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The short-term decline of USD/CAD against Canadian dollar further expanded to nearly 70 points, and it is now reported at 1.4138.The Dow Jones Internet Composite Index reported 1159.70, up 0.85%.Alaska Airlines Group shares rose 3.35% after at least three brokers raised their P/E ratios.

Schneider, former CEO of Nestle, was nominated to join the supervisory board of Siemens.If the Bank of Canada cuts interest rates by 50bp as expected, it is expected that the pace of interest rate cuts will slow down. The Bank of Canada cut interest rates sharply for the second time in a row this month, and hinted that policymakers are prepared to slow down the pace of monetary easing. The bank cut interest rates by 50 basis points to 3.25%, bringing borrowing costs to the upper part of their expected range of neutral interest rates. However, they also hinted that after the sharp interest rate cut expected by the market and most economists, there may be a smaller interest rate cut again in 2025. Officials dropped their previous statement that they expected to further reduce borrowing costs. "With the policy interest rate greatly reduced, we expect that if the economic development is generally in line with expectations, monetary policy will adopt a more gradual approach," Bank of Canada Governor Mackler said in a prepared speech. "Looking ahead, we will evaluate the necessity of further reducing the policy interest rate one by one."The Nasdaq rose to 1%, while the S&P 500 index rose 0.58% and the Dow rose 0.1%.

Alaska Airlines Group shares rose 3.35% after at least three brokers raised their P/E ratios.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.Canadian Prime Minister Trudeau: The Bank of Canada's interest rate cut of 50 basis points is a correct step towards reducing the cost of living for Canadians.