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On September 11, Canadian Prime Minister Mark Carney stated that while the trade measures imposed by the United States on Canada this week will impact some businesses, the overall impact will be "limited." He also hinted that the government currently has no plans for retaliatory action. "We fully recognize that these measures have a significant impact on individual businesses and specific industries," Carney said. "But I also believe that when considered in the context of other measures taken by the U.S. government, these measures are relatively limited." When asked whether Canada would retaliate, Carney stated that the best approach is to focus on the governments established plans to strengthen the domestic economy and diversify trade and economic relations.Meta Platforms (META.O) announced a cash dividend of $0.53 per share, payable on September 28, 2026.The Central Bank of Peru kept its benchmark interest rate unchanged at 4.25%.September 11th - According to Nikkei, Nissan Motor Co. will maintain a domestic production capacity of 1 million vehicles in Japan by reallocating production among its remaining plants after closing one. The Japanese automaker announced on Thursday that the production of minivans currently manufactured at its two plants in Fukuoka Prefecture will be transferred to its Tochigi Prefecture plant over the next two to three years. Nissans Oihama plant in Kanagawa Prefecture will cease operations at the end of fiscal year 2027. This is part of Nissans plan to close and restructure seven vehicle assembly plants globally. After the closure of the Oihama plant, Nissans domestic production capacity in Japan will be reduced to approximately 800,000 vehicles. Including vehicles manufactured by Mitsubishi Motors, Nissans domestic production capacity in Japan will remain at approximately 1 million vehicles.On September 11, Canadian Prime Minister Mark Carney met with visiting Ukrainian President Volodymyr Zelensky in Calgary, Alberta, on September 10. The two sides decided to cooperate in expanding the production of military drones and announced a series of new agreements. According to a press release from the Prime Ministers Office, Canada will establish a national digital platform for military drones, modeled after Ukraines "Brave One" drone platform, to accelerate the research, development, procurement, and deployment of drones and counter-drone systems, ensuring the equipment supply for the Canadian Armed Forces and Coast Guard. Canada has signed an initial procurement contract worth CAD 50 million (approximately USD 36.15 million). In addition, the two sides signed the "Canada-Ukraine Centennial Partnership Declaration" and a joint declaration on strengthening defense and security cooperation.

Gold Price Prediction: Bears lurk behind $1,790 during the holiday season — Convergence Detector

Alina Haynes

Dec 26, 2022 19:16

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After a two-day slump, the gold price (XAU/USD) stays slightly bid as bears take a respite. Nonetheless, diverse catalysts pose a challenge to metal buyers in the consolidation of the largest daily decline in more than a week.

 

However, optimism around China's pro-growth plans and Sino-American squabbles have recently contradicted one another, testing Gold dealers. Traders expect the US Core Personal Consumption Expenditure (PCE) - Price Index and November Durable Goods Orders before the holiday-shortened final week of 2022.

 

The cautious mindset may also be attributable to the recent improvement in US GDP and CB Consumer Confidence, which rekindled hawkish Fed bets. In its most recent monetary policy meeting, however, the Federal Reserve failed to convince the XAU/USD bulls. Consequently, stronger prints of the scheduled data are required to recall the Gold sellers.


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