Canada

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Early signs of (dis)inflation continue to appear

Whilst inflation has been hard to ignore, we are now seeing signs that the cooling of inflationary forces are finally showing up in some consumer prices.

Research

European Open: WTI in focus for the US and Canada’s employment reports

There’s not a huge amount of data today, which puts the US nonfarm payroll and Canadian employment report into focus as the main calendar event.

Asian Open: Eye-watering CPI data for Canada raises odds of a 75-100 bps hike

Canada’s inflation metrics rise across the board and beat estimates by a wide enough margin to increase the odds of some serious hiking by the BOC in June.

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A complete guide to the Bank of Canada and interest rates

As with any central bank, when the Bank of Canada (BOC) changes interest rates, it can have a knock-on effect to stocks, indices and currencies. Find out everything you need to know about the BOC and how it’s decisions impact financial markets.

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April 21, 2021 11:20 AM

Also a good jobs report for Canada

Last Friday was also a good surprise on the jobs front for Canada as 289,600 jobs were added in May.

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June 8, 2020 03:39 AM

BoC keeps rate unchanged

The Bank of Canada has kept its benchmark rate unchanged at 0.25% as expected.

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June 4, 2020 02:46 AM

[Video] USD/CAD: Q1 GDP fell by 8.2%

Official data showed that Canada's first quarter annualized GDP contracted 8.2% on quarter (vs -10.0% expected).

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June 1, 2020 05:50 AM

[Video] USD/CAD: Significant stimulus will be needed

BoC governor Poloz said "the economy will need significant monetary stimulus in the rebuilding stage".

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May 26, 2020 05:21 AM

[Video] USD/CAD: Inflation on the downside

Canada CPI fell 0.2% on year in April (vs -0.1% expected).

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May 21, 2020 05:37 AM

Canadian Trade Balance is expected

Canadian Trade Balance will be published later today.

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May 5, 2020 03:21 AM
Board of currencies

Triple Whammy for USD/CAD Tomorrow

Three big events, three big chances for volatility in USD/CAD tomorrow.

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April 8, 2020 05:28 PM

BoC Slashes Rates to 0.25%

The market seems to have taken the rate cut as “catching up” to other central banks.

What mattered last week and a preview of the week ahead

What mattered last week: An extreme week of volatility as U.S. equity market fell ~15% as the spread of Covid-19 continued. The impact of Covid-19 via border shutdowns, social distancing measures as well as the obvious impact on health impact presents a huge challenge and likely to result in a recession in several countries. Central banks and governments responded by slashing interest rates, resuming/starting Quantitative Easing (QE) programs and boosting/announcing fiscal stimulus packages.

Bank notes of different currencies

Canada Ready with Loaded Double Barrels

With the ammo the Bank of Canada still has left, usd/cad can run up to 1.4682.

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March 17, 2020 03:00 PM

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Oil extraction

CAD/JPY: “Ground Zero” for Coronavirus and the Oil War

The value of the entire Canadian economy has fallen by more than 10% against Japan’s in a little over two weeks

Bank notes of different currencies

Bank of Canada Delivers

The Bank of Canada cut rates today by 50bps from 1.75% to 1.25%

Currency exchange rate board of multiple currencies

Bank of Canada is Up Next

The BoC will need to decide whether they need to take any preemptive measures