BOC

According to foreign exchange analysts at MUFG the latest Bank of Canada policy decision will have an important impact on Canadian, US and global rate expectations. Dovish guidance would tend to support…

Retail sales and housing data from the US pointed to a slowing economy. Canadian retail sales rebounded in December. There is a 70% probability of a 25bps rate hike from the BoC. The USD/CAD weekly forecast is bearish as investors…

Last week had strong volatility with Powell’s less hawkish (dovish?) speech at the Brookings Institute on Wednesday and Non-Farm Payrolls from the US on Friday.  Will the excitement continue this week?  The news for the upcoming week…

Inflation in Canada is still high despite the Bank of Canada “only” hiking 50bps at its last meeting, rather than the 75bps that the markets expected (though the BOC did note that it would continue raising rates to combat…

https://www.youtube.com/watch?v=9BCre1UBWDY FX Week Ahead Overview:The Bank of England’s concerns about UK growth will soon be realized, as the upcoming UK GDP report is expected to show no growth for the three months…

U.S. Highlights The Russian invasion of Ukraine shook markets this week with the S&P 500 entering correction territory before making gains Friday. Given Russia’s role as a key global energy producer, market concerns about supplies…

https://www.youtube.com/watch?v=9qB7XoGBgHo Good morning. I’m pleased to be here with you to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). I am especially pleased to have Senior Deputy…

https://www.youtube.com/watch?v=XiZltfsa9vM FX Week Ahead Overview:The final week of January sees an economic calendar supersaturated with ‘high’ rated event risk.Inflation data due from Australia and New Zealand may…

SnapshotThe Bank of Canada (BoC) surprised financial markets today by announcing an early end to its Quantitative Easing (QE) program and possibly accelerating its timing of interest rate hikes to April 2022 in order to counter…

Australian Dollar rises broadly today with support from strong inflation data. But upside is capped by mildly negative investment sentiment in Asia. While DOW and S&P 500 made new records overnight, there is no follow through in…