Equities have enjoyed a broadly healthy run-up so far this month as recent data suggested the US economy was holding up after 10 straight rate hikes but the Fed had enough room to skip another increase this month.
"Canada's central bank is viewed as one of the leaders when it comes to being proactive with monetary policy," said OANDA's Edward Moya. Wall Street's tech firms, which are susceptible to higher borrowing costs -- took the heaviest hit Wednesday, sending the Nasdaq down more than one percent.
Source: Financial Digest (financialdigest.net)
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