Bank of Canada (BoC) Governor Tiff Macklem and Canadian Finance Minister François-Philippe Champagne gave dueling talking points on Thursday, reviewing their G7 experiences this week. Both officials acknowledged that broad discussions about US tariffs took place, but warned that “excess capacity” may exist on the other side of US import taxes, which is the nicest…
The Canadian dollar continues to have a quiet week. In the North American session, USD/CAD is trading at 1.3920, down 0.21% on the day. Canadian CPI eases to 1.7%, core CPI higher Canada released the April inflation report, which indicated that headline and core inflation were moving in opposite directions. Headline CPI dropped sharply to…
USD/CAD rises to near 1.3920 after the release of the Canadian labor market data. The Canadian jobless rate accelerated at a faster-than-expected pace to 6.9%. Investors await US-China trade talks scheduled over the weekend. The USD/CAD pair moves higher to near 1.3920 in Friday’s North American session after the release of the Canadian labor market…
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy and the unpredictability of tariffs have increased uncertainty, diminished prospects for economic growth, and raised inflation expectations. Pervasive uncertainty makes…
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ECB is expected to trim rates, but the BoC might pause this time. CPI data also in the spotlight; due in UK, Canada, New Zealand and Japan. Retail sales the main release in the United States. China GDP eyed as Beijing not spared by Trump. ECB puts rate pause on the back burner The European…
Trump’s reciprocal tariffs could spur more chaos. US jobs report might show DOGE impact on labour market. Eurozone inflation will be vital for ECB bets as April cut uncertain. RBA to likely hold rates; Canadian jobs, BoJ Tankan survey also on tap. Markets brace for reciprocal tariffs There’s a sense of both optimism and fear…
USD/CAD oscillates inside Thursday’s trading range around 1.4330. The Fed is in no hurry to move to interest rate cuts amid elevated consumer inflation expectations. Market experts see the BoC reducing interest rates again in April. The USD/CAD pair ticks higher to near 1.4330 in European trading hours on Friday but remains inside Thursday’s trading…
Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), climbed to 2.6% on a yearly basis in February from 1.9% in January, Statistics Canada reported on Tuesday. This reading came in above the market expectation of 2.1%. On a monthly basis, the CPI rose 1.1% after increasing 0.1% in January. The…
The balance of risk around the U.S.’s growth may be shifting, but government data still shows a strong economy and that will likely lead the U.S. Federal Reserve to stand pat on interest rates on Wednesday. At the recent U.S. Monetary Policy Conference in Chicago, Chair Jerome Powell said that “despite elevated levels of uncertainty,…
Dollar’s pain could worsen as US CPI expected to ease slightly. Bank of Canada faces rate cut dilemma amid US tariffs. UK and Japanese indicators also eyed. Will US CPI report bring some inflation relief? As investors attempt to keep up with the daily shift in President Trump’s tariff policies, the February CPI report out…