BoC sets rates to two-decade peak with room for more
The Bank of Canada made a significant decision on Wednesday by raising its overnight rate to 4.75%, marking the highest level in 22 years. This move immediately sparked forecasts from markets and analysts, predicting another increase in the following month to address an overheating economy and stubbornly high inflation that has persisted. After a series […]
US markets’ slump deepens to a half-year peak; its consequences
The trade deficit of the United States experienced a significant expansion in April, marking the largest increase in eight years. This growth was primarily driven by a rebound in imports of goods and a decline in exports of energy products. If this trend continues, it could potentially hinder economic growth in the second quarter, making […]