BoC

The Bank of Canada was seen hiking interest rates at its monetary policy meeting on Wednesday in what was a close call. However, economists were expecting the BoC to hike rates. The BoC signaled that there was room for more rate hikes and the hawkish forward guidance comes amid mounting trade tensions with the United States. The Bank of Canad...

2018-07-19 John Benjamin Read more
boc interest rates

The Bank of Canada will be holding its monetary policy meeting today on 11th July 2018. According to the economists polled, the Bank of Canada is expected to hike interest rates by 25 basis points to 1.50%. However, approaching the event the central bank decision to hike rates remains a close call. The Governor of the Bank of Canada, Stephen ...

2018-07-11 John Benjamin Read more
canada unemployment rate

Canada’s monthly jobs report showed that the economy added a healthy gain of 31,800 jobs in the month of June. But this wasn’t enough to keep the unemployment rate steady. Canada’s unemployment rate jumped two percentage points to 6.0%. In May, the unemployment rate held steady at 5.8%. This was the first time that Canada’s unemployment rate ...

2018-07-09 John Benjamin Read more
central bank

The Fed: Gradual Policy Tightening In Full Swing The Fed has reaffirmed its commitment to sticking to its plan of “gradual” policy normalisation with two more hikes forecast this year. The economic outlook is good, with the economy on track to grow by around 4% in Q2 2018, boosted by tax cuts with inflation continuing to creep higher. Employmen...

2018-07-05 James Harte Read more

The month of June stood out with two major central banks taking monetary policy decisions. The U.S. Federal Reserve hiked interest rates by 25 basis points while the European Central Bank announced a modest taper to 15 billion euro starting from September and eventually ending its QE program by December 2018. The U.S. dollar continued to main...

2018-07-03 John Benjamin Read more
bank of canada

While until recently, economists were hawkish on the Bank of Canada and preparing for a rate hike as early as July, the prospects of a rate hike are starting to diminish if recent data is anything to go by. Last week, data from Canada covered the retail sales and inflation reports. An unexpected dip in Canada's retail sales in April and a rat...

2018-06-29 John Benjamin Read more
forex intradays analysis

Daily Forex Market Preview, 25/06/2018 Economic data on Friday was mixed but the U.S. dollar was seen giving up some of the gains made from earlier in the week. Japan's national core CPI data showed a 0.7% increase on the year, unchanged from the month before. In the Eurozone, the preliminary manufacturing and services PMI data showed a some...

2018-06-25 John Benjamin Read more
bank of canada

The Bank of Canada held its monetary policy meeting last week. Interest rates were left unchanged at 1.25% as widely expected. But, the central bank surprised by signaling that the next rate hike could be coming soon despite uncertainties surrounding global trade. The BoC has hiked interest rates three times since mid last year. This came aft...

2018-06-08 John Benjamin Read more
April Canada Unemployment Rate Remains Steady

As the April Canada unemployment rate remains steady, the Canadian economy was seen losing jobs in the month of April, with declines seen by a drop in the part-time workers. The weaker than expected data raised expectations that the Bank of Canada will be holding interest rates unchanged at its meeting this month. Data from Statistics Canada ...

2018-05-18 John Benjamin Read more

Despite all the attention commanded by the US dollar, its Canadian counterpart remains the strongest performing currency since the start of the month and the beginning of the quarter. Negotiations to save the North American Free Trade Agreement (NAFTA) have reached an impasse with no meetings scheduled among the top leaders ahead of month-end. Y...

2018-05-17 Ashraf Laidi Read more