Bank of Montreal Adjusts Prime Rate

The Bank of Montreal has reduced its prime rate to 4.95%. This decision is effective immediately.

Economic Impact

Lower interest rates can stimulate borrowing and spending, potentially having a positive impact on the economy.

Market Volatility

The overall market is experiencing volatility. Key market indicators include:

• The S&P 500 index rose 2.1% on Friday
• The market recorded a fourth straight losing week

Company Performance

Some companies have reported strong financial performance, including:

• American Eagle Outfitters
• Coeur Mining

Market Uncertainty

The market remains uncertain due to ongoing economic concerns and trade tensions.