The Bank of Canada says those who took out a home loan in 2020 or 2021 should stay for higher rates at renewal. High house prices and debt loads associated with them are a major vulnerability to Canada’s economy, the Bank of Canada said Thursday, warning buyers who bought during …

The annual CPI forecast to be unchanged at 8.3% in May. Core prices expected to drop to 5.9% from 6.2%. Steep oil and fuel price gains in May could push inflation risk upward. Fed tightening policy will be unchanged and eventually markets are expected to react to differentials.April’s small decline …

Wall Street’s main indexes retreated in mixed trading Thursday. Technology and growth equities are struggling to find direction amid rising treasury yields and weaker risk appetite on the back of accelerating concerns around soaring inflation and aggressive interest rate hikes.The Dow Jones Industrial Average was down 60.73 points, or 0.18%, …

The Euro came under pressure after ECE meeting despite higher yields. On the American front, the US dollar gains momentum as market sentiment deteriorates.The EUR/USD pair has dropped further during the US trading session and bottomed at 1.0643 touching the lowest level in a week amid a stronger US dollar …

Gold price witnessed some selling on Thursday amid a further rise in the US bond yields. Hawkish central banks further contributed to driving flows away from the commodity. A softer risk tone, modest USD downtick extended some support and helped limit losses.Gold Price edged lower on Thursday and was last …

The US dollar suffered early in the US session as government bond yields temporarily dropped, later recovering some ground amid falling US equities. Most major currency pairs are holding on to familiar levels, except for the USD/JPY pair, which surged to a fresh 20-year high of 134.47. The imbalance between …

Crude oil prices jumped over 2% to a 13-week high on Wednesday as US demand for gasoline keeps rising despite record pump prices, while expectations that China’s oil demand will increase faced growing supply concerns in several countries, including Iran.Analysts have said a nuclear deal with Iran could add about …

The UK is considering stricter enforcement of the economic sanctions measures next week after passing a relevant legislation in the wake of Russia’s invasion of Ukraine.Starting June 15, the UK’s Office of Financial Sanctions Implementation will not have to seek evidence that companies or individuals who violate the country’s sanctions …

As the market participants’ attention and focus turns to the ECB, at 1.0720, the EUR/USD pair is 0.2% higher on the day during the North American session. The pair’s price has moved upwards from the 1.0671 low to hit the 1.0748 high. However, trading decisions do take into account the …

Ukraine’s President Volodymyr Zelenskyy answered questions from corporate leaders at the Yale CEO Summit on Wednesday.The president urged companies that have not shut down operations in Russia to leave the country and instead set up their branches and new businesses in Ukraine. He also warned of widespread famine if Russia …