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The Bank of Canada’s willingness to cut interest rates up to three times before the Federal Reserve takes any action shows the importance of managing the declining currency to protect the inflation outlook. The weakening of the Canadian dollar compared to the U.S. dollar has led to discussions among investors regarding the extent to which
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China recently reported data that indicated slower growth in retail sales, with only a 2.3% increase in April compared to the previous year. This figure fell short of the expected 3.8% increase, signaling a potential slowdown in consumer spending. The pace of growth was also slower than the 3.1% reported in March, which raises concerns
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The influx of higher-income consumers at Walmart has been a driving force behind the retailer’s recent success. These affluent shoppers have played a significant role in propelling Walmart to all-time stock highs. However, former Walmart U.S. CEO Bill Simon cautions that maintaining these customers will be a daunting task. According to Simon, the Walmart experience,
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The US Dollar experienced a significant correction following the release of the latest Consumer Price Index (CPI) data, indicating a resurgence of disinflationary trends in April. As a result, the US Dollar Index hovered near the 104.00 level, signaling a potential downside break. Federal Reserve Bank officials, including Chicago President Austan Goolsbee and Minneapolis President
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