Manus on Markets: Fed Rate Cut Bets Roil Markets From Bonds to Gold
Investors paused after two weeks of gains on the Toronto Stock Exchange ahead of the Bank of Canada's expected interest rate cut next week, with a 93% probability of a quarter-point reduction.
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10 Articles

S&P/TSX composite declines ahead of rate decisions next week, U.S. markets mixed
TORONTO — Broad-based losses drove Canada's main stock index to close lower on Friday, while U.S. markets were mixed ahead of key rate decisions next week from the U.S. Federal Reserve and the Bank of Canada.
Manus on Markets: Fed rate cut bets roil markets from bonds to gold
@ the Bell: Markets split from record highs
Canada’s main stock index dipped on Friday as investors took a breather following two weeks of record-breaking gains, shifting their attention to a possible interest rate cut by the Bank of Canada next week. Industrials led the drop on the TSX. In the US, markets also slipped modestly after reaching new highs, as signs of a cooling job market and subdued inflation led investors to anticipate a rate cut by the Federal Reserve next week. Meanwhile…
The dollar was on track for its steepest weekly decline in more than a month as investors awaited the central bank's interest rate decision next week. Credit rating agency Fitch will issue an update on France's situation later on Friday.
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