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5 Things to Know Today: BoC Decision, TSX 3-Week High, GTA Home Sales Surge

  Here's what Canadians need to know this Monday — a Bank of Canada decision two days out, a stock market at a three-week high, and a new benefit year kicking in for families. 1. Bank of Canada Decision Lands Wednesday The Bank of Canada announces its next interest rate decision on Wednesday, July 15 , alongside a fresh Monetary Policy Report. After five straight holds, markets are overwhelmingly pricing in a sixth: the overnight rate is expected to stay at 2.25% . Cooling oil-driven inflation fears and a stronger-than-expected June jobs report have taken pressure off the Bank to move in either direction. What it means for you: If you're carrying a variable-rate mortgage or HELOC, expect no change to your payment this week. Fixed-rate shoppers should watch bond yields going into Wednesday — any surprise in tone from the Bank could move fixed rates faster than the overnight rate itself. 2. TSX Closes at a Three-Week High The S&P/TSX Composite ended Friday's session up 1...
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Tech Stocks Rally After Inflation Data Shows Improvement

                                            

In a surprising turn of events, tech stocks led a market rally today following better-than-expected inflation data. Here are the key highlights:

  1. Inflation Eases Slightly: Despite persistent concerns about rising prices, the latest data indicates a slight easing of inflationary pressures.

  2. Consumer Price Index (CPI): The Consumer Price Index, a crucial measure of inflation, showed more favorable numbers than anticipated. This development has reinforced expectations that the Federal Reserve may soon cut interest rates.

  3. Tech Stocks Surge: Investors cheered the news, particularly in the tech sector. Companies like Apple, Microsoft, and NVIDIA (NVDA) saw significant gains.

  4. Market Outlook: With inflation under control, market sentiment has improved. The Dow Jones Industrial Average (^DJI) and the Nasdaq Composite (^IXIC) both posted strong gains.

While uncertainties remain, today’s positive data offers hope for investors. Keep an eye on further economic reports this week as the market reacts to changing conditions.






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