Wall Street surges on signs of an economic rebound

Wall Street surges on signs of an economic rebound

 

  • Wall Street rallied as signs of recovery from mandated economic shutdowns helped investors look beyond ongoing social unrest and pandemic woes
  • Bank of Canada left its benchmark overnight interest rate unchanged at 0.25%, as expected, sending USD/CAD lower on Canadian Dollar strength
  • Oil pulled back slightly as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies

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