For the eighth time since May 2024, the Bank of Canada (BoC) has cut its policy interest rate. The bank’s governing council took off a quarter point. That halved the rate from 5 percent in May 2024 to 2.5 percent now, its lowest in three years.
Tag: Global Economy
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ARGENTINA’S CENTRAL BANK RESCUES PESO AMID POLITICAL CRISIS
On 17 September, Argentina’s central bank sold 53 million U.S. dollars and used the proceeds to buy pesos. That took about 78 billion pesos out of circulation.
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CHINA CEMENTS ITS PLACE AS WORLD’S LEADING EV MAKER
Because of their innovations in manufacturing, domestic access to raw materials, and the ability to turn out new models in record time, Chinese automakers now sell more than half of the electric passenger vehicles (EVs) bought worldwide.
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MAJOR U.S. FIRMS RUSH TO BORROW IN EUROS
Sales of euro-denominated bonds by U.S. companies—including Alphabet, Fiserv, PepsiCo, Verizon, and Visa—have notched a record $100 billion this year through mid-September as European interest rates remain attractive and the dollar loses its luster, Reuters reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The labor market continues to see layoffs as companies cut budgets and AI takes over human jobs.
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TOP TRENDS: ANOTHER GOLDEN YEAR FOR GOLD
As Trends Journal subscribers well know, we have forecast the downside and upside of gold.
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GLOBAL WEALTH AND POWER ARE PIVOTING TO THE EAST
History’s wheel is turning. China builds, India rises, BRICS surpasses the G7—while America punishes allies and empowers its Enemies.
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SPOTLIGHT: BIGS GETTING BIGGER
As we detail in this and previous Trends Journals, investment into the private equity business and Merger and Acquisition activity have been in decline.