Trends - Bank of Canada - Business Recorder

Bank of Canada

US dollar gains as risk sentiment sours

NEW YORK: The US dollar edged higher against a basket of currencies on Wednesday, as investors’ appetite for...

Published 26 Oct, 2023 06:08am

Markets

J.P.Morgan, Goldman Sachs expect Canada central bank to hold rates next week

J.P.Morgan and Goldman Sachs now expect the Bank of Canada to keep policy rates unchanged at 5% for the second...

Published 18 Oct, 2023 12:19pm

Markets

TSX futures flat on rate hike jitters, lower copper prices

Futures for Canada's resource-heavy main stock index were subdued on Thursday as concerns over rising interest rates...

Published 29 Jun, 2023 05:00pm

Markets

India’s central bank holds rates, as expected

MUMBAI: India’s central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as...

Published 08 Jun, 2023 10:21am

Business & Finance

Bank of Canada hikes rates to 4.75%, highest in 22 years

OTTAWA: The Bank of Canada on Wednesday hiked its key overnight benchmark rate to 4.75%, the highest level in 22...

Published 07 Jun, 2023 07:48pm

Markets

Asian shares extend global rally, oil rises after Saudi cuts

SYDNEY: Most Asian stock markets extended a global rally on Monday on optimism the Federal Reserve would pause its...

Published 05 Jun, 2023 09:40am

Markets

Yen drops, dollar on defensive as central banks seek to reassure markets

TOKYO: Currency markets showed some cautious optimism after global authorities moved to stem contagion from a...

Published 20 Mar, 2023 10:09am

Business & Finance

Canada economy stalls in 2022 fourth quarter

OTTAWA: Canada’s economy stalled at the end of 2022 with zero growth, the government statistical agency said...

Published 06 Mar, 2023 07:36am

Markets

Dollar near eight-month low ahead of central bank meetings

SINGAPORE: The dollar lolled near an eight-month low against its peers on Thursday, as a gloomy US corporate...

Published 26 Jan, 2023 09:14am

Markets

TSX pares weekly gain as investors brace for further rate hikes

TORONTO: Canada’s main stock index fell on Friday, including declines for financials and technology, as investors...

Published 05 Dec, 2022 05:47am

Markets

New Zealand central bank review says monetary tightening should have started earlier

WELLINGTON: The New Zealand central bank’s dramatic easing in monetary policy was largely warranted over the...

Published 10 Nov, 2022 09:36am

Business & Finance

Indian rupee posts weekly rise

MUMBAI: The Indian rupee was little changed against the dollar on Friday, but posted a weekly rise on bets that the...

Published 31 Oct, 2022 05:55am

Markets

Indian rupee seen sharply higher on bets may Fed dial back rate-hike pace

MUMBAI: The Indian rupee is expected to open higher against the dollar on Thursday, after the US currency plunged on...

Published 27 Oct, 2022 10:09am

Business & Finance

Bank of Canada surprises with 50 bps hike, says slight recession possible

OTTAWA: The Bank of Canada announced a smaller-than-expected interest rate hike on Wednesday and said it was getting...

Published 26 Oct, 2022 08:25pm

Markets

Bank of Canada set for another supersized hike even as outlook darkens

OTTAWA: The Bank of Canada is widely expected to raise rates by another three-quarters of a percentage point to a...

Published 26 Oct, 2022 12:02pm

World

Canada's Trudeau announces C$4.5bn inflation relief package for low earners

OTTAWA: Canadian Prime Minister Justin Trudeau announced C$4.5 billion ($3.43 billion) in measures on Tuesday...

Published 13 Sep, 2022 11:32pm

Markets

Oil dives more than $4 on strong dollar, recession fears

NEW YORK: Oil prices tumbled more than $4 on Wednesday, slumping below levels seen prior to Russia’s invasion of...

Published 08 Sep, 2022 05:43am

Business & Finance

Canadian dollar weakens 0.1pc

TORONTO: The Canadian dollar edged lower against its US counterpart on Friday but notched its second straight weekly...

Published 01 Aug, 2022 05:54am

Business & Finance

Bank of Canada chief sees inflation ‘a little over’ 8% as soon as next week

OTTAWA: The Bank of Canada expects inflation to go “a little over” 8%, as soon as next week when June’s data is...

Published 16 Jul, 2022 06:20pm

World

US annual consumer inflation posts largest increase since 1981

WASHINGTON: U.S. annual consumer prices jumped 9.1% in June, the largest increase in more than four decades, leaving...

Published 13 Jul, 2022 10:53pm

Markets

Bank of Canada surprises with 100-bp rate hike as price risks gather steam

OTTAWA: The Bank of Canada on Wednesday surprised markets with a full-percentage-point rate hike, a super-sized...

Published 13 Jul, 2022 07:48pm

Business & Finance

Canadian dollar weakens 0.3pc

TORONTO: The Canadian dollar weakened against its US counterpart on Wednesday as a sharp drop in oil prices worked...

Published 23 Jun, 2022 06:05am

Business & Finance

Canadian dollar gains

TORONTO: The Canadian dollar strengthened against its US counterpart on Tuesday, extending its recovery from a...

Published 22 Jun, 2022 05:58am

Business & Finance

Canadian dollar weakens 0.7pc

TORONTO: The Canadian dollar fell against its broadly stronger US counterpart on Friday as investors weighed ...

Published 11 Jun, 2022 06:08am

World

Canada jobless rate hits record low, bolstering case for 75-bps rate hike

OTTAWA: Canada’s jobless rate inched down to a new record low after adding more jobs than expected in May, official...

Published 10 Jun, 2022 07:26pm

Business & Finance

Canadian dollar weakens 0.2pc

TORONTO: The Canadian dollar weakened against its US counterpart on Thursday, extending its pullback from a...

Published 10 Jun, 2022 06:16am

Business & Finance

Canadian dollar weakens

TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday, pulling back from its highest in nearly...

Published 08 Jun, 2022 06:19am

Business & Finance

Canadian dollar gains

TORONTO: The Canadian dollar strengthened against its US counterpart on Thursday as oil prices rose and investors...

Published 03 Jun, 2022 05:56am

Markets

Bank of Canada says rates may have to double to 3%, or go even higher

OTTAWA: The Bank of Canada will probably have to raise its policy rate to the top of its neutral range, double its...

Published 02 Jun, 2022 10:03pm

Business & Finance

Dollar advances vs euro as upbeat US data lends support

NEW YORK: The US dollar rose against the euro on Wednesday, helped by upbeat US economic data, and as the common...

Published 02 Jun, 2022 06:19am

Gainers
Losers
Leaders

Stock	Price
F. Nat.Equities / Dec 5 First National Equities Limited(FNEL)	6.28 ▲ 1.00 (18.94%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.25 ▲ 0.50 (18.18%)
Universal Ins. / Dec 5 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Aisha Steel(ConPS) / Dec 5 Aisha Steel(ConPS)(ASLPS)	8 ▲ 0.85 (11.89%)
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	7.93 ▲ 0.76 (10.60%)
HBL Invest Fund / Dec 5 HBL Investment Fund(HIFA)	3.43 ▲ 0.31 (9.94%)
Trust Sec.& Brok. / Dec 5 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Waves Home Appliances / Dec 5 Waves Home Appliances Limited(WHALE)	8.75 ▲ 0.72 (8.97%)
Jubilee Spinning / Dec 5 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.94 ▲ 0.54 (8.44%)
Al-Shaheer Corp / Dec 5 Al Shaheer Corporation Limited(ASC)	9.90 ▲ 0.77 (8.43%)

Stock	Price
Asim Textile / Dec 5 Asim Textile Mills Limited(ASTM)	12.70 ▼ -1.03 (-7.50%)
Universal Network (GEM) / Dec 5 Universal Network Systems Limited (GEM)(GEMUNSL)	28.23 ▼ -2.29 (-7.50%)
MithchellsFruit / Dec 5 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Pak Suzuki / Dec 5 Pak Suzuki Motor Company Limited(PSMC)	504.39 ▼ -40.90 (-7.50%)
Janana D Mal / Dec 5 Janana De Malucho Textile Mills Limited(JDMT)	63.82 ▼ -5.17 (-7.49%)
Reliance Ins. / Dec 5 Reliance Insurance Company Limited(RICL)	8.80 ▼ -0.70 (-7.37%)
Pak Gulf Leasing / Dec 5 Pak-Gulf Leasing Company Limited(PGLC)	7.18 ▼ -0.57 (-7.35%)
JS Investments / Dec 5 JS Investments Limited(JSIL)	16.02 ▼ -1.23 (-7.13%)
Masood Textile / Dec 5 Masood Textile Mills Limited(MSOT)	50.20 ▼ -3.80 (-7.04%)
AEL Textile / Dec 5 AEL Textile Limited(AEL)	20 ▼ -1.50 (-6.98%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,056,586 ▲ 0.04
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▼ -0.61
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,923,500 ▲ 1.29
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.07
Fauji Fert Bin / Dec 5 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.14
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,778,132 ▲ 5.13
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,491,106 ▲ 5.48
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,637,629 ▲ 0.38
Hum Network / Dec 5 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.76

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	147.21
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.26
Euro to USD / Dec 4	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
India Sensex / Dec 4	68865.12
Tokyo Nikkei / Dec 4	33231.27
Nasdaq / Dec 4	14185.50
Hang Seng / Dec 4	16646.05
FTSE 100 / Dec 4	7512.96
Dow Jones / Dec 4	36204.44
Germany DAX 30 / Dec 4	16404.76
France CAC40 / Dec 4	7332.59

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Crude Oil USD/Barrel / Dec 4	73.31
Gold 10 Grams PKR / Dec 4	191701
Gold Spot USD/Ounce / Dec 4	2029.96
Cotton US¢/pound / Dec 4	78.68

Calculate your monthly liability in FY24

Bank of Canada

Most Popular Articles