DIRS.INFO The most relevant business & tech news

☆ Canadian dollar forecasts cut as BoC trails Fed on peak-rate bets - Reuters poll
▼ + stars: | 2022-11-02 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

The currency has weakened over 7% against the U.S. dollar since the start of 2022. It was then expected to rally to 1.31 in a year, versus 1.30 expected in last month's poll. "That implied spread between terminal rates in Canada and the United States will probably have to widen out further and that could take the U.S. dollar higher across the board including against the Canadian dollar." Investors are betting on a terminal rate, or peak level for interest rates, from the BoC in the coming months of 4.25%. "We see less interest in investing money back into the ground in the oil patch when oil prices are high and so there's less room (for the currency) to fall when oil prices are low."

REUTERS/Ricardo Moraes/File Photo/File PhotoLONDON, Nov 2 (Reuters) - The pace and scale of rate hikes delivered by central banks around the globe in October slowed down dramatically following September's historic peak. The latest moves have brought total rate hikes in 2022 from G10 central banks to 2,050 bps. Emerging markets interest ratesMarkets had recently taken heart from indications that rate hikes from major central banks - especially the U.S. Federal Reserve - were slowing down. "We see central banks on a path to overtighten policy," said Boivin on Monday in a weekly outlook note from the world's largest asset manager. "We think the Fed, like other developed market central banks, will only stop when the severe damage from rate hikes is clearer.

☆ 'Best smidcap stock that investors don't know about' is in billboards and broadband, Wells Fargo says
▼ + stars: | 2022-11-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Boston Omaha, an outdoor advertising and broadband telecom services company, is "the best smidcap stock that investors don't know about," according to Wells Fargo. Wells Fargo analyst Steven Cahall raised the price target to $34 (from $27), implying shares of Boston Omaha can surge roughly 22% on the back of strong internal and external growth. "We're raising 2022/23 EBITDA at Billboards and Broadband, as organic growth remains solid. Boston Omaha shares have outpaced the S & P 500 this year, down nearly 3% compared to the roughly 19% decline in the broader market index. "We think BOC likes to find mid-stage growth businesses that have long-term ROICs and would benefit from expansion capital," Cahall wrote.

☆ BoC's Macklem: No threat to independence of Canada's central bank - report
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +2 min

read more"I do not have any concerns about the bank's independence being under threat," Macklem was quoted saying in an interview with The Canadian Press. The remarks were published online on Sunday but the interview was conducted on Wednesday, The Canadian Press said. Canada, with its pricey homes and top of the G7 household debt levels, is particularly sensitive to higher interest rates, with fears mounting the BoC's aggressive hikes will trigger a recession. In his interview with The Canadian Press, Macklem acknowledged: "Lots of people are giving us advice on what we should do." And it's at times like this, that when it's difficult, that you see the value of the independence of central banks," he told The Canadian Press.

[1/5] Volunteers fill boxes with donated food at the Ottawa Food Bank warehouse in Ottawa, Ontario, Canada October 27, 2022. Demand has surged 33% at the Ottawa Food Bank from pre-COVID-19 pandemic levels, with visits up as spiraling grocery, gas and rent prices, along with fast-rising borrowing costs, leave more Canadians struggling to make ends meet. "That's because the cost of food has risen ... but also because of the number of people that are turning to a food bank right now," said Wilson. "Our wholesalers are definitely more tentative about spending money," said Farnell. "Everyone's nervous ... Will people be spending money?

☆ Analysis: Top central bankers fear breaking economy if they raise rates too fast
▼ + stars: | 2022-10-28 | by ( Francesco Canepa | ) www.reuters.com time to read: +4 min

STUBBORNLY HIGHBut stubbornly high inflation is making central bankers' job incredibly tricky. While there is nothing central bankers can do about present inflation rates, the mere optics of runaway prices made a "pivot" more difficult to justify. This requires an extraordinary balancing act by central bankers: persuading the market that they are serious about bringing down inflation without choking the economy. "The Fed needs to open a path towards smaller interest rate hikes without sounding too dovish," Christian Scherrmann, U.S. economist at DWS, said. The change of tone was minimal but it was enough for investors to start pricing in smaller hikes further down the road.

