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Declining Interest Rates Should Boost Investment Appeal For Canadian Banks: BofA Analyst

B Of A Securities analyst Ebrahim H. Poonawala revised the rating on several Canadian Banks amid a declining rates scenario. The analyst says the rapid decline in interest rates (5yr yield -120bp since Oct high) lowers the probability of tail risk events posed by a higher for longer scenario. 

BMO

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S&P 500, Nasdaq Slip As Tech Underperforms, Oil Reacts to OPEC+: What’s Driving Markets Thursday?

Thursday’s trading session on Wall Street presents a mixed picture, characterized by notable fluctuations in major indices. While tech-heavy benchmarks like the S&P 500 and the Nasdaq 100 are experiencing declines, blue-chip stocks and small caps are treading the path of marginal gains.

AMBA