The Bank of Canada will release the interest rate on October 24 at 17:00 MT time.
Great Britain injects billions into promising 'industries just to ward off Brexit shocks
On Monday, Prime Minister Theresa May officially announced up to 4 billion pounds of spending on research and development as well as regional growth strategies, setting out ambitious plans to help the UK economy to surge after Brexit.
Amid severe international competition, the UK is considering carving out a fresh global role as a potential leader in so-called "industries of the future," including artificial intelligence and also driverless vehicles after it exits the EU in March 2019.
Badly affected by a botched snap election as well as with Brexit negotiations running behind schedule, May is about to stir up some economic upbeat mood just to help her poor minority government through the country’s most uncertain period since WWII.
The key challenge of Wednesday's budget will be improving the country’s persistently low productivity, lagging international rivals and considered to be as a key limiting factor on economic surge.
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What this week will bring to us? The rate statements from the central banks of Canada and Eurozone, the US data, details on the Italian budget problem and even more!
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…