Bank of Canada

March 22, 2019

The International Association of Insurance Supervisors has announced: The CSFWG will host an ICS Stakeholder Meeting in Orlando on 10 April. The stakeholder meeting is intended to provide a forum for constructive feedback on ICS Version 2.0. Stakeholders who wish to provide presentations on key iss ...

Inflation Remains Muted and Retail Sales Fall

The Conference Board of Canada’s Economics Director Matthew Stewart offers the following insights on today’s consumer price index and retail sales data: Quote “Inflation remained weak in February and retail sales declined for the third month in a row. This slow start to the year is inline wit ...

Terrible German PMI data sinks global stocks and euro

Stocks & USD – Terrible European data kills risk appetite EUR – Euro falls as German bunds go negative Brexit – EU throws UK a delay bone  Oil – Stockpiles fell 9.6M even as imports rose 186K Gold – Stronger on dovish Fed Stocks & Dollar US equities are off to a poor start on the final d ...

Canada inflation climbs, while retail sales decline

Canadian inflation climbs Canadian inflation rose last month at a slightly faster-than-expected pace, pushed higher by increased costs associated with mortgage payments and fresh vegetables. According to Stats Canada, Canada’s CPI climbed +1.5% y/y in February, up from a +1.4% rise in January. M ...

USD/CAD – Canadian dollar unable to gain ground after dovish Fed

The Canadian dollar has edged lower on Thursday, erasing the gains seen a day earlier. Currently, USD/CAD is trading at 1.3336, up 0.23% on the day. On the release front, Canada releases ADP nonfarm payrolls. In the U.S., the Philly Fed Manufacturing Index is expected to rebound with a gain of 4.6, ...

USD/CAD – Canadian dollar flat ahead of Fed announcement

The Canadian dollar is drifting in the Wednesday session. Currently, USD/CAD is trading at 1.3321, down 0.03% on the day. On the release front, there are no Canadian events. In the U.S., the Federal Reserve winds up a 2-day meeting and will release a rate statement. All eyes are will be on the Fede ...

USD/CAD – Canadian dollar edges higher ahead of budget release

The Canadian dollar has posted slight gains in the Tuesday session. Currently, USD/CAD is trading at 1.3310, down 0.20% on the day. On the release front