Stocks surge on hint of slower rate hikes + MORE Nov 28th

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CBC.caStocks surge on hint of slower rate hikesCBC.caCanada's main stock index posted its largest rally in almost three years on Wednesday after U.S. Federal Reserve chairman Jerome Powell suggested a possible pause in interest rate hikes next year. North American markets were calm until Powell's …President Trump vs. Jerome Powell: Trump's problematic messaging to the Federal ReserveThe Globe and MailTwo Words from Fed Chairman Jerome Powell Sent Markets SoaringNew York TimesThe Fed's Welcome RethinkWall Street JournalCNBC -MarketWatch -The Boston Globe -TheStreet.comall 2,262 news articles »

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Canada’s main stock index posted its largest rally in almost three years on Wednesday after U.S. Federal Reserve chairman Jerome Powell suggested a possible pause in interest rate hikes next year.

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On Wednesday, shares of Tiffany & Co. plunged 12 percent after reporting weaker-than-expected sales in its third quarter. CEO Alessandro Bogliolo said that Chinese tourists have failed to show up, and open wallets up, with the same vigor that they had in the past.

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