☆ Bank of Canada downshift helps lift TSX to three-week high
▼ + stars: | 2022-10-26 | by ( Fergal Smith | ) www.reuters.com time to read: +1 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 182.75 points, or nearly 1%, at 19,279.76, its highest closing level since Oct. 4. The Toronto market's energy group rose 1.8% as U.S. crude oil futures settled 3% higher at $87.91 a barrel. The materials group, which includes precious and base metals miners and fertilizer companies, added 1.8%, while industrials ended 1.3% higher. Shares of Rogers Communications Inc jumped 5.8%, while Shaw Communications Inc (SJRb.TO) shares were up 7.2% as investors bet that Canada is likely to approve Rogers Communications' bid for Shaw. Reporting by Fergal Smith; Additional reporting by Shashwat Chauhan in Bengaluru; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

The benchmark 10-year Treasury yield fell to one-week lows as expectations of slower rate hikes gained after the Bank of Canada delivered a smaller-than-expected 50 basis point increase. Such hopes also come against the backdrop of economic indicators and corporate results suggesting that rapid increases to the borrowing cost is slowing the economic growth. Bets for a 50 basis point hike in December have increased to 55.3%, up from 47.4% a day ago, while the expectations for a 75 basis point hike have shrunk to 38.6% from 50.8%, according to CME's FedWatch tool. Visa Inc (V.N) jumped 5.2%, boosting the Dow, after the payments processor topped quarterly profit estimates on strong travel demand. The S&P index recorded 23 new 52-week highs and two new lows, while the Nasdaq recorded 73 new highs and 41 new lows.

☆ Toronto markets rally as BoC surprises with smaller 50 bps hike
▼ + stars: | 2022-10-26 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +1 min

Oct 26 (Reuters) - Canada's main stock index rallied on Wednesday as a smaller-than-expected increase in interest rate by the Bank of Canada raised hopes that the central bank could be reining in on one of its faster monetary tightening cycles ever. ET (1459 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) jumped 1.32% to 19,348.72, its highest level in more than three weeks. The Bank of Canada raised its policy rate by half a percentage point to 3.75%, a 14-year high, against the backdrop of bets for another 75 basis points increase. It forecast that the economy could soon slip into a slight recession, but investors took comfort in the central bank reaching a potential pivot in its monetary policy. Reporting by Shashwat Chauhan in Bengaluru; Editing by Sriraj Kalluvila and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ TSX futures rise on commodity boost, BoC rate decision in focus
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

Oct 26 (Reuters) - Futures for Canada's resources-heavy stock index rose on Wednesday as commodity prices gained, while investors awaited policy decision from the country's central bank which is expected to deliver another big rate hike. read moreTraders are currently pricing in a 84.3% chance of a 75 bps hike to 4.0% after inflation data last week came in hotter than forecast. Futures on the S&P/TSX index inched up 0.1% at 06:59 a.m. ET, although Wall Street futures tumbled after disappointing results from technology giants Microsoft (MSFT.O) and Alphabet (GOOGL.O) raised fears of slowing economic growth. ($1 = 1.3554 Canadian dollars)Reporting by Shashwat Chauhan in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Oct 27 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeeverFirst Australia, now Canada. The Bank of Canada on Wednesday raised rates by 50 basis points, less than the 75 bps markets had expected. "We are getting closer to the end of this tightening phase," BOC chief Tiff Macklem said, citing recession fears. The European Central Bank and Bank of Japan are up next with policy decisions in the next 48 hours. But if the remaining heavyweight U.S. earnings this week beat forecasts and the ECB and BOJ play ball, it could have further to run.

