The latest earnings reports from Canada’s major banks show signs that Canada’s economy is slowing ahead of a potential recession, with some hints of optimism. The Big Six banks – RBC, TD, CIBC, Scotiabank, BMO and National Bank – all released their Q4 2022 reports this week. Five of the six reported a decline in …
An improvement in risk appetite on speculation of a Fed pivot weakened the US dollar. Worse-than-expected US economic data, specifically consumer confidence and housing data, are headwinds for the USD, strengthening the CAD. The Bank of Canada is expected to hike 75bps, but if it goes 50bps, the USDCAD may rally towards 1.3700. If USDCAD …
USDCAD: Loonie slips to 1.3500 as Bank of Canada prepares for 75bps rate hike Read More »
Canada’s economic growth slowed in the first quarter of 2022, but accelerating demand has shown why the Bank of Canada is unlikely to deviate from its rate of rapid interest rate increases. After adjusting for inflation, gross domestic product grew at an annualized rate of 3.1 percent, decelerating from 6.6 percent in the fourth quarter …
GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates Read More »
Canada’s economic growth slowed in the first quarter of 2022, but accelerating demand has shown why the Bank of Canada is unlikely to deviate from its rate of rapid interest rate increases. After adjusting for inflation, gross domestic product grew at an annualized rate of 3.1 percent, decelerating from 6.6 percent in the fourth quarter …
GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates Read More »
