technology coins Top Knowledge

If the Bank of Canada cuts interest rates by 50bp as expected, it is expected that the pace of interest rate cuts will slow down. The Bank of Canada cut interest rates sharply for the second time in a row this month, and hinted that policymakers are prepared to slow down the pace of monetary easing. The bank cut interest rates by 50 basis points to 3.25%, bringing borrowing costs to the upper part of their expected range of neutral interest rates. However, they also hinted that after the sharp interest rate cut expected by the market and most economists, there may be a smaller interest rate cut again in 2025. Officials dropped their previous statement that they expected to further reduce borrowing costs. "With the policy interest rate greatly reduced, we expect that if the economic development is generally in line with expectations, monetary policy will adopt a more gradual approach," Bank of Canada Governor Mackler said in a prepared speech. "Looking ahead, we will evaluate the necessity of further reducing the policy interest rate one by one."Spot gold stood at $2,710 per ounce, up 0.63% in the day.Russian President Vladimir Putin: His AI technology is crucial to Russia's sovereignty.

The Haitian government announced that the Port-au-Prince airport would resume the use of commercial flights. On December 10th, local time, Haitian Prime Minister Alex Fils Aimee announced that the Toussaint Louverture International Airport in Port-au-Prince would resume its normal use from now on to fly commercial flights. However, due to the ban on take-off flights issued by the US aviation regulator, there is still no news about when the first flights will resume. (CCTV News)Hershey's share price fell by about 4%.Toronto stock index GSPTSE rose 0.21% to 25,558.81.

Brazilian Congress Leader: Brazilian President Lula is expected to return to Brasilia after surgery next Tuesday or Wednesday.The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.The power company said that Nigeria suffered a nationwide power outage due to power grid failure.