Scotiabank Aiming for Earnings Growth After Capital Markets Buoy Results

Treasury yields have declined as recent data indicates a rapid weakening in U.S. employment, supporting expectations for a third consecutive interest rate cut by the Federal Reserve next week. This trend is underscored by a reported drop in private payrolls, which fell by 32,000 jobs in November, raising concerns about the labor market's health.

Gold prices have extended their gains following the release of weaker U.S. private payroll data, which has bolstered expectations for a potential interest rate cut by the Federal Reserve in December. This development reflects a growing sentiment among investors who are reacting to the labor market's performance.

U.S. services-sector activity continued to rise in November, indicating a positive trend in economic recovery despite ongoing tariff concerns, as highlighted by a recent monthly survey. This growth reflects a broader resilience in the services sector, which is crucial for the overall economy.

Copper prices have surged to a record high, exceeding $11,350 per ton, primarily due to ongoing concerns regarding tightening global supply and significant shipments to the U.S. amid fears of potential tariffs. This marks a notable increase in demand for copper, reflecting broader market dynamics.

In September, U.S. industrial production increased by 0.1%, recovering from a 0.3% decline in August, according to the Federal Reserve. This modest growth indicates a slight rebound in manufacturing activity, which is crucial for the overall economy.

U.S. import prices remained unchanged in September, as reported by the Labor Department, with increases in nonfuel import prices balancing out a decline in fuel import prices. This stability in import prices reflects ongoing economic conditions and consumer demand patterns.

U.S. import prices remained unchanged in September, as reported by the Labor Department. This stability was attributed to higher prices for nonfuel imports, which offset a decline in fuel import prices, reflecting ongoing economic conditions.

A leaked memo has revealed a significant change in Meta's work policy, reflecting the company's response to the evolving work environment post-Covid. The memo highlights the challenges faced by U.S. workers during the pandemic, where unemployment surged to 13% before gradually decreasing as businesses adapted to remote work solutions.