Bank Of Canada (BoC)

USOIL tanks amid OPEC+ deadlock Oil markets took a hit after OPEC+ supply talks fell apart. The cartel is now between a rock and a hard place. On the one hand, the Saudis cannot afford to grant a higher quota to the UAE as it may…
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Earlier, the USDCAD hit a 6-year record high, as attention turns to what the BOC will do at their meeting tomorrow. However, the consensus appears to be that the loonie isn't moving higher so much because of domestic issues, but because…
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There is an increasing consensus that we will get some action out of the BOC following their interest rate decision tomorrow. Of course, it's too soon to expect a change in the interest rate. So, there is a unanimous agreement that rates…
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After the start of the year adjustment in the markets, risk sentiment has taken a bit of a hit lately. Stock markets are underperforming, and the dollar is getting stronger. Generally, this is attributed to worries about potential delays…
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September is seen as a pivotal month for the recovery as well as projections for the rest of the year. Summer officially comes to an end. Often, the trend seen in September is predictive of how things will be until Christmas (and how US…
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Last Week’s Highlights RBA Keeps Policy Steady; Australia GDP Shrinks 7% in Q2 It was a busy week for the Australian dollar. The Reserve bank of Australia held its monetary policy meeting last week. While retaining the key lending rate…
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New Zealand PM Jacinda Ardern has received near-universal praise for how her government has handled the COVID outbreak. Now we're expecting to get some comparable figures to see the real impact on the economy. Both the RBNZ and BOC…
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The general consensus surrounding the major central bank meetings in July is that they will stand firm on the current policy. There are important economic events happening over the next few weeks to support this view. The release of…
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Last Week’s Highlights China’s Consumer Prices Rise at a Steady Pace The latest data from China showed a steady increase in consumer prices to 2.5% on the year in June. This was up from 2.4% in the previous month. On a month over month…
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Last week’s highlights Australia Q1 GDP contracts Australian GDP contracted for the first time since 2011 in the three months ending March 2020. Economic activity during the period fell 0.3%, which was in line with the median forecasts.…
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