Understanding Interest Rates and Their Impact on Cryptocurrencies
Interest rates are one of the most influential tools used by central banks to regulate the economy. They serve as a key instrument in managing inflation, stimulating economic growth, and controlling liquidity in financial systems. By adjusting interest rates, central...
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Canada’s Industrial Producer Prices Rise in November 2024
Canada’s industrial producer prices rose by 0.6% month-over-month in November 2024, building on a 1.2% increase in October. This growth surpassed market expectations, which had predicted a more modest rise of 0.3%. The increase was driven by significant price hikes...
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Canadian Economy Contracts in November 2024
Canadian Economy GDP contracted by 0.1% month-on-month in November 2024, marking the first decline in 11 months. This downturn was driven by lower output in key sectors such as extractive industries, transportation and warehousing, and financial services. However, growth in...
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UK Economy Stalls in Q3 2024
The UK Economy stalled in the third quarter of 2024, with growth revised down from the initial estimate of 0.1% to a flat performance. This marks a slowdown from the revised 0.4% growth recorded in Q2. The revisions highlight a...
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UK Retail Sales See Modest Uptick in November 2024
Retail sales in the UK increased by 0.2% month-over-month in November 2024, recovering slightly from a 0.7% decline in October. However, the growth fell short of market expectations of 0.5%, reflecting ongoing economic challenges. The rise was driven by higher...
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