Market Chatter: Canada To Spend More On Debt After Rate Forecasts Edge Higher

Canada's government says it will spend more on debt costs this year as it updates its forecasts to reflect a higher-than-expected outlook for interest rates, Bloomberg News is reporting Friday.

MT NewswiresMay 24 08:15 ET

Pound Sterling Shows Resilience After UK Retail Sales Slump in April

Pound sterling edged higher against the US dollar but fell against other major currencies in early European trade on Friday after retail sales slumped more than expected in April with broad-based weakness across most sectors.

MT NewswiresMay 24 04:13 ET

U.K. Shoppers Spent Less in April as Inflation, Rain Damped Sales -- Update

U.K. shoppers held back on spending last month as consumers on both sides of the Atlantic prove reluctant to spend in stores amid still-high price inflation.

WSJMay 24 02:45 ET

Pound Gets Boost as UK Vote Nixes Holdout Bets on June Rate Cut

The pound’s peer-beating rally received another boost this week as an interest-rate cut by the Bank of England next month became virtually unthinkable to traders.

BNN BloombergMay 24 02:19 ET

U.K. Consumer Confidence Improves as Inflation Cools Further

Confidence among U.K. consumers rose a little in May, with easing inflation and the expectation of falling Bank of England interest rates set to boost Britons' spending power.

MarketWatchMay 23 19:08 ET

Bank of Canada Could Start With Rate Cuts in 12-Week Increments -- Market Talk

TD Bank chief economist Beata Caranci envisages three rate cuts from the Bank of Canada for the remainder of the year, with data measuring inflation and employment pointing to a build up of spare economic capacity.

WSJMay 23 15:25 ET