Futures tied to Canada’s benchmark stock index edged higher on Wednesday as the Bank of Canada cut interest rates by another 25 basis points
Market Numbers:
TSX : Up (0.52%) 25,419.46
TSXV: Up (1.09%) 609.43
DOW: Up (0.31%) 44,850.35
NASDAQ: Up (2.03%) 19,733.59
FTSE: Up (0.32%) 8,560.97
In the Headlines
The Bank of Canada has cuts its interest rate by 25-basis-points. This move lowers the central bank’s key rate to 3.00%, marking its sixth consecutive reduction as policymakers navigate economic conditions.
And Boeing signals progress in its recovery efforts as the aerospace giant works to rebuild confidence following recent safety and production setbacks.
Currencies Update
Canadian dollar leaves behind $0.053 to $0.6929 U.S, drops $0.0224 or 3.27% against the Euro to $0.6662 and Bitcoin dips -990.34 (0.67%) C$146,631.66
Commodities
Natural Gas: Up (1.15%), 3.43
WTI: Down (0.83%), 73.16
Gold: Up (0.07%), 2,742.81
Copper Up (0.03%) 5.8538
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