Category: BoC
-
BOC Cuts Rates by 50bps, Now Aims to Stick the Landing on Inflation Control
•
As expected in our event guide, the The Bank of Canada (BOC) cut overnight interest rates by 50 basis points from 4.25% to 3.75%. In October. This is the fourth consecutive reduction in interest rates since June. In its statement, the central bank welcomed inflation reaching the 2% target and…
-
Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI
•
Monday:US & Canada Final Manufacturing PMI (Labor Day), Eastern Europe & UK Final Manufacturing PMI (August), China Caixin Final Manufacturing PMI (August) Tuesday: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug) Get married: Bank of Canada and National Bank of…
-
BOC rate decision and lower oil price help to push USDCAD higher. Technicals more bullish.
•
As the market awaits tomorrow’s Bank of Canada interest rate decision, the USD/CAD pair has been rising in anticipation of a rate cut. The pair has also been helped by a sharp drop in oil prices, which have pushed the price down by about 8% from its highs last Wednesday…
-
Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
•
Monday: Chinese government bonds Tuesday: US Fed Policy Announcement; US Existing Home Sales (June), Richmond Fed (July), Eurozone Consumer Confidence (July) Married: Bank of Canada Policy Announcement and Monetary Policy Report; Japanese Spot PMIs (July), German Spot PMIs (August), European, UK and US Spot PMIs (July) Thursday: CBR Announcement, CBRT…
-
Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
•
Monday: Chinese government bonds Tuesday: US Fed Policy Announcement; US Existing Home Sales (June), Richmond Fed (July), Eurozone Consumer Confidence (July) Married: Bank of Canada Policy Announcement and Monetary Policy Report; Japanese Spot PMIs (July), German Spot PMIs (August), European, UK and US Spot PMIs (July) Thursday: CBR Announcement, CBRT…
-
USDCAD higher on the day. Retail sales weak pave the way for a BOC rate cut next week.
•
The USD/CAD pair rose during the North American session following weaker-than-expected retail sales earlier today. This, coupled with weaker CPI data earlier this week, paves the way for a Bank of Canada interest rate cut next week (Wednesday). Technically, the price broke a bearish trend line, maintaining the bullish trend…
-
Scotia thinks the June BoC cut was a policy mistake
•
The Bank of Canada’s preferred core inflation measures, such as the trimmed average and weighted average CPI, rose in May, indicating a re-acceleration of core inflationary pressures. Inflation of basic services, including shelter costs, remains very high. Shelter inflation is growing, as rents continue to rise and other drivers of…
-
Scotia thinks the June BoC cut was a policy mistake
•
The Bank of Canada’s preferred core inflation measures, such as the trimmed average and weighted average CPI, rose in May, indicating a re-acceleration of core inflationary pressures. Inflation of basic services, including shelter costs, remains very high. Shelter inflation is growing, as rents continue to rise and other drivers of…
-
Canada’s CPI Accelerated to 2.9% in May, Lowering Odds for July BOC Cut
•
Canada’s inflation numbers beat market estimates, with headline inflation accelerating from 2.7% year-on-year to 2.9% in May versus consensus for a decline to 2.6%. On a monthly basis, headline CPI rose from 0.5% to 0.6% instead of falling to the estimated 0.3% while core CPI rose from 0.2% to 0.6%.…
-
Economists say BoC could cut interest rates again in July if inflation keeps cooling
•
Breadcrumb links BMN Business Article writer: Canadian Press Nujoud Al-Malis Posted on June 23, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. The sign indicates the Statistics Canada offices in Ottawa on July 21, 2010.…
-
USD/CAD edges higher after softer retail sales data and PPI. BOC cut odds rise
•
USD/CAD 10 minutes The Bank of Canada’s July decision is shifting more decisively toward a rate cut after weak retail sales and PPI numbers today. The market now places a 73% chance of a successive cut. Retail sales matched estimates of +0.7% for April but the advance report for May…
-
BoC rate cut likely to be followed by more in 2H24 By Investing.com
•
Investing.com – The Bank of Canada (BoC) on Wednesday cut interest rates by 25 basis points. The impact on the Canadian dollar was minimal and brief, which ING analysts attribute to market expectations of a 20 basis point cut before the announcement. The Bank of Canada emphasized its data-driven approach…
-
BOC Cut Its Rates to 4.75% in June and Hinted at Future Rate Cuts
•
As expected, the Bank of Canada (BOC) cut interest rates by 25 basis points to 4.75% in June and became the first G7 bank to cut interest rates in four years. In the official statement, the Bank of Canada explained that preferred measures of core inflation have slowed and that…