Implications

Share: Economists at TD Securities discuss the Bank of Canada (BoC) Interest Rate Decision and its implications for the USD/CAD pair. Hawkish (25%) 25 bps hike. BoC hikes to 5.25%. Bank remains concerned that sticky inflation will delay the normalization of wage/inflation expectations, risking a wage-price spiral. October MPR still projects a soft

S&P 500 Index, SPX, Nasdaq Composite Index – Price Outlook: Only 18% of the members in the S&P 500 index are above their respective 20-day moving average. 17% of the members in the Nasdaq Composite Index are trading with 14-day RSI below 30. What does it mean for the trend going forward? Recommended by Manish