Republicans are taking a new step forward

The US Congress passed the largest tax reform in the United States in three decades, thanks to 227 votes from the Republicans, who are seeking to cut $1.5 trillion of taxes on companies and individuals and to achieve the first legislative victory of US President Donald Trump.
The Senate Finance Committee voted to approve their version yesterday by a vote of 14 to 12, paving the way for the Senate to consider the bill after the Thanksgiving holiday ends.
On the other side of the Atlantic, ECB Governor Mario Draghi confirms continued growth in the eurozone and that their focus is now on growth rates as well as inflation rates that they wish to sustain in order to consider ending the quantitative easing program.
Canada's inflation data is due to release today, eyes will be on these data especially as the Bank of Canada has recently indicated that any decision on monetary policy in the coming period will depend mainly on economic data. Most of the Canadian economic data is showing remarkable improvement, especially in the labour market, but inflation is slowing, and it is expected to slow down to 1.4% for October after rising by 1.6% in September.