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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.

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.

April 21, 2021 11:20 AM

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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.

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.

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).

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".

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).

May 21, 2020 05:37 AM

Canadian Trade Balance is expected

Canadian Trade Balance will be published later today.

May 5, 2020 03:21 AM

Triple Whammy for USD/CAD Tomorrow

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

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.

Canada Ready with Loaded Double Barrels

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

March 17, 2020 03:00 PM

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 of Canada Delivers

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

Bank of Canada is Up Next

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

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USD/CAD upsurge impeded by recovering oil price

The USD/CAD’s recent upsurge has been halted by a rebounding price of oil today and on profit-taking given that the Loonie has reached a key […]

Crude rally inspires technical breakdown for GBP/CAD

This week’s mixed-bag UK economic data has caused the pound to fall against most major currencies, including the Canadian dollar which has managed to perform […]