RBC Capital Markets issued a list of Canadian stocks that could benefit under a strong Greenback and weak loonie ) could drift further apart, say analysts, if Canada’s central bank widens its policy rate gap with the Federal Reserve.
“RBC expects the Bank of Canada to cut rates before the Fed, and at a more aggressive pace afterwards,” they added. Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of roughly 5.3%.