Dec 16 - Canada's main stock index dipped on Monday after Finance Minister Chrystia Freeland resigned abruptly ahead of the mid-term budget, while investors awaited the Federal Reserve's rate decision later this week.
"Her reference to –"costly political gimmicks, which we can ill afford and which make Canadians doubt that we recognize the gravity of the moment" – isn't giving investors confidence in the government's response to proposed 25% tariffs from the Trump administration," said Graham Priest, investment advisor, BlueShore Financial.
Gold prices , however, gained against a softer dollar ahead of the Fed's policy meeting on Wednesday when the central bank is expected to deliver a third rate cut this year and provide hints regarding its 2025 outlook.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Four stocks added to Canada’s main stock index; Algonquin Power stays in TSX 60Index maker declines to drop Algonquin from S&P/TSX 60
Source: globeandmail - 🏆 5. / 92 Read more »
Ernest Duke, Crypto and Market Expert at Kitco NewsKitco NEWS features a team of journalists covering the economy, stock markets, commodities, cryptocurrencies, mining, and metals. Ernest Duke, a Crypto and Market Reporter with over 15 years of experience, joins Kitco News to provide in-depth reporting and analyses to help people make informed market decisions.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Diverse Team of Journalists at Kitco NEWS Covering Financial Markets and Industry EventsKitco NEWS employs a team of experienced journalists who report on the economy, stock markets, commodities, cryptocurrencies, mining, and metals. Their goal is to aid informed decision-making through comprehensive coverage and in-depth analysis, including interviews with key industry figures and event coverage.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Kitco NEWS: Leading the Way in Accurate and Objective Market ReportingKitco NEWS provides comprehensive coverage of the economy, stock markets, commodities, cryptocurrencies, and metals. The team, including Jim Wyckoff, offers in-depth analysis and market insights to help individuals make informed decisions.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Kitco News: Comprehensive Market Coverage Led by Anna GolubovaKitco NEWS, known for its accurate and objective reporting on the economy, stock markets, commodities, cryptocurrencies, mining, and metals, aims to assist in informed market decisions. Led by Anna Golubova, an experienced journalist with a focus on economics and politics, the team provides daily roundups, exclusive coverage of industry events, and in-depth analyses.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »