The Japanese yen strengthened against other major currencies in the European session on Thursday. The yen rose to nearly a 4-week high of 183.83 against the euro, from an early near 2-week low of 187.56. Against the pound and the Swiss franc, the yen advanced to more than 3-week highs of 212.15...
Canadian stocks moved lower on Wednesday, extending the losses from two previous sessions amid the ongoing Strait of Hormuz closure while traders analyzed the interest rate decisions by the central banks of Canada and the U.S.
Canadian stocks drifted lower on Wednesday, weighed down by persisting concerns about the ongoing conflict between the U.S. and Iran and its potential impact inflation and overall economic growth. Meanwhile, the Bank of Canada left its interest rates unchanged as widely expected for the fourth consecutive meeting.
Citing ongoing uncertainty, the Bank of Canada on Wednesday announced its widely expected to leave interest rates unchanged for the fourth consecutive meeting. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
Canadian and U.S. futures point to a flat start on Bay Street Wednesday morning, ahead of interest rate decisions from the Bank of Canada and the Federal Reserve.
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.