) has fallen as low as 2.3% Friday morning — putting it on track for its biggest weekly loss since early 2022 — in response toreports on the ripple effects this election year for most countries are having on international markets, including the CAC 40 and Japan's Nikkei 225 -- The head of one of Canada’s biggest asset managers says “the conditions are right” for the Bank of Canada to cut its policy interest rate to around 3% by the end of next year.
-New U.S. sanctions against Russia have forced an immediate suspension of trading in dollars and euros on its leading financial marketplace, the Moscow Exchange. The exchange and the central bank rushed out statements on Wednesday - a public holiday in Russia - within an hour of Washington announcing a new round of sanctions aimed at cutting the flow of money and goods to sustain Russia's war in Ukraine.