News

Chief Risk Officer of Bank of Montreal: Canada’s economic environment is expected to be weaker in the first half of 2026, with trade uncertainty intensifying and consumer confidence sluggish.

BMO CEO: Canada’s unemployment rate is likely to remain above 7% until mid-2026, which will present some challenges, especially for consumer credit.

Reuters survey: 50 out of 100 economists said that the Federal Reserve is expected to lower the federal funds rate to a range of 3.25%-3.50% in the first quarter of 2026; 89 said that the Federal Reserve is expected to lower the federal funds rate by 25 basis points on December 10 to a range of 3.50%-3.75%.

The number of people filing for unemployment benefits in the United States in the week ending November 29th was 191,000, the lowest since the week ending September 24th, 2022.

Sources: U.S. authorities have detained a suspect suspected of planting a pipe bomb in Washington, D.C. before January 6, 2021.

The number of initial jobless claims in the United States for the week ending November 29 will be announced in ten minutes.

German Defense Minister: Ukraine needs strong security guarantees and the United States should play a key role.

US Department of Defense: It has completed its review of the Australia-UK-US alliance and identified opportunities to put the Australia-UK-US alliance on its strongest footing.

German Defense Minister: An imposed peace in Ukraine would have disastrous consequences for Europe and its security.

German Defense Minister: The key to peace in Ukraine lies with Russia, but Russia is not willing to make peace.

Market News: Indian Prime Minister Modi broke with convention by welcoming Russian President Vladimir Putin at the airport.

The United States said it was reviewing its relationship with the Tanzanian government.

Russia's central bank gold and foreign exchange reserves totaled US$733.4 billion in the week to November 28, compared with the previous value of US$729.1 billion.

Russian Economy Minister: If current trends continue, the inflation rate in 2025 will be significantly lower than current forecasts.

Canadian Imperial Bank of Commerce executive: Despite economic uncertainty, credit performance remains solid. Gradual improvement in the macro economy will cause NPL provisions to stabilize in 2026.

Trade sources said Indian refiners canceled import contracts for 70,000 tons of soybean oil, which was originally scheduled to be shipped from December to January.

The monthly layoff rate of challenger companies in the United States in November was -53.4%, compared with the previous value of 183%.

The annual layoff rate of challenger companies in the United States in November was 23.5%, compared with the previous value of 175.30%.

Challenger companies in the United States laid off 71,321 people in November, compared with the previous figure of 153,074.

The number of layoffs by challenger companies in the United States in November will be announced in ten minutes.