What is the Bank of Canada expected to do with interest rates?

Strong jobs data suggests the Bank of Canada is expected to hold its borrowing rate steady this week.

What's happening with the Teck Resources merger?

Anglo American has withdrawn a bonus proposal, and Teck shareholders are scheduled to vote on the merger on December 9.

How are oil prices and gold reacting to Fed expectations?

Oil prices are at two-week highs on expectations of a Fed rate cut, while gold has also gained due to rate cut anticipation.

Home / Business and Economy / Market Holds Breath: BoC & Fed Meetings Loom

Market Holds Breath: BoC & Fed Meetings Loom

8 Dec

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Summary

Canadian stock futures flat ahead of central bank meetings.
Strong jobs data solidifies expectations of Bank of Canada rate hold.
Teck Resources merger vote nears as Anglo American adjusts bonus proposal.

Market Holds Breath: BoC & Fed Meetings Loom

Futures for Canada's main stock index showed little change as the market braced for significant central bank announcements. Investors are keenly observing the upcoming policy meetings of the Bank of Canada and the U.S. Federal Reserve, which are expected to shape market direction.

Stronger-than-expected employment figures in Canada have reinforced the likelihood that the Bank of Canada will maintain its current interest rates. Market participants widely anticipate a rate hold, with projections indicating potential increases in 2026, following earlier rate cuts this year.

In corporate news, Anglo American has withdrawn a controversial proposal concerning executive bonuses related to its merger with Teck Resources. This move comes as Teck shareholders prepare to vote on the proposed merger on December 9.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.