The BoC held its overnight rate at 4.5%, as telegraphed by the Governing Council at its January policy meeting. The BoC is widely expected to be among the first major DM central banks to end its tightening cycle, alongside the…
In this Special Report, BCA’s Foreign Exchange Strategy and Global Fixed Income Strategy teams argue that as the lagged impact of higher interest rates hits the Canadian economy, what will initially appear as a potential hard landing…
Over the past few months, Canadian employment gains have been a source of positive surprise. January’s 150k increase (10 times higher than expectations) is just the latest in a series of strong beats. Although the initial…
In this Strategy Insight, we go over the RBA’s recent decision and the implications of its hawkish message for AUD trades.
In this Strategy Insight, we go over the RBA’s recent decision and the implications of its hawkish message for AUD trades.
This week, we articulate what the actions of the three major central banks that met (Fed, ECB and BoE) mean for currency markets. This is within the context of our analysis of the latest data releases in the G10, that allows us to…
The latest data show a deterioration in the housing markets in Canada and New Zealand. In particular, the 7.3% m/m decline in Canadian building permits in December fell below expectations of a more muted 3.9% m/m contraction.…
As expected, the Bank of Canada delivered its eighth consecutive rate hike on Wednesday, lifting the policy rate by 25bps to 4.5% and bringing the cumulative increase since the beginning of the tightening cycle last March to…
The Bank of Canada’s (BoC) Business Outlook Survey highlights weakening business sentiment in Q4. The overall index fell to 0.1 from 1.7 in Q3, below the average that has prevailed over the past decade. Notably, most firms…