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Baystreet.ca - - Second tier US data on tap - Traders biding their time until next week’s US employment data. - US dollar trading defensively and with a negative bias. USDCAD: open 1.3469,...
Baystreet.ca - - US Durable Goods Orders released today. - Powell’s comments spark flurry or “risk-on” trades - US dollar under pressure from aggressive Fed rate cut...
By Nikhil Sharma (Reuters) -Canada's main stock index hit another record high on Monday in a broad-based rally led by energy and mining stocks, while September rate cut optimism in the United States...
Baystreet.ca - - Canada Retail Sales expected to fall 0.3% m/m - Markets on hold until Powell’s speech at 10:am ET - US rangebound but modestly firmer from yesterday’s opening...
By Allison Lampert, Abhinav Parmar, Jahnavi Nidumolu (Reuters) -Canada's top two railroads locked out more than 9,000 unionized workers, triggering an unprecedented rail stoppage that could cause...
Baystreet.ca - Traders on both sides of the border with the U.S. hearkened to the vibes from the Federal Reserve Wednesday about interest rate prospects. The TSX Composite Index gained 84.29 points,...
Baystreet.ca - - FOMC minutes are the highlight of a light US economic calendar. - Nonfarm payroll revisions to benchmark could roil markets. - US dollar continues to fall on dovish Fed...
Baystreet.ca - - Canada CPI expected to have risen 2.5% y/y in July (June 2.7%). - Gold surges on US rate outlook. - US dollar reeling as dovish Fed talk heats up. USDCAD: open 1.3615, overnight range...
Baystreet.ca - Canada’s inflation rate declined to an annualized rate of 2.5% in July, its lowest level since March 2021. Statistics Canada said the July inflation reading was down from a 2.7%...
Baystreet.ca - - Oil prices fall as Iran stands down - Sand Francisco Fed President sees “gradual” rate reductions. - US dollar sinks on improved risk sentiment. USDCAD: open 1.3681,...
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