WATCH ABOVE: The Bank of Canada ended all the speculation and lowered interest rates Wednesday – the first decline in 4 years. It comes on the heels of a weak jobs report, which has everyone asking what's next for interest rates? With more on this we bring in our financial analyst, Michael Campbell.Strength in the energy, technology and base metal sectors helped Canada’s main stock index post a small gain on Monday, while U.S.In New York, the Dow Jones industrial average was up 69.
“As we head into the summer months, demand looks to be holding up. We’re not seeing any major downshift in economic activity,” he said. The expectation is that the Fed will hold rates steady, he said, but investors will be focused on the Fed’s “dot plot,” or its projection for where interest rates will go during the remainder of the year.The last time the Fed released its projections for its key rate, it looked like three cuts were in the cards for 2024.
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