Expect 1-2 additional BoC cuts in 2026 as core inflation eases and the economy stabilizes at a weak level. Canadian December CPI came in slightly above expectations, with headline inflation rising to 2.4% y/y from 2.2%, but the…
Our Global Fixed Income strategists maintain an above-benchmark duration stance as labor market risks continue to support downside yield potential, even as the global easing cycle winds down. With policy normalization largely…
Expect additional BoC cuts in 2026 as mixed job gains and persistent uncertainty weigh on growth. Canada’s December jobs report sent mixed signals. Employment increased by 8.2k, above expectations but down from 53.6k in November. Job…
Fade 2026 hike pricing through CAD steepeners as cooling CPI and softening labor conditions keep downside risks for rates and GoC yields. Canadian November CPI came in cooler than expected: Headline held at 2.2% y/y while core…
Fade 2026 BoC hike pricing through CAD steepeners as muted inflation and labor softness keep downside risks for rates and GoC yields. The Bank of Canada left the overnight rate unchanged at 2.25% after signaling at its October…
Weak private sector activity and persistent labor softness point to greater-than-expected BoC easing risks. Canadian Q3 GDP beat expectations at 0.6% q/q (2.6% annualized), avoiding a technical recession after Q2’s contraction.…
Persistent Canadian employment weakness and muted inflation point to further easing below neutral. Canadian employment appeared to stabilize in September and October, but more reliable data paint a weaker picture. While the October…
This week, our screeners explore opportunities in the Swedish stock market, Canadian gold-exposed and domestic-focused sectors, and ex-tech GenAI names.
Canadian inflation cooled less than expected in October, reinforcing the BoC’s short-term pause but signaling scope for lower yields ahead. Headline CPI rose 2.2% y/y, slowing from 2.4%, with gasoline prices driving the decline.…
Our Global Fixed Income strategists adopted a neutral stance on Canadian bonds, currency, and equities, as subdued growth and stabilizing inflation keep the BoC on hold. Canada is moving past the 2025 trade shock, with declining…