Bank of Canada cuts rates, says tariffs could stoke persistent inflation
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and said it was ...
BMO Capital raises Metro stock rating, lifts target to Cdn$96
BMO Capital Markets revised its outlook on Metro Inc . (TSX:MRU:CN) (OTC: MTRAF), upgrading the stock from Market Perform to Outperform and increasing the price target from Cdn$92.00 to Cdn$96.00. The ...
BMO poll says 63% express recession concerns, 48% believe economy will weaken
The online poll also found 48 per cent of those surveyed believed the economy will weaken over the next year, while 19 per ...
Invesco price target raised to $21 from $19 at BMO Capital
BMO Capital raised the firm’s price target on Invesco (IVZ) to $21 from $19 and keeps a Market Perform rating on the shares after its Q4 ...
US core inflation cools down after six months
US consumer prices rose in December by less than forecast after months of faster underlying inflation persuaded the Federal ...
A Record-Sized Government Debt Auction Is Coming
The Treasury Department is preparing a record-size auction for government debt that expires in 10 years. This afternoon $20 billion worth of 10-year Treasury inflation protected securities will be ...
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2-year yield plunges by most since September on mild core CPI inflation reading
That being said, ending 2024 on benign inflation footing does bode well for two quarter-point cuts in 2025 - a risk the market is currently underpricing," said BMO Capital Markets strategist Ian ...
Economists: Phoenix, U.S. economies are solid, but interest rates still plague housing
Inflation and interest rates might not ease much anytime soon, but both the Phoenix and U.S. economies start 2025 in good ...
Canada's inflation rate edged down to 1.8% in December as GST break kicked in
Canada's annual inflation rate slowed to 1.8 per cent in December after rising 1.9 per cent in Novem ber, as the temporary ...
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Jobs report fuels Treasury yield surge as markets brace for 5% threshold
as fiscal and trade policies under the upcoming Donald Trump administration could lead to more Treasury issuance and a rebound in inflation. A BMO Capital Markets client survey before the jobs ...
U.S. consumer prices see largest gain in nine months; core inflation shows signs of easing
U.S. consumer prices rose in December, pointing to elevated inflation and fewer interest rate cuts by the Federal Reserve.