Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

Fed Raises Interest Rates For First Time Since July 2023

For the first time since July of 2023, the Federal Reserve announced on Wednesday that it has decided to raise interest rates. The Fed said it decided to raise the target range for the federal funds rate by 25 basis points to 3.75 to 4 percent in support of its dual mandate.

RTTNews | 23 minutes ago

TSX Modestly Higher; Dollarama Rises On Earnings, Outlook

The Canadian market remains firmly placed in positive territory around mid afternoon on Wednesday. Easing oil prices and lower bond yields contribute to the positive mood in the market.

RTTNews | 31 minutes ago

Swiss Market Ends On Firm Note

After a flat start, Swiss stocks edged higher and stayed positive right through the trading session to settle on a firm note on Wednesday. A sharp drop in oil prices and lower bond yields helped lift sentiment. Investors awaited the Federal Reserve's monetary policy announcement.

RTTNews | 44 minutes ago

European Stocks Close Broadly Higher As Oil Prices Drop

European stocks closed broadly higher on Wednesday as weak oil prices and lower bond yields helped lift sentiment. Investors digested the latest batch of regional economic data and looked ahead to the Federal Reserve's monetary policy announcement, due later in the day.

RTTNews | 1h 1min ago

U.S. Business Inventories Climb Much More Than Expected In July

A report released by the Commerce Department on Wednesday showed business inventories in the U.S. increased by much more than expected in the month of July. The Commerce Department said business inventories climbed by 0.8 percent in July following a revised 0.1 percent uptick in June. Economists had expected business inventories to rise by 0.3 percent.

RTTNews | 4h 0min ago

U.S. Housing Market Index Pulls Back To One-Year Low In September

Homebuilder sentiment in the U.S. has deteriorated by much more than anticipated in the month of September, according to a report released by the National Association of Home Builders on Wednesday. The report said the NAHB/Wells Fargo housing market index fell to 32 in September after inching up to 35 in August. Economists had expected the index to edge down to 34.

RTTNews | 4h 10min ago

U.S. Import Prices Rebound More Than Expected In August

A report released by the Labor Department on Wednesday showed import prices in the U.S. increased by much more than expected in the month of August. The Labor Department said import prices climbed by 0.7 percent in August after falling by a revised 0.3 percent in July.

RTTNews | 4h 24min ago

U.S. Retail Sales Jump 1.2% In August, Much More Than Expected

Retail sales in the U.S. shot up by much more than expected in the month of August, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales jumped by 1.2 percent in August after falling by a revised 0.5 percent in July. Economists had expected retail sales to increase by 0.7 percent.

RTTNews | 4h 39min ago

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