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June 6th Macroeconomic Index: Bank of Canada Cuts Interest Rates, US Service Sector Surges

June 6, 2024, 6:14 PM
TDD-global
584
The Bank of Canada cut interest rates for the first time in four years, signaling potential further cuts. Meanwhile, the U.S. service sector saw its largest increase in business activity in three years, contrasting with a slowdown in private sector employment growth. Spain's crude oil imports also reached a six-year high in April.