Tina Turner was a singer, songwriter and actress. Known as the "Queen of Rock 'n' Roll".The Canadian dollar strengthened to a one-month high against its U.S. counterpart on Monday as investors grew more optimistic about the global economy and ahead of inflation data that could sway the Bank of Canada's interest rate outlook. The loonie was trading 0.3% higher at 1.3488 to the greenback, or 74.14 U.S. cents, after touching its strongest level since Aug. 15, at 1.3472.
The decision will also trigger an unspecified number of layoffs in Canada and the U.S., the Bank of Montreal said. It comes after the company's bad debt provisions more than tripled to $492 million in the quarter ended July 31 compared to a year earlier.
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Fed's rate decision, FedEx earnings, iPhone 15 preorders: What to watchOn Wednesday, September 20, the FOMC is set to make its next interest rate decision, which could impact the economic forecasts ahead of 2024. Jobless claims data is expected out on Thursday, alongside earnings reports from FedEx (FDX) and General Mills (GIS). Additionally, Apple (APPL) is preparing to ship out iPhone 15 pre-orders this week. Yahoo Finance's Josh Schafer informs viewers of this week's key events.
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Yahoo Finance LIVE - Sept 18 PMExecutives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
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FedEx earnings: How the UPS labor fight may boost resultsFedEx (FDX) is set to report its fiscal first quarter earnings after the market close on Wednesday. Citi Research Global Head of Transportation Chris Wetherbee says he expects the shipping giant to report 'decent' results given its 'challenged' fiscal 2023. FedEx’s Express segment “needs the most help” according to Wetherbee, but their ground and freight have been 'steady performers.' FedEx will benefit this quarter, Wetherbee says, due to “a degree of market share” moving from UPS (UPS) during its negotiations with the Teamsters and Yellow's (YELLQ) bankruptcy.
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