Bank of Canada Expected to Cut Rate; RBC Forecasts Fed Rate Cut Despite US Shutdown
Key Takeaways
- Bank of Canada is expected to cut its policy rate by 25 basis points on October 29.
- RBC forecasts Fed rate cut by 25 basis points in October despite US shutdown.
- Lesotho's denim industry faces crisis due to US tariffs and AGOA expiration.
- AM Best reports global trade uncertainty negatively impacts Canada's economy, reducing investment.
- Fluence Energy Inc. stock jumps 21.8% amid AI industry boom on October 25.
Top Stories
Bank of Canada expected to cut rate by 25 basis points.
On October 29, 2025, the Bank of Canada is anticipated to cut its policy rate by 25 basis points, influenced by softening U.S. labor markets and fading inflation risks in Canada.
RBC forecasts Fed rate cut despite US shutdown.
RBC forecasts the Federal Reserve will cut interest rates by 25 basis points in October 2025, despite a US government shutdown disrupting economic data.
Lesotho's denim industry in crisis due to US tariffs.
As of October 25, 2025, Lesotho's denim manufacturing industry is experiencing economic hardship due to US tariffs and the expiration of AGOA, leading to reduced orders and job losses.
Global trade uncertainty clouds Canada's economic outlook: AM Best.
An AM Best report on October 24, 2025, indicated that global trade uncertainty is negatively impacting Canada's economy, leading to reduced investment and exports to the U.S.
Fluence Energy stock jumps 21.8% amid AI industry boom.
On October 25, 2025, Fluence Energy Inc. stock price increased by 21.8%, closing at $19.52, due to investor interest in stocks benefiting from the expanding AI industry.
Global Deals
Brazil's M&A deal volume to fall short of 2021 record.
According to a PwC report on October 24, 2025, Brazil's M&A deal volume is projected to fall short of the 2021 record, with 1,087 deals recorded as of end-September 2025.
Market Insights
Stocks set for weekly gains; Fed eyes inflation data.
On October 24, 2025, the NYSE reported stocks were set for weekly gains, supported by strong corporate earnings, while the Federal Reserve considered September's 0.4% inflation rise before its interest rate decision.
Fermi Inc. stock jumps 18.6% driven by AI boost.
On October 25, 2025, Fermi Inc. stock increased by 18.6%, driven by renewed AI boosts, ending a five-day losing streak.
Wall Street Weekly Outlook: Rate decisions, earnings drive market.
The Wall Street Weekly Outlook for October 27-31, 2025, forecasts significant market activity driven by rate decisions, month-end flows, and quarterly earnings.