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December inflation numbers and the Bank of Canada’s own business and consumer surveys will headline a slew of Canadian indicators ahead of the central bank’s next interest rate decision later this month. Canadian headline CPI growth is expected to tick slightly higher (+3.4% year-over-year) from November’s 3.1% increase, but with the gain largely coming from […]

The post Canadian Inflation Likely Ticked Up in December But Easing Trend to Continue appeared first on Action Forex.

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05/04/2024

Strong NFP Could Deepen Correction in Stocks & Support Dollar

The monthly jobs report has enough potential for the market to set the trend for the coming weeks. However, there is also a risk that the extensive list of indicators, from employment change and unemployment rate to the pace of wage growth, will feed both the dove and hawk camps. In our view, the slowdown […]
29/08/2024

Today and Tomorrow, Attention Shifts to Economic Data

Nvidia generated a record $30bn in sales in Q2 – up by 122%, the profits surged 166% to $16.6bn, the company said that they expect to sell $32.5bn in the current quarter (more than $31.9bn expected by analysts) and announced a $50bn share buyback program. It could hardly do better. The actual results and the […]
06/09/2024

Canada’s Labour Market Continued to Cool in August

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