The Bank of Canada increased its key overnight interest rate to 2.50%, citing resilient global economic growth and persistent inflation pressures, especially from high oil prices. The central bank noted stronger-than-expected Canadian GDP growth and revised up its global GDP forecast for 2026. Inflation is expected to remain elevated, with CPI projected to reach 3.5% by year-end and average 3% in 2027. The BoC signaled possible further rate hikes but will proceed cautiously amid uncertainties, particularly around Canada-US trade relations and energy prices.
Gold price is reported at CAD$5,684/oz after the Bank of Canada raised rates by 25 basis points. For readers following Financials-sector US stocks on Pluang, here is the market snapshot as of Oct 28, 2026 19:41 WIB: out of 142 stocks, 66 rose and 71 fell. Notable movers include Marsh & McLennan Companies, Inc. (USD 195.09, +2.32%), KB Financial Group, Inc. (USD 115.08, +2.29%), and Coinbase Global, Inc. (USD 157.50, -2.23%, 65% sell orders).
Arcutis Biotherapeutics has appointed Dr. Rob Scott, a seasoned pharmaceutical executive with over 40 years of experience, to its Board of Directors. Dr. Scott's expertise in developing and securing approvals for innovative medicines, including derma...
Air Canada and CAE announced the opening of applications on November 1, 2026, for the 2027 Commandante-Judy-Cameron scholarships. These scholarships support up to eight Canadian women pursuing professional pilot or aircraft maintenance technician tra...
The Legacy Lab by Team One released its 2026 Legacy Makers 100 list, identifying brands consumers trust to have their best interests at heart and remain relevant long-term. St. Jude Children's Research Hospital topped the list for the second year. Th...
Circuit Mind has introduced AVE (Agentic Verification Engine), an AI-powered application that verifies printed circuit board (PCB) schematics against datasheets and internal design rules to catch errors early and avoid expensive respins. AVE compleme...
Grabar Law Office is investigating claims against officers and directors of Erasca, Planet Fitness, PROCEPT BioRobotics, and The Simply Good Foods Company for alleged breaches of fiduciary duties. The investigations focus on misleading statements and...
