Canada's 10-year bond yield recovered its early decline, rising by 1.1 basis points to 3.030%.Bank of Canada Governor Mackler M: Monetary policy no longer needs to remain tight. The job market is still weakening. Officials will adopt a more "gradual" interest rate policy.The interest rate swap market predicts that the probability of the Bank of Canada cutting interest rates further in January next year is about 70%.
The short-term decline of USD/CAD against Canadian dollar further expanded to nearly 70 points, and it is now reported at 1.4138.Toronto stock index GSPTSE rose 0.21% to 25,558.81.The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.
The power company said that Nigeria suffered a nationwide power outage due to power grid failure.Mackler, Governor of the Bank of Canada: The current policy focus is to keep inflation close to the target. Mackler, Governor of the Bank of Canada: Due to the sales tax holiday, the overall rate is expected to slow down to 1.5% in January. We will focus on core inflation indicators to help us evaluate CPI trends. It is expected that the inflation rate will drop at the end of the sales tax holiday. The current policy focus is to keep inflation close to the target. We hope to see economic growth accelerate to absorb unused capacity in the economy and keep the inflation rate at around 2%.The Nasdaq index just broke through the 19900.00 mark, and the latest report was 19900.89, up 1.09% in the day.