Trends - Bank of Canada - Business Recorder

Bank of Canada

TSX falls near 1% as traders dial back rate cut expectations

Canada’s main stock index fell nearly 1% on Wednesday after the Bank of Canada (BoC) ruled out rate cuts until there...

Published 10 Apr, 2024 08:17pm

Business & Finance

Bank of Canada: can’t cut rates until it sees more inflation progress

OTTAWA: The Bank of Canada (BoC) kept its key interest rate unchanged at a near 23-year high of 5% on Wednesday and...

Published 10 Apr, 2024 07:58pm

Business & Finance

Bank of Canada keeps rates on hold, says too early to consider a cut

OTTAWA: The Bank of Canada (BoC) kept its key overnight rate steady at 5% on Wednesday as expected and said it was...

Published 06 Mar, 2024 09:07pm

Business & Finance

Economists pilloried for getting forecasts wrong

PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global...

Updated 04 Feb, 2024 10:10pm

Business & Finance

Dollar touches 2-week high, euro weaker

NEW YORK: The US dollar touched a two-week high on Wednesday, while the euro was weak across the board as markets...

Published 07 Dec, 2023 04:35am

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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