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2024-12-14 04:52:10

Market news: EU ambassadors have temporarily agreed to impose the 15th round of sanctions on Russia.Bank of Canada: Canada's economic growth in the fourth quarter seems weaker than expected. Bank of Canada: Canada's economic growth in the fourth quarter seems weaker than expected. The United States may impose new tariffs on Canadian products exported to the United States, increasing uncertainty and casting a shadow over the economic prospects. Consumer spending and household activities both picked up in the third quarter, indicating that lower interest rates began to boost household spending. The growth in the fourth quarter may be weaker than the 2% annualized level expected by the central bank, and the average inflation rate is expected to be close to 2% in the next few years.Toronto stock index GSPTSE rose 0.21% to 25,558.81.


U.S. Department of Justice: An insider of Dominion Bank was arrested for assisting in money laundering.Goldman Sachs raised the target price of several hotel chain stocks. Goldman Sachs raised the target price of Hilton Hotel from $247 to $277, Hyatt Hotels Group from $151 to $167, and Marriott from $280 to $314.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.


Russian President Vladimir Putin: His AI technology is crucial to Russia's sovereignty.The Dow Jones Internet Composite Index reported 1159.70, up 0.85%.Bank of Canada: The sharp interest rate cut is aimed at supporting economic growth and keeping CPI at a level close to 2%.

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