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January 22, 2020

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CANADA FX DEBT-C$ strengthens ahead of Bank of Canada interest rate decision

Market NewsBy Samuel ObayomiJanuary 22, 2020

Canada’s benchmark interest rates are one of the main drivers of Canada’s Economy. Canada annual inflation rate remained stable at 2.2% while the wholesale trade fell by 1.2% in November 2019. These drives the Expectation that Bank of Canada holds its benchmark Interest rate at 1.75%. Reuters

Daily financial market update 2020 JAN 21

Daily Market ReportBy Samuel ObayomiJanuary 22, 2020

Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.83% to 29,462.76 Index Points and N15.176Tr respectively. Year-to-Date ASI is still at a positive of 9.76%. Number of trade and Value of trade both decreased by 2.12% and 11.26% to 4945 and N3.713 Billion respectively…

BOJ raises growth forecast, signals status quo on policy outlook

Market NewsBy Samuel ObayomiJanuary 22, 2020

The Bank of Japan (BOJ) policies are one of the main drivers of Japan’s Economy. BOJ kept its short term inflation target at -0.1% while pledging to guide 10-year government bond yields around 0%. These are driven by the revision of growth for 2020 from 0.9% to 0.7%. Reuters

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