crypto likely to rise, Featured snippets

Market News: Alexander Brothers, a well-known real estate agent, was arrested by the FBI.Bank of Canada: Wage growth shows signs of slowing down, but wage growth related to productivity is still at a high level.If the Bank of Canada cuts interest rates by 50bp as expected, it is expected that the pace of interest rate cuts will slow down. The Bank of Canada cut interest rates sharply for the second time in a row this month, and hinted that policymakers are prepared to slow down the pace of monetary easing. The bank cut interest rates by 50 basis points to 3.25%, bringing borrowing costs to the upper part of their expected range of neutral interest rates. However, they also hinted that after the sharp interest rate cut expected by the market and most economists, there may be a smaller interest rate cut again in 2025. Officials dropped their previous statement that they expected to further reduce borrowing costs. "With the policy interest rate greatly reduced, we expect that if the economic development is generally in line with expectations, monetary policy will adopt a more gradual approach," Bank of Canada Governor Mackler said in a prepared speech. "Looking ahead, we will evaluate the necessity of further reducing the policy interest rate one by one."

Broadcom's share price rose 4.3% before the market closed.The interest rate swap market predicts that the probability of the Bank of Canada cutting interest rates further in January next year is about 70%.Alaska Airlines Group shares rose 3.35% after at least three brokers raised their P/E ratios.

Duoduo (DUO.P) fell by 8.1%, and it is planned to raise $7 million through additional issuance.After the announcement of the Bank of Canada's interest rate decision, USD/CAD fell 50 points to 1.4140.The Dow Jones Internet Composite Index reported 1159.70, up 0.85%.