Batis Exchange
The Bank of Canada is holding its key policy interest rate at 2.25 per cent for the fourth consecutive time as it warns of higher inflation for the short term.
The Canadian dollar moved lower against the U.S. dollar on Tuesday after reaching a multi-week high in the previous session, with investors shifting attention toward upcoming central bank decisions and Canada’s fiscal update.
U.S. equities moved lower on Tuesday as weakness in artificial intelligence-related stocks and rising energy prices weighed on investor sentiment.
Canadian and U.S. stock markets finished lower on Tuesday as investors reacted to renewed strength in oil prices, weakness in major technology shares, and ongoing uncertainty surrounding the conflict in the Middle East.
