3M Stock Rises As BofA Retracts Its Pessimistic Prediction
On Tuesday, shares of 3M Co. experienced a rally due to BofA Securities analyst Andrew Obin’s recommendation for investors to stop selling before earnings. The risks facing consumer, industrial, and healthcare products companies are now balanced, According to Obin. Bank of America Securities upgraded industrial manufacturing giant 3M from underperform to neutral on Tuesday. The […]
The BoC Rate Choice Is The Focus Of Attention
Today, the Bank of Canada (BoC) will announce its monetary policy decisions, and Governor Tiff Macklem will speak about the policy outlook. It is expected that the BoC will raise its policy rate by 25 basis points to 5%. In early European trading, the USD/CAD exchange rate reached its lowest level since late June, trading […]