img CDN
img AUS
img NZ
img US
Call us now: 1.844.363.7297
imgOnline Dealing Login

BOC in Focus | US Trade Deficit Soars

Published March 6, 2019
  • The Bank of Canada will meet shortly to deliver a statement on rates. In lieu with the recent dismal set of economic data, the Central Bank is expected to leave the overnight target rate unchanged at 1.75% and the language of the Governor Stephen Poloz will be analysed carefully for future guidance.
  • The US trade deficit surges to $59.8B in December against the expectation of $57.3B, despite the President Donald Trump efforts to lower the imbalance through a series of tariffs implemented through the year.
  • Bank of England Governor Mark Carney said that there have been constructive developments in preparing for a disorderly Brexit, however crashing out of European Union would still experience a material shock he added.
  • President Donald Trump is pushing hard to strike a trade deal with China soon in hope of fueling a market rally, further into his re-election bid, as he grows increasingly concerned that that the lack of a trade agreement could knock down stocks.