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The short-term decline of USD/CAD against Canadian dollar further expanded to nearly 70 points, and it is now reported at 1.4138.If the Bank of Canada cuts interest rates by 50bp as expected, it is expected that the pace of interest rate cuts will slow down. The Bank of Canada cut interest rates sharply for the second time in a row this month, and hinted that policymakers are prepared to slow down the pace of monetary easing. The bank cut interest rates by 50 basis points to 3.25%, bringing borrowing costs to the upper part of their expected range of neutral interest rates. However, they also hinted that after the sharp interest rate cut expected by the market and most economists, there may be a smaller interest rate cut again in 2025. Officials dropped their previous statement that they expected to further reduce borrowing costs. "With the policy interest rate greatly reduced, we expect that if the economic development is generally in line with expectations, monetary policy will adopt a more gradual approach," Bank of Canada Governor Mackler said in a prepared speech. "Looking ahead, we will evaluate the necessity of further reducing the policy interest rate one by one."Commercial banks speed up the disposal of bad personal loans, and AMC plays a channel role. With the accelerated disposal of bad retail credit assets by commercial banks, the market size of bad personal loans has gradually grown, and there are hundreds of bad assets announcements listed and transferred in Yindeng Center, involving personal consumption and business loans, credit card overdrafts, etc. In order to improve the quality and efficiency of personal loan non-performing assets disposal, banks have also accelerated organizational restructuring and staffing accordingly, abandoned the past model of simply docking asset management companies (AMC) and chose to actively promote non-performing assets to connect the upstream and downstream of the industry, so as to improve the transfer efficiency of personal loan non-performing assets. Industry insiders told reporters that the personal loan NPL market is accelerating, but there are also problems such as low transfer efficiency and limited profit space. At present, the mainstream model is that banks seek reliable unlicensed private institutions to dispose of personal loan NPLs through AMC, and AMC earns channel fees, and the disposal institutions earn excess income, usually at an annual rate of 8%~10%. (CBN)

Alaska Airlines Group shares rose 3.35% after at least three brokers raised their P/E ratios.Russian President Vladimir Putin: External sanctions are pushing Russia to develop artificial intelligence solutions.The interest rate swap market predicts that the probability of the Bank of Canada cutting interest rates further in January next year is about 70%.

Vanguard went against tradition and suggested the strategy of "six shares of debt and four shares" to deal with policy risks. In view of the high interest rate and stock valuation, Vanguard Group suggested that investors establish defensive positions in the new year and increase their investment in bonds instead of stocks. The company's 2025 outlook lists the asset allocation model built by economists and portfolio teams, which allocates 62% of the funds to fixed-income securities and the remaining 38% to stocks. In contrast, the ratio of stocks to bonds in the traditional portfolio is 60% to 40%. Although the US economy is still strong, the stock market valuation is close to historical highs, which makes stocks more vulnerable to potential policy risks after Trump takes office. At the same time, interest rates may remain higher than those in the 2010 s, thus providing investors with stable income and more protection in the case of risk aversion.Commercial banks speed up the disposal of bad personal loans, and AMC plays a channel role. With the accelerated disposal of bad retail credit assets by commercial banks, the market size of bad personal loans has gradually grown, and there are hundreds of bad assets announcements listed and transferred in Yindeng Center, involving personal consumption and business loans, credit card overdrafts, etc. In order to improve the quality and efficiency of personal loan non-performing assets disposal, banks have also accelerated organizational restructuring and staffing accordingly, abandoned the past model of simply docking asset management companies (AMC) and chose to actively promote non-performing assets to connect the upstream and downstream of the industry, so as to improve the transfer efficiency of personal loan non-performing assets. Industry insiders told reporters that the personal loan NPL market is accelerating, but there are also problems such as low transfer efficiency and limited profit space. At present, the mainstream model is that banks seek reliable unlicensed private institutions to dispose of personal loan NPLs through AMC, and AMC earns channel fees, and the disposal institutions earn excess income, usually at an annual rate of 8%~10%. (CBN)Yu Jianhua, director of the General Administration of Customs, died of illness. On December 10, 2024, Comrade Yu Jianhua, secretary of the Party Committee and director of the General Administration of Customs of the Communist Party of China, died unfortunately at the age of 63. (Issued by the Customs)