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Daily wrap up – 27 September
US President Donald Trump on Wednesday offered proposals for tax adjustments that would be the largest in US history, and told reporters at the White House that they would be something special for Americans. The dollar rose over the course of today's trading, as the dollar index rose from a daily low at 92.79 to reach its highest level since August 23 at 93.40.
Poloz: we will proceed cautiously on rates
27 Sep 2017 07:04 PM |Stephen Poloz, governor of the Bank of Canada, made the following statement:
- There is no predetermined path of interest rates, here we depend on economic data.
- Monetary stimulus in 2015 is no longer needed.
- We will watch developments in financial markets, including long-term interest rate movements and the exchange rate
Daily wrap up – 6 September
6 Sep 2017 10:02 PM |Today's events witnessed several important events and economic data that had a clear impact on market movements. At the top of these events, Bank of Canada's surprise decision to raise interest rates for the second time in a row this year to 1% in the wake of the previous meeting hike.
Bank of Canada surprises markets and raises interest to 1%
6 Sep 2017 05:18 PM |The Bank of Canada made a surprise move today, raising interest rates by 0.25% to 1% for the second time in a row this year. Expectations were that the bank would keep interest at 0.75%. A monetary policy report wasn't released after today's meeting and there was no press conference.
The week ahead (4-8 September): Central bank decisions on the top of events
4 Sep 2017 01:31 PM |We have a new trading week full of events and important economic data which may have a significant impact on the movements of the markets this week, and we will review the most important of this data:
Canadian Consumer Price Index matches expectations
18 Aug 2017 04:34 PM |The July consumer price index rose by 1.2% on yearly basis, in line with expectations, compared with June's reading which rose by 1%. While the core index rose by 0.1%, and on yearly basis rose by 0.9%.
Daily Wrap Up – 12 July
12 Jul 2017 07:22 PM |US stocks rose at the beginning of the day after FED Governor Janet Yellen confirmed the gradual rate hike and that raising it again this year would be appropriate. She pointed out that the economy is strong enough to accommodate further gradual rise in interest rates, and reducing the Fed's huge portfolio of bonds.
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