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The China Securities Association held two meetings: to promote the standardized development of the regional equity market and actively promote the transformation of wealth management in the industry. According to the news released by the China Securities Association on December 11th, the meeting of the chairman and all members of the regional equity market professional committee of the China Securities Association was held a few days ago. The meeting introduced the work of the Committee in 2024, discussed the focus of the next stage, and exchanged experiences on specific issues such as research exchange and blockchain construction. Members attending the meeting unanimously stated that they will do a good job in the cultivation and standardized management of the capital market, actively guard against business risks, and promote the standardized and healthy development of the regional equity market.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.The Bank of Canada cut interest rates by 50BP for the second consecutive month, and the Bank of Canada lowered its policy interest rate from 3.75% to 3.25%, which was the second consecutive month to cut interest rates by 50 basis points, in line with market expectations, and cut interest rates by 175 basis points during the year.

The Bank of Canada's statement no longer mentions that it is reasonable to expect further interest rate cuts if the economic development is consistent with the forecast. The need for further interest rate cuts will be assessed and a decision will be made one by one.Market News: Alexander Brothers, a well-known real estate agent, was arrested by the FBI.COMEX silver futures rose 1.0% in the day to $33.09 per ounce.

Toronto stock index GSPTSE rose 0.21% to 25,558.81.Broadcom's share price rose 4.3% before the market closed.Russian President Vladimir Putin: His AI technology is crucial to Russia's sovereignty.