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Real-time News
On September 16, Royal Bank of Canada analyst Abbey Xu said that the latest Canadian inflation report highlights the delicate balance that the countrys central bank needs to strike in its policy decision on Wednesday. The economist still predicts that the possibility of a "25 basis point cut" and "maintaining the same" in the policy interest rate is almost the same. Abbey pointed out that signs of weakness in the Canadian economy are already very obvious, but there are also initial signs of recovery in the third quarter. In addition, the overall annualized inflation rate in August was 1.9%, which was lower than the Royal Bank of Canadas previous forecast of 2.1%, but still rebounded from 1.7% in July. She also mentioned that all core inflation indicators continued to be higher than the 2% target set by the central bank, which highlights that inflationary pressures are still deeply rooted. Abbey said that the Bank of Canada still needs to consider multiple upward risks to inflation, including the stickiness of core inflation, the resilience of consumer spending, and the fiscal stimulus policies planned by the government.The Trump administration ordered Delta Air Lines joint venture with Aeromexico to dissolve by January 1.The Trump administration ordered Delta Air Lines and Aeromexico to dissolve their joint venture.Saudi Arabia is reportedly exploring artificial intelligence-related deals with private equity firms.According to the Globe and Mail: Canadian Transport Minister Freeland is expected to leave the cabinet to serve as special international ambassador for Ukraine.
