News
Important Only
INSTANT VIEW-Bank of Canada holds benchmark interest rate at 2.25%
TORONTO, Jan 28 (Reuters) - The Bank of Canada on Wednesday held its policy rate at 2.25%, as widely expected, and Governor Tiff Macklem said the high level of uncertainty made it difficult to predict when and how rates might next change.MARKET REACTION: CAD/LINK: https://www.bankofcanada.ca/2026/01...Reuters
Wed, Jan 28
German government cuts 2026, 2027 growth forecasts due to rising uncertainty
By Maria Martinez BERLIN, Jan 28 (Reuters) - The German government lowered its growth forecasts for this and next year in Europe's biggest economy, reflecting greater uncertainty in international trade.The government trimmed its growth forecast for 2026 to 1.0% from 1.3%, as reported by Reute...Reuters
Wed, Jan 28
Could Trump name next Fed Chair today, overshadowing FOMC meeting?
Speculation is intensifying over US President Donald Trump’s nomination of the next Chair of the Federal Reserve (Fed), an announcement that could come as early as today, while the Federal Open Market Committee (FOMC) is also holding its monetary policy meeting.Fxstreet
Wed, Jan 28
BoC to maintain overnight rate at 2.25% with a cautious tone – TD Securities
TD Securities' Global Strategy Team provides insights on the upcoming Bank of Canada Rate Decision scheduled for January. The expectation is for the overnight rate to remain at 2.25%, with a cautious tone in the policy statement.Fxstreet
Wed, Jan 28
Walmart boosts pharmacy pay, elevates 3,000 roles in healthcare push
Jan 28 (Reuters) - U.S. retailer Walmart WMT.O on Wednesday said it has elevated 3,000 pharmacy technician roles to operations team lead positions, lifting their average hourly wages to $28 from $22, as it expands its digital and pharmacy healthcare services.The company also said pharmacy technician...Reuters
Wed, Jan 28
German minister urges faster roll-out of investment push as growth forecast cut
By Maria Martinez BERLIN, Jan 28 (Reuters) - Investments are boosting growth in Europe's biggest economy but their implementation needs to be faster, German Finance Minister Lars Klingbeil said on Wednesday, citing the government's 2026 economic report.The German government is lowering it...Reuters
Wed, Jan 28
Bank of Canada expected to hold rates steady as economy weathers Trump tariffs
Economists expect Canadian central bank to hold rates steady through 2026BoC's current rate at lower end of neutral rangeMonetary Policy Report to provide updates on inflation, economy, impact of federal budgetBy Promit Mukherjee OTTAWA, Jan 28 (Reuters) - The Bank of Canada is widely expecte...Reuters
Wed, Jan 28
For Fed, uptick in bank lending may add to case against rate cuts
Big US banks report higher profits, increase in lendingFed policymakers have latest bank lending survey in handFinancial markets bet on two quarter-point Fed rate cuts later this yearBy Ann SaphirJan 28 (Reuters) - Still-elevated inflation and a labor market that has weakened but not collapsed are t...Reuters
Wed, Jan 28
BoC expected to keep rates steady at 2.25% – NBC
The Bank of Canada is expected to maintain its overnight target at 2.25%, a decision anticipated by forecasters and OIS markets. Recent economic data has tempered rate cut expectations, leading to a slight easing bias in the near term and a mild hiking bias later in 2026.Fxstreet
Wed, Jan 28
Trump says 'we'll work something out with South Korea' after tariff threat
Trump walks back threat of tariff hike against South KoreaU.S. trade negotiator Greer says Seoul missed commitmentsSouth Korea's digital regulations raised U.S. concernBy Trevor Hunnicutt, Jack Kim and Joyce Lee WASHINGTON/SEOUL, Jan 28 (Reuters) - President Donald Trump said on Tuesday the U...Reuters
Wed, Jan 28
