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Bank of Canada keeps interest rate unchanged
The Bank of Canada announced today to hold the interest rate at 0.25% unchanged in a widely expected move.
The bank stated that it will keep its current monetary policy with interest rates near zero to boost the economic recovery.
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US stocks rise after Fed Chief Powell's statements
US stock indices rose in early trading on Wednesday, after Federal Reserve Chairman Jerome Powell's testimony.
MoreOil falls ahead of EIA weekly report
Oil prices fell on Wednesday, to head for the second straight daily gain due to renewed concerns over the Chinese demand, after China's imports of oil declined, which overshadowed a large drop in the US crude inventories for the eighth consecutive week according to the American Petroleum Institute's preliminary data, ahead of the EIA's weekly report.
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The US dollar fell against a majority of rivals on Wednesday, on profit-taking while investors await Federal Reserve Chairman's semi-annual testimony, which is expected to raise the odds of the Federal Reserve to tighten monetary policy soon.
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