Posts Tagged ‘Canada’
This morning, Canadian employment figures came in and showed a drop in the unemployment rate from 8.1% to 7.9% on strong jobs growth. The Canadian economy added 93K jobs vs. an expectation of 20K. This belies the good economic story going on in Canada despite the fact that they rely on the US to import [...]
Now that the debt crisis in the Euro zone appears to have stabilized, the market now turns its attention to EU economic fundamentals. The outlook for the Euro is negative, as governments adopting austerity plans means that GDP growth will like stall and contract. The bounce we saw last week in the Euro was the [...]
Quotable
“Snap! Crackle! Pop!”
Kellogg’s
FX Trading – Japan Snaps? China Crackles? Canada Pops?
TOKYO, May 13 (Reuters) – Japanese bank lending fell in April from a year earlier, matching the biggest decline in four years and showing that companies’ funding needs remain weak despite an economic recovery and recent easing steps by the central bank.
To stimulate more spending [...]
On the heels of yesterday’s interest rate policy meeting, the Loonie is seeing continued strength as the BOC set the stage for future rate hikes. The economy has been strong and while unemployment is a bit high, inflation fears are beginning to heat up as typically inflation will rise faster in Canada than in the [...]
All 12 dealers see at least 25 bps rate hikes in July, September
Dealers expect key policy rate at 1.25-2.0% range at year end, up from 0.25% now
I admit it. My rose-colored glasses when it comes to the Loonie have perhaps soured me on the Kiwi and for that I am sorry. I have moved the Loonie higher in my “risk totem-pole” as my belief is that prospects for growth are better in Canada than in New Zealand.
Well today the market is [...]
I’ve been pounding the desk as of late telling anyone who will listen that the Loonie is the place to be. Hopefully, reader, you’ve taken that advice. This morning, the Loonie is higher as inflation in Canada came in higher than expected. Canadian CPI came in at 2.1% vs. an expectation of 1.7%, which may [...]
I toyed with the title of this post for a while, and ultimately settled on the current iteration, because it reflects the battle that is being waged between the Bank of Canada and the forex markets. Simply, the Loonie is moving in one direction (up!), while the BOC would prefer that it moves in the [...]
The Canadian Dollar fell from parity with the US Dollar in July 2008. For a minute, it looked as though it would return to that mark in October 2009. Alas, it was not to be, as the currency that had risen 20% since March wasn’t able to rise another 3% to close the elusive gap [...]
