Bank Of Canada Lowers Benchmark Interest Rate To 4.5%
According to Odaily, the Bank of Canada has reduced its benchmark interest rate from 4.75% to 4.5%. This marks the second consecutive rate cut, aligning with market expectations.
According to Odaily, the Bank of Canada has reduced its benchmark interest rate from 4.75% to 4.5%. This marks the second consecutive rate cut, aligning with market expectations.
According to Odaily, the US stock market opened with significant declines. The Dow Jones Industrial Average fell by 0.53%, the S&P 500 Index dropped by 0.95%, and the Nasdaq Composite Index decreased by 1.48%. Tesla (TSLA.O) experienced a sharp decline of 8.63% following its Q2 net profit, which fell short of expectations. Alphabet (GOOG.O) also saw a decrease of 4.69%, despite exceeding Q2 performance expectations, as the company anticipates increased capital expenditures within the year.
- The U.S. dollar edged higher Wednesday, while the euro fell after the release of disappointing eurozone activity data pointed to further ECB rate cuts ahead. At...
According to BlockBeats, Thailand will open registration for digital wallets from August 1 to September 15. The initiative is expected to attract 45 million participants, as stated by the Thai Deputy Finance Minister. The government has allocated 450 billion baht for this program. Digital cash spending is set to commence in the fourth quarter of this year.
--Japanese manufacturing activity unexpectedly shrank in July, preliminary purchasing managers index data showed on Wednesday, while the services sector rebounded on...
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