☆ Dollar weathers suspected yen intervention, China data mixed
▼ + stars: | 2022-10-24 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

SYDNEY (Reuters) - The U.S. dollar weathered another suspected blast of Japanese intervention to push higher on the yen on Monday, while most share markets rallied on just the hint of an eventual slowdown in U.S. rate hikes. REUTERS/Issei KatoThe dollar started in a bullish mood with an early rush to 149.70 yen, before taking a sudden spill as far as 145.28 in a matter of minutes. Yet speculators seemed undaunted and took the dollar back up to 148.90 in choppy trading. Also moving was sterling, which see-sawed on news Boris Johnson had dropped out of running for British prime minister. The Bank of Canada is also expected to tighten by 75 basis points at its meeting this week.

☆ Dollar absorbs suspected yen intervention, China data mixed
▼ + stars: | 2022-10-24 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

SYDNEY (Reuters) - The U.S. dollar weathered another suspected blast of Japanese intervention to push higher on the yen on Monday, while for equities a drop in Chinese markets took the shine off hopes for an eventual slowdown in U.S. interest rate hikes. REUTERS/Issei KatoThe dollar started in a bullish mood with an early rush to 149.70 yen, before taking a sudden spill as far as 145.28 in a matter of minutes. Yet speculators seemed undaunted and took the dollar back up to 148.90 in choppy trading. Japanese authorities again declined to confirm whether they had intervened, but the price action strongly suggested they had. [GOL/]Oil prices surrendered early gains following soft data on Chinese demand.

☆ Dollar shakes off suspected Japan intervention; stocks brace for earnings
▼ + stars: | 2022-10-24 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

LONDON (Reuters) -The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift from hopes that U.S. interest rates could rise more slowly than previously thought. Japan likely spent a record 5.4 trillion-5.5 trillion yen ($36.16 billion-$36.83 billion) in its yen-buying intervention last Friday, according to estimates by Tokyo money market brokerage firms. Sterling, meanwhile, see-sawed in volatile trade on news Boris Johnson had dropped out of the running for British prime minister. Chinese blue chips slid almost 3%, while Hong Kong shares fell 6.4%, their biggest one-day drop since the financial crisis. Sentiment will also be tested by some major earnings with Apple, Microsoft, Google-parent Alphabet and Amazon all reporting.

☆ Dollar shrugs off suspected yen intervention, Europe clings to Fed hopes
▼ + stars: | 2022-10-24 | by ( Wayne Cole | Amanda Cooper | ) www.reuters.com time to read: +5 min

LONDON/SYDNEY (Reuters) - The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift from hopes that U.S. interest rates could rise more slowly than previously thought. Japanese authorities again declined to confirm whether they had intervened, but the price action suggested they had. Sterling, meanwhile, see-sawed in volatile trade on news Boris Johnson had dropped out of the running for British prime minister. The peak for rates has also edged down to around 4.87%, from above 5% early last week. “Although we do not expect any ‘dovish’ policy signal, we maintain a bias towards a lower rate path than currently priced by markets,” said analysts at NatWest Markets in a note.

☆ New images show harrowing scenes from inside New York's notorious Rikers Island jail, including prisoners in filthy and life-threatening situations
▼ + stars: | 2022-10-22 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +6 min

Newly obtained images show harrowing scenes inside New York City's notorious Rikers Island jail. The photos show a prisoner left to sit in their own feces and another being confined in a shower stall. A prisoner who was held in a decontamination shower stall at Rikers Island jail for nearly 24 hours. Still, despite the high spending, the Rikers images show extensive decay and dilapidation of the facilities, including broken floors, ceilings, and fire-singed doors. NYC Board of CorrectionImages also show rotten food, including moldy bread and fruit.

