CAD: Expectations Vs Reality

You must be wondering why I keep writing about the Canadian dollar. My first article for this column was on September 13, followed by October 11 and January 17. Over the last 12 months, the Canadian dollar has risen 8% against the US dollar. It is the strongest currency among the G10 currencies over the last 4 weeks. So, what happened to the cur...

2018-04-19 Ashraf Laidi Read more
BOC Highlights Rate Hike Headwinds

As widely expected, the Bank of Canada kept its headline cash rate unchanged at this month’s meeting with an accompanying statement that somewhat dampened bulls’ expectations. The BOC noted that its decision is “consistent with an economy operating with little slack”. Regarding inflation, the bank said that it sees total inflation hitting 2.3% t...

2018-04-19 James Harte Read more
Bank of Canada is set to hike rates

The Bank of Canada is set to hike rates this week and will be holding its first monetary policy meeting of the year. According to many, the BoC is expected to hike interest rates by 25 basis points at this week's meeting. The rate hike comes just after December's BoC meeting, which saw the central bank taking a cautious stand as it left inter...

2018-02-07 John Benjamin Read more
Will the Bank of Canada hike it's rates

Will the Bank of Canada hike it's rates on this coming Wednesday? Some say it should and will. Others think rates should be kept on hold due to heightened uncertainty surrounding negotiations about the North American Free Trade Agreement. So, what will the Canadian central bank do? What should it do?   Do not wait for NAFTA Although NA...

2018-01-25 Ashraf Laidi Read more
BoC Interest Rate Hike expected

Investors will be looking at another slow week ahead. The Bank of Canada's monetary policy meeting stands out. The markets are currently expecting the BoC to announce an interest rate hike this week. However, there is an equal chance that the BoC could disappoint market expectations. On the economic front, inflation theme continues this week....

2018-01-25 John Benjamin Read more
Trade Tensions

Less than 24 hours hours after the People’s Bank of China hinted it may change the components of its USD/CNY basket, global currency and bond markets were shaken by Bloomberg reports that it is considering scaling down its purchases of US treasury bonds. This was in light of surging trade tensions with US. Less than 12 hours later, Canadian offi...

2018-01-17 Ashraf Laidi Read more
Bank of Canada

In May, Canada's GDP report showed that the economy expanded 0.6% on a month over month basis. This marked a seventh consecutive month of increase in economic activity. On a year over year basis, Canada's GDP expanded 2.6% during the first quarter of 2017. This was also the fourth consecutive quarterly expansion in the GDP. May's GDP report bea...

2017-08-31 John Benjamin Read more
Canada_rates_1910_BOC

Despite the lack of fundamentals during the Asian and the European sessions today, volatility seems to be picking up at the European session opening bell. The US Dollar is broadly lower across the board, leading safe haven assets higher, including Gold, Silver, Japanese Yen, and the Swiss Franc. Yet, there is a lot more to come today ahead of ...

2017-08-18 Nour Eldeen Al-Hammoury Read more
FTSE, Indices

In the past few hours, global equities saw tough sessions, whether in Europe, Asia, or the US. Most of the indices saw a decline of not less than 1%, while fear index spiked significantly. Who can we blame in yesterday’s declines? The answer is simple - world’s central bank governors. Many of the central bankers indicated earlier this week that...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Poloz_BOC_PMI_Canadian dollar

Image via Bank of Canada In the past few weeks, the Canadian Dollar was one of the top performing currencies against the US Dollar. Despite the fact that Crude Oil has been declining, the Canadian Dollar managed to post the highest level against the US Dollar since March of this year, while Crude Prices are at the lowest level since August of l...

2017-07-26 Nour Eldeen Al-Hammoury Read more