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_Poloz

Poloz Dampens Rate Hike Expectations Expectations of an October BOC rate hike have fallen sharply in response to BOC governor Poloz’s speech last week. Poloz expanded on the themes discussed during the September 6th policy meeting and echoed comments made recently by BOC Dep. Governor Lane. The Canadian Dollar is now down nearly 200 pips since...

2017-10-22 James Harte 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
Canada_budget_BOC

April BOC MPR Today The Bank of Canada meets today for its April Monetary Policy review and is widely expected to keep rates on hold. Looking at recent data shows a mixed picture for the Canadian economy with continued positive momentum in job creation and retail sales as well as wholesale trade and monthly GDP readings, but the weakness is mer...

2017-07-26 James Harte Read more
Poloz_BOC_PMI_Canadian dollar

Stephen S. Poloz, Governor of the Bank of Canada. Image via Bank of Canada The Canadian Dollar has weakened sharply over this year and is now starting to break lower once again from recent consolidation against the US Dollar. This trend is likely to extend over the coming weeks as the Bank of Canada is widely expected to retain a cautious tone ...

2017-07-26 James Harte Read more
Poloz_BoC_1701

Stephen S. Poloz, Governor of the Bank of Canada.  Image via Bank of Canada.  CAD Best Performer Against US Dollar Since the election of Donald Trump, the Canadian Dollar is the only of the major currencies to be up against the US Dollar. Firmer Oil prices were responsible for driving CAD eleven cents higher against the Dollar, though eight ...

2017-01-17 James Harte Read more