All eyes are on Washington today, as the American central bank – commonly known as the Fed – releases it’s final quarterly economic statement, and markets hope for hints on when a change to the overnight interest rate will come. Speculation has been rife for days, as analysts weigh a stronger US economy against global events: from the drop in oil to the slowing of the Chinese economy.
The Day Ahead
Oil clawed it’s way back to minor gains yesterday, fuelling a boost to the TSX and the loonie. But the gains could be more a reprieve than a satisfying bounce – …read more
Source: Macleans
