Bank of Canada

Canada Employment Numbers may Result in Rate Hike

Canada Employment Numbers may Result in Rate Hike

Canada’s economy created 31.8 thousand jobs in June, well above the estimate of 22.3 thousand. With Bank of Canada’s July rate decision on Wednesday largely based on economic data, Friday’s strong job creation data is ammunition in favor of raising rates this week.

Week Ahead: Dollar Ends Rally Awaiting U.S. Retail Sales Data

Week Ahead: Dollar Ends Rally Awaiting U.S. Retail Sales Data

The USD continues to gain versus emerging market currencies as more signs of a global growth slowdown appear. The U.S. consumer price index came in under expectations and raised concerns on how many rate hikes could the Fed get way with in 2018.

Week Ahead: Dollar Looks to Retail Sales With Syrian Anxiety in the Background

Week Ahead: Dollar Looks to Retail Sales With Syrian Anxiety in the Background

The Syrian conflict concerns faded at the end of the week and boosted the USD versus the JPY and the CHF. Next up for the markets will be the release of retail sales data in the U.S. and the Bank of Canada rate statements.

Central Bank Activism: A Grain of Salt with Fed and BoC Announcements

Central Bank Activism: A Grain of Salt with Fed and BoC Announcements

In a world rife with geopolitical unpredictability – businesses hang their decisions off any monetary policy snippets emanating from Central Banks. Here's why corporates shouldn't react to the Fed and Bank of Canada’s every word.