EU Proposes Canada to Become First ‘Associate Member’; Fed Decision on Deck

European Commission President Ursula von der Leyen proposed that Canada become the first associate member of the European Union. This proposal was delivered during her state of the union address in Strasbourg, France, with Canadian Prime Minister Mark Carney present. Meanwhile, global stocks and bonds are experiencing relief following several days of selling. Traders are currently awaiting the Federal Reserve's upcoming interest-rate decision and updated projections to determine future market directions as European markets open for trade.