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Monex1 Insights: Currency Exchange, Gold & Bullion

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Month: October 2024

Monex1 25 October 2024

Bank of Canada Rate Cut Expected to Boost Gas Demand and Prices, Analyst Predicts

What impact does Canada’s central bank have on gas prices? According to an industry expert, the larger rate cut announced by the Bank of Canada on Wednesday could lead to…

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Monex1 24 October 2024

The Bank of Canada has implemented a more substantial rate cut, reducing the key interest rate by 0.5 percentage points for the first time since the pandemic.

The Bank of Canada’s decision on Wednesday to cut the interest rate by 50 basis points, bringing it down to 3.75%, marks a rate reduction twice as large as the…

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Recent Posts

  • Gold Falls Below $4,300 as Interest Rate Fears Take Center Stage
  • Canadian Dollar Gains Momentum as U.S. Dollar Weakens
  • Inflation Heats Up Again as Markets Rethink the Fed’s Next Move
  • Wall Street Hits New Highs as AI Boom Continues to Drive Markets
  • Stock Markets Rally as Hopes Rise for Iran Conflict De-escalation

Recent Comments

  1. Kol3ktor on Most US Federal Reserve officials indicated their readiness to lower interest rates in September.

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