The Globe and Mail reports in its Monday, Jan. 26, edition that earnings will take centre stage this week with 102 companies on the S&P 500 reporting and 12 on the Toronto Stock Exchange. The Globe's guest columnist Amber Kanwar writes that the Bank of Canada and the Federal Reserve are set to announce interest-rate decisions on Wednesday, with no changes expected. The BOC's announcement was initially seen as a non-event, but President Donald Trump's threat of 100-per-cent tariffs if a deal with China is signed has made it more significant. What exactly is the BOC's threshold for cutting rates on trade fears? If the United States-Mexico-Canada Agreement gets cancelled altogether, does that trigger them? Expect specific questions at the presser, but it is unclear whether we will get specific answers. The market has priced out any chance of U.S. rate cuts this year. A few months ago, the market was pricing in at least one. A few things have happened: The U.S. job market did not completely crash out, inflation remains sticky, and U.S. GDP for the third quarter was revised to a stunning 4.4 per cent, with the Atlanta Fed GDPNow indicator suggesting 5.4 per cent for the fourth quarter.