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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."Alaska Airlines Group shares rose 3.35% after at least three brokers raised their P/E ratios.COMEX silver futures rose 1.0% in the day to $33.09 per ounce.

Market news: Russia may use new medium-range ballistic missiles to Ukraine.Spot gold stood at $2,710 per ounce, up 0.63% in the day.Industry ETFs generally rose at the beginning of the US stock market, with semiconductor ETFs rising by 1.2%, regional bank ETFs, banking ETFs and internet stock index ETFs also rising by at least 1%, while medical ETFs fell by more than 0.4%.

The Dow Jones Internet Composite Index reported 1159.70, up 0.85%.Goldman Sachs CFO Coleman: US President-elect Trump announced the chairman of the Federal Trade Commission (FTC). It is expected that this progress will lead to more M&A transactions.Alaska Airlines Group shares rose 3.35% after at least three brokers raised their P/E ratios.