Central Bank Watch
Bank of Canada
May 25, 2016
The Canadian central bank overnight interest rate target was left unchanged as expected. It’s been 0.50% since the second of two 25-basis point cuts last July. The first one was done in January, and those were the only changes since a trio of consecutive tightenings in June, July and September of 2010. A statement explaining […] More
New Overnight Developments Abroad - Daily Update
Several Pieces of Good News
May 25, 2016
Yesterday’s strong performance in North American equities carried over into Pacific Rim and European markets today. Japan’s Nikkei closed 1.6% higher. Shares also climbed 2.7% in Hong Kong, 2.3% in India, 1.5% in Australia, 1.3% in Indonesia, 1.2% in South Korea and Taiwan and 0.7% in New Zealand. The Shanghai composite index dipped 0.2%, however, […] More
