Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.
Missed payroll expectations and revised April and May numbers put the Fed in a tough spot for rate cuts. June’s employment numbers showed almost no change from the previous month, as the Bureau of Labor Statistics reported a 4.2% unemployment rate and an estimated 57,000 nonfarm payroll jobs, roughly half the 115,000 economists expected. At…
Monetary Policy Summary, June 2026 At its meeting ending on 17 June 2026, the Monetary Policy Committee (MPC) voted by a majority of 7–2 to maintain Bank Rate at 3.75%. Two members voted to increase Bank Rate by 0.25 percentage points, to 4%. Global energy prices have fallen since the previous meeting in response to…
Gold price (XAU/USD) plunges on Monday after remarks by Federal Reserve (Fed) Governor Christopher Waller, who revealed that if the Consumer Price Index (CPI) rises this week, the Fed should consider interest rate hikes. The XAU/USD drops nearly 3% below $4,000 as traders eye a retest of the yearly low near $3,900. XAU/USD dives as…
Why is Avanza Bank stock rallying today?
The secular decline in birth rates across the globe over the past seven decades has slowed population growth, raised average ages, and reshaped labor markets and the macroeconomy. Contrary to the widespread expectation that these trends hamper economic growth, we find lower birth rates are associated with higher growth in GDP per working-age adult across…
Options and derivatives marketplace Cboe Global Markets (CBOE +3.19%) plans to launch new extended trading hours for select multi-exchange mega-cap stock options. The extended hours will see the market open for options trading for these select stocks at 7:30 a.m. ET, two hours earlier than the major indexes open for trading. It will stay open…