Archive for October 24th, 2018

Central Bank Watch

Bank of Canada Tightens Again as Expected

October 24, 2018

In increments of 25 basis points, Canada’s central bank interest rate target has climbed from 0.50% at mid-2017 to 1.75% after today’s actions. Previous rate hikes occurred in July, May and January of this year as well as July 2017. These increases are part of a rate normalization campaign that, according to a released statement, […] More

New Overnight Developments Abroad - Daily Update

European Equities Helped by Softer Euro

October 24, 2018

European equities have partly recovered today in spite of disappointing Euroland, German and French preliminary purchasing manager survey findings for October. One support for European share prices may be the strengthening dollar, which is trading 0.6% higher against the euro and sterling as well as 0.3% up on the Swiss franc. President Trump expressed some […] More