Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.Spot gold stood at $2,710 per ounce, up 0.63% in the day.
The Bank of Canada cut interest rates by 50BP for the second consecutive month, and the Bank of Canada lowered its policy interest rate from 3.75% to 3.25%, which was the second consecutive month to cut interest rates by 50 basis points, in line with market expectations, and cut interest rates by 175 basis points during the year.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.Bank of Canada: Canada's economic growth in the fourth quarter seems weaker than expected. Bank of Canada: Canada's economic growth in the fourth quarter seems weaker than expected. The United States may impose new tariffs on Canadian products exported to the United States, increasing uncertainty and casting a shadow over the economic prospects. Consumer spending and household activities both picked up in the third quarter, indicating that lower interest rates began to boost household spending. The growth in the fourth quarter may be weaker than the 2% annualized level expected by the central bank, and the average inflation rate is expected to be close to 2% in the next few years.
After the announcement of the Bank of Canada's interest rate decision, USD/CAD fell 50 points to 1.4140.Bank of Canada Governor Mackler M: Future decisions will be guided by future data and inflation prospects.The war-torn people in Syria are in fear, and the sudden escalation of the situation in Syria has plunged the country into a new round of violence. The air strikes in recent days have made the Syrian people nervous and live in fear all day. (CCTV)
Strategy guide 12-14
Strategy guide