Royal Bank of Canada (NYSE: RY) is reduced in price due to the sale units. It is about the bank’s insurance department. Royal Bank of Canada is 51.23 points, losing -0.90 (-1.73%).
Pound / dollar is testing resistance at 1.4875/85 area, with corrective rollback clearly lacking enthusiasm. So, obviously the market is set to further increase pound. Some technical traders said that the next resistance will be the region of 1.4920. Support is at 1.4860. The Canadian dollar lost some weight at the auction on Friday because of lower oil prices and signs that the estimates on the state of the oil industry and oil consumers may be overly optimistic.
As noted by currency analysts Scotia Capital, a decrease in sales in the manufacturing sector in April was the first negative index of the Canadian economy for eight months.
Dow Jones Industrial Average started trading with the next attempt to restore the position. Bulls increase the volume of trading on the U.S. stock market from the first minutes. Bears are sitting in anticipation of the new statistics. Meanwhile, Bank of Canada raised the base interest rate yesterday to 0.25 points to 0,5% per annum, considering the pace of economic growth and inflation in the country, the relevant expectations. ” Canadian regulator was the first of the Group of Seven central banks of countries have taken steps in this direction, which prompted a new wave of fear in financial markets.