OTTAWA (MNI) – The Bank of Canada Wednesday maintained its key policy interest rate at 0.05%, saying that Canada’s economy still contains significant slack in contrast to the United States. Market today shrugged off a widely expected US interest rate hike as the benchmark Sensex bounced 183 points to close at 26,698, with auto, IT, oil and gas shares keeping up the momentum. Revenues are a significant factor in defining principal business activity; however, earnings analysis and market perception are also important criteria for classification. The S&P 500 represents about 80% of the total market value of all stocks on the New York Stock Exchange. Late Friday, the US Department of Transportation finalized its decision to grant Norwegian Air International approval to operate flights into the US.
Due to the CMCA event being held at EPIC, access for market shoppers is via Wells Station Road or Morisset St. The resources sector has led the local market higher, as traders eye stronger cashflows in 2017. For information about RNS reach and News Announcements, the news sources available within the Market news section. Use our free currency converter, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service. Stay up to date with Market news, rotary updates, Market events and stallholder information.
Oil prices jumped more than 5 percent on Monday after OPEC and non-OPEC producers agreed to curb oil output and ease a global glut, while the US dollar extended gains ahead of an expected rate hike this week. The market has taken the sharper-than-expected slide in GDP in its stride, with miners and banks driving gains at noon. That’s why you should add our special Twilight Farmers Market to your calendar now.
Join today and you can easily save your favourite articles, join in the conversation and comment, plus select which news your want direct to your inbox. All of a sudden the market has gone cold on the idea of Reserve Bank rate hikes at the end of next year. You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.
India has said it will contribute USD 500,000 to the United Nations’s emergency response fund for the year 2016-17 as it stressed that the international response is falling significantly short of the challenges posed by humanitarian crises across the world.