☆ Former BoE, BoC Governor Carney: UK crisis shows risk of policies at cross purposes
▼ + stars: | 2022-10-20 | by ( Julie Gordon | ) www.reuters.com time to read: +2 min

OTTAWA, Oct 20 (Reuters) - The political crisis in the UK shows the importance of fiscal and monetary policies not working at cross purposes, particularly in the current economic environment, said former Bank of England Governor Mark Carney on Thursday. "The UK experience underscores that it's counterproductive for fiscal and monetary policies to work at cross purposes," he told a Canadian Senate committee. "Colloquially, if one foot is on the brake, and that's monetary policy," then the other should not "stomp on the gas." "One of the lessons is that sound monetary and credible fiscal policy will be rewarded, but mistakes will be punished," Carney said. Carney, Bank of England Governor from 2013 to 2020 and Governor of the Bank of Canada from 2008 to 2013, noted the importance of an independent central bank, along with inclusive policy, saying the UK tax cuts mostly benefited the wealthy.

☆ BoC to dial down size of rate rises again but not done yet: Reuters poll
▼ + stars: | 2022-10-18 | by ( Indradip Ghosh | ) www.reuters.com time to read: +3 min

The expected move at the BoC's next meeting would be the second consecutive reduction in the size of rate rises after a 100 basis point move in July and 75 basis points last month. Given more U.S. Federal Reserve rate rises are due in coming months, the BoC is likely to get the overnight rate, currently at 3.25%, even further above its 2-3% estimate of neutral, where the economy is neither stimulated nor restricted. So far the BoC has matched the 300 basis points of Fed rate rises since March. "We continue to assume the BoC will dial back the pace of rate hikes with a 50 basis point increase later this month," said Josh Nye, senior economist at RBC. Most economists forecast another slowdown in the size of rate rises to 25 basis points in December and January, taking the overnight rate to a peak of 4.25%.

☆ Business sentiment softens in Canada as recession fears mount: BoC survey
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Oct 17 (Reuters) - Business sentiment has softened in Canada, with many firms expecting slower sales growth amid rising interest rates and cooling demand, and a majority now think a recession is likely in the next 12 months, a Bank of Canada survey showed on Monday. While there are early signs that pressures on prices and wages are easing, business inflation expectations remain high, the third quarter Business Outlook Survey showed. Consumers, meanwhile, expect faster rising prices in the near term, though longer-term expectations have eased, a separate survey found. Firms linked to housing activity expect higher rates to hurt their sales, while others now anticipate a slower - though still healthy - pace of sales growth, the survey found. The majority of consumers also expect a recession in the next 12 months.

☆ Analysis: Loonie bulls reel as Bank of Canada trails Fed on terminal rate bets
▼ + stars: | 2022-09-27 | by ( Fergal Smith | ) www.reuters.com time to read: +4 min

A Canadian dollar coin, commonly called a "loonie," and an American dollar bill are seen in this staged photo in Toronto, March 17, 2010. ,A lower terminal rate for the BoC than the Fed is not uncommon, but it threatens to pour cold water on Canadian dollar bulls' expectations that interest rate differentials would help underpin the currency over the coming year. The Canadian dollar has weakened 7.5% against the greenback since the start of the year. Canada's housing market has slowed rapidly in recent months, while its share of the economy, at 9%, is nearly twice that of the U.S. housing market. "Canada's economy is simply more interest rate sensitive than the U.S. economy," said Royce Mendes, managing director and head of macro strategy at Desjardins.

Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa, Ontario, Canada June 22, 2020. REUTERS/Blair Gable/File PhotoOTTAWA, Sept 26 (Reuters) - Inflation is too high in Canada, so the Bank of Canada needs to increase interest rates to slow spending and give the economy time to catch up, Governor Tiff Macklem said on Monday in a video posted by the central bank on Twitter. "Inflation is too high," Macklem said in a video tagged #AskTheBoC, echoing remarks made earlier this month after the central bank hiked its policy rate by 75-basis points to 3.25%. Register now for FREE unlimited access to Reuters.com RegisterThe Bank of Canada, like many of its global peers, is rapidly increasing interest rates in response to inflation running at levels not seen in decades. The central bank has lifted rates by 300 basis points in just six months as it looks to wrangle inflation back to the 2% target.

☆ Central banks unleash 350 basis points more of rate hikes in inflation fight
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +6 min

Central banks in the 10 big developed economies have raised rates by a combined 1,965 basis points in this cycle to date, with Japan the holdout "dove", sticking on Thursday with its ultra-low rates policy. read moreThe Fed's new projections showed its policy rate rising to 4.4% by year-end, before peaking at 4.6% in 2023. read moreOn Sept. 7, the BoC hiked its policy rate to 3.25%, its highest level in 14 years. Canada was the first among the world's advanced economies in the current policy-tightening cycle to deliver a 100 bps rate. That implies at least one more 50 bps rate hike at upcoming meetings.

☆ Asociaţia Obştescă „Artemida ” anunţă concurs pentru identificarea a unui/ unei expert/ experte sau companie pentru facilitarea atelierului de instruire în domeniul “Prevenirea arderii profesionale si
▼ + stars: | 2021-06-25 | by ( Alte Articole | ) www.civic.md time to read: +5 min

ASOCIAȚIA OBȘTEASCĂ ARTEMIDA VA ASIGURA:Expertul / experții / compania de consultanță va asigura suportul necesar pentru petrecerea trainingului. ASPECTE ORGANIZAȚIONALE ȘI TERMENII DE PRESTARE A SERVICIILORActivitățile menționate vor fi coordonate cu Directorul-Executiv sau Vicedirectorul al A.O. “Artemida” și Expert /-ă selectat. “Artemida” va oferi oportunități egale tuturor companiilor care vor participa la concurs. A.O “ Artemida” asigură că deciziile luate în procesul de selecție vor fi bazate pe criterii obiective, nediscriminatorii, legate direct de concurs.

Persons: . Testemițanu, boc, Tatiana Cebotari Locations: Drochia, Suedia

☆ Asociaţia Obştească „Artemida” anunţă concurs pentru identificarea unui expert / experți / companie de consultanță pentru elaborarea unui studiu regional în regiunea de Nord a Republicii Moldova care
▼ + stars: | 2021-06-25 | by ( Alte Articole | ) www.civic.md time to read: +8 min

CERINȚE, ATRIBUŢII ŞI RESPONSABILITĂŢI:Analiza cadrului legal și a altor acte relevante pentru acest subiect. Rezultatelor studiului vor fi prezentate în două exemplare în limbile română şi engleză şi vor fi atît pe suport de hârtie cît şi în versiunea electronică. Elaborarea şi discutarea prealabila cu Asociaţia Obştească „Artemida” a raportului preliminar cu rezultatele studiului. ASOCIAȚIA OBȘTEASCĂ ARTEMIDA VA ASIGURA:Expertul / experții / compania de consultanță poate beneficia și conta pe sprijinul contactare persoane corespunzătoare și acces la informații relevante. Cunoașterea limbilor română şi engleză la un nivel adecvat de analiză şi prezentare a Raportului cu rezultatele studiului şi a Raportului final în limba română şi engleză.

Persons: . Testemițanu, boc, Cebotari Organizations: + + Locations: Drochia, Nord, Republicii Moldova, Republica Moldova

☆ Mai mulți locuitori ai orașului Durlești nu au linişte şi sunt nevoiţi să meargă prin noroi din cauza unor lucrări de construcţie
▼ + stars: | 2020-12-27 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Mai mulţi locuitori din oraşul Durleşti se plâng că nu au linişte şi sunt nevoiţi să meargă prin noroi din cauza unor lucrări de construcţie. Oamenii spun că un drum din localitate este deteriorat din cauza maşinilor de mare tonaj. Ne-am adresat şi la poliţie, am scris şi la Procuratură şi la Primărie".Mai mult, unii locuitori susţin că lucrările durează până noaptea târziu. "Lasă murdărie foarte mare, e glod când ei vin de unde vin cu maşinile. Agentul economic a fost atenţionat să aibă grijă că în caz de deteriorări să repare fântâna.

Persons: Eminescu, boc Locations: glod, fărâmau, poliţie

Search resuls for: "Boc"

25 mentions found