday, in line with market expectations, said TD. The opening statement highlighted that while United States tariffs and trade uncertainty continue to weigh on business investment, the Canadian economy has proven to be relatively resilient, noted the bank. The BoC expects that inflation will continue to moderate in the coming months.
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. STOCKS MIXED, TECH WEAKENS BEFORE EXPECTED FED RATE CUT. Stocks were mixed on Wednesday, with the Dow Jones Industrial Average and S&P 500 recording modest gains, while the Nasdaq Composite is in the red, ahead of an expected rate cut by the Federal Reserve.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the $70 million, 9% surplus notes, due December 2045, issued by Maine Employers? Mutual Insurance Company. The surplus notes issuance is intended to strengthen the balance sheet and support MEMIC?s acquisition of the Dakota Group, which is expected to close in January 2026, pending regulatory approval.
The U.S. dollar weakened on Wednesday, erasing two days of
gains, as investors trimmed positions in anticipation of an
expected third consecutive interest rate cut of a quarter of a
percentage ...
Desjardins said the Bank of Canada decision to keep its benchmark interest rate steady on Wednesday didn't come as much of a surprise, given the guidance provided last meeting, and as such doesn't change the Desjardins view that the central bank will remain on hold throughout 2026.
Canada's main stock index was flat on Wednesday, with gains in real estate and financials, after the Bank of Canada held interest rates as expected, while attention shifted to the U.S. Federal Reserve's decision later in the day. Canada's benchmark index was at 31,233.4 points by 10:15 a.m. ET.
The Bank of Canada left the overnight rate unchanged at 2.25% on Wednesday and reiterated that it believes that rates are at about the right level, said CIBC.
Governor Tiff Macklem on Wednesday said he had three main messages after the Bank of Canada's Governing Council on Wednesday decided to keep rates on hold. First, steep United States tariffs on steel, aluminum, autos and lumber have hit these sectors hard, and uncertainty about U.S. trade policy is weighing on business investment more broadly.
* Indexes: Dow up 0.06%, S&P 500 flat, Nasdaq down 0.18% * Fed rate decision expected at 2 p.m. ET. * GE Vernova rises after bullish 2026 revenue forecast. * Oracle, Broadcom (AVGO) results awaited this week. By Johann M Cherian and Pranav Kashyap.
Latin American assets resumed their decline on Wednesday, following a one-day reprieve as investors braced for potentially hawkish commentary from Federal Reserve Chair Jerome Powell.
The MSCI ...
* Fed expected to cut rates, decision due at 2 p.m. ET. * Markets pricing in 89.6% chance of a rate cut. * Silver hits record high of $61.61/oz. By Sarah Qureshi and Anushree Mukherjee.
Municipal bond supply projections for next year range from a high of $750-plus billion to a low of $520 billion, with most firms expecting issuance to hover around $600 billion, easily surpassing 2025's record.
The Bank of Canada on Wednesday held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The BoC's decision was in line with expectations. As background, Canada's economy grew by a surprisingly strong 2.6% in Q3, even as final domestic demand was flat.
First Fed Bank and its holding company, First Northwest Bancorp (FNWB), announced the retirement of Norman J. Tonina, Jr. from the Company?s Boards of Directors, effective at the regular Board meetings on December 9, 2025. ?Norm?s commitment and contribution to the Company and Boards for the last 12 years cannot be understated.
* The Bank of Canada holds rates steady at 2.25% as expected. * Macklem says economy was proving more resilient to tariffs. * Macklem reiterates policy rate at about the right level. * U.S. Federal Reserve likely to announce rate cut on Wednesday. By Promit Mukherjee and David Ljunggren.
Wall Street's main stock indexes opened little changed on Wednesday, ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an interest rate cut, while investors remain wary of hawkish commentary on the path of future easing.
Wall Street's main stock indexes opened little changed on Wednesday, ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an interest rate cut, while investors remain wary of hawkish commentary on the path of future easing.
* Employment cost index increases 0.8% in third quarter. * Quarterly wage growth slows, but annual gains remain solid. * Government shutdown reduced data collection rate for report. By Lucia Mutikani. U.S. labor costs increased slightly less than expected in the third quarter as a softening labor market curbed wage growth, which bodes well for the inflation outlook.
Canada's main stock index opened lower on Wednesday, with investors taking a breather before interest rate decisions from the Bank of Canada and the U.S. Federal Reserve later in the day. At 9:31 a.m. ET, Toronto's S&P/TSX composite index was down 0.12% at 31,208.29 points.
The population with $1 million+ in investable assets represents a critical segment for wealth and asset managers, with their investable wealth of $67.3 trillion poised for 45% growth by 2030. NEW YORK, Dec. 10, 2025 /PRNewswire/ -- Today Altrata, the leader in intelligence on the wealthy and well-connected, released a new study, Investable Assets of the Global Wealthy.
The global interest rate landscape is suddenly looking a lot less benign than it did only a few weeks ago, suggesting 2026 could be much more volatile than investors had bargained for.
* Futures: Dow up 0.03%, S&P 500 flat, Nasdaq down 0.08% * Fed rate decision expected at 2 p.m. ET. * GE Vernova rises after bullish 2026 revenue forecast. * Oracle, Broadcom (AVGO) results due later in the day. By Johann M Cherian and Pranav Kashyap.
AI exuberance: Economic upside, stock market downside VALLEY FORGE, Pa., Dec. 10, 2025 Vanguard today released its annual outlook on the global economy and financial markets. Financial markets are exuberant?and there are some good reasons for that.
Bond nerves are jangling in Canada after the jobs report last Friday triggered the rout in government bonds, said Societe Generale. The Bank of Canada wasn't at all anticipating the improvement in the labor market at the last meeting, but a glance under the bonnet suggests that perhaps the hawkish repricing is a tad overdone, stated SocGen.
?. ISIN Code. Our Ref. ISSUE NAME. Santander UK PLC. Issue of GBP 1,000,000,000.00. Floating Rate Covered Bonds due September 2029. Series No 89 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. GBP 11,138,649.32. POOL FACTOR.
?. ISIN Code. Our Ref. ISSUE NAME. Santander UK PLC. Issue of GBP 1,100,000,000.00. Floating Rate Covered Bonds due June 2028. Series 81 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. GBP 12,307,363.56. POOL FACTOR.
U.S. labor costs increased slightly less than expected in the third quarter as a softening labor market curbed wage growth, which bodes well for services inflation. The Employment Cost Index, the broadest measure of labor costs, rose 0.8% in the last quarter, after gaining 0.9% in the second quarter, the Labor Department's Bureau of Labor Statistics said on Wednesday.
The quarterly US employment cost index rose by 0.8% in Q3, slower than the 0.9% gain in the previous quarter, the US Bureau of Labor Statistics reported on Wednesday. This was below the consensus estimate of a 0.9% gain in a survey compiled by Bloomberg. Benefits costs rose by 0.8% in the third quarter after a 0.7% gain in previous quarter, while wage growth slowed to 0.8% from 1.0% in Q2.
U.S. home prices will rise just 1.4% in 2026 after a similar performance this year, a Reuters poll of property experts showed on Wednesday, the slowest annual pace in 14 years despite expectations for several more interest rate cuts.
U.S. home prices will rise just 1.4% in 2026 after a similar performance this year, a Reuters poll of property experts showed on Wednesday, the slowest annual pace in 14 years despite expectations for several more interest rate cuts.
The Bank of Canada policy statement will appear at 9:45 a.m. ET on Wednesday, as well as Governor Tiff Macklem's opening remarks, said Scotiabank. The press conference will be held at 10:30 a.m. ET on Wednesday, noted the bank. Nobody expects the policy rate to change on Wednesday, stated Scotiabank. Scotiabank pointed out that it has been calling H2 2026 hikes since September.
Since late October, gold's remarkable rally encountered? a steep correction ? a victim of both risk-off sentiment in the technology sphere, along with concerns that the Federal Reserve would adopt a more pensive approach to monetary policy. Still, shortly after Halloween, sentiment has been steadily marching higher.
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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