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TD Securities’ Robert Both and Emma Lawrence note that stronger-than-expected Canadian Gross Domestic Product (GDP) data support a brighter growth outlook but do not materially change their Bank of Canada (BoC) view. They highlight that Q2 GDP is tracking above BoC projections, yet still expect policy rates to remain unchanged through 2026 before a gradual…
A Reuters poll revealed that the Federal Reserve is most likely to keep interest rates unchanged for the rest of the year as it battles stubbornly high inflation that has remained above the Fed’s 2% goal for at least 5 years. Money markets are pricing in two rate hikes by the end of Q1 2027,…
8. Bank of England Annual Report and Accounts (Afua Kyei, James Bell, Jane Cathrall, Matt Cartledge, Aarti Sharma, Chris Peacock, Javier Faiz and Rhys Taylor, EY Auditors) The Finance team provided an overview of the final accounts and supporting review processes for the 2025/26 Financial Year. Afua Kyei said that Court is asked to approve…
When a stock surges more than eightfold in just five years, it’s understandable that some investors wonder if they’ve missed the party. When the name in question is a utility stock, that wonderment is probably heightened because “conventional wisdom” says utility stocks aren’t supposed to notch gains like that. But that’s exactly what Vistra (VST…
USD/CHF trims part of its earlier gains on Friday as the US Dollar (USD) struggles to regain momentum following Thursday’s sharp sell-off, which was driven by suspected intervention by Japanese authorities to curb excessive weakness in the Japanese Yen (JPY). At the time of writing, the pair trades around 0.8086 after reaching an intraday high…
At NATO’s upcoming summit in Ankara, Turkish President Recep Tayyip Erdoğan will seek to portray his country as stable, confident, and essential to Western security. But only the last one is true, which is why the restoration of democracy in Turkey is more than a domestic concern. ANKARA—When NATO leaders arrive in Ankara for their…