Bank Of Canada (BoC)

The markets open a new week in December with the economic calendar busy with the monthly data. A busy week for most of the G7 currencies, this week will see the RBA and the Bank of Canada holding their final monetary policy meetings for…
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The Bank of Canada will be meeting tomorrow for its monthly monetary policy review. According to the economists polled, the central bank is expected to hold back from hiking interest rates any further. Thus, the BoC's overnight cash rate is…
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The monthly inflation data from Canada due to be released today will set an important market for the Bank of Canada. Central bank officials are expected to meet next week at the monthly monetary policy meeting. Although no changes to…
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Lost in the noise of Friday’s hurricane-ridden US jobs report was another strong report from Canada. Canada is the miraculous nation, who has yet to witness a real-estate crash after emerging unscathed from the 2008-2009 market crisis. Its…
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The Canadian dollar is at it again The strongest currency among the top 10-traded currencies last year and again the strongest since the start of the 2nd half of 2017. Last week’s rate hike to 1.00% was the 2nd of the year, which reverses…
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The Canadian dollar strengthened for fourth consecutive week against the US dollar, rising over 2% by Friday's close. USDCAD fell to a two-year low on Friday as price tested lows of 1.2061. Further gains can be expected from the USDCAD as…
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The week ahead will be a busy one with three central bank meetings lined up. The RBA starts off the week with its monetary policy meeting, followed by the Bank of Canada and eventually handing over the spotlight to the ECB. On the economic…
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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…
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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,…
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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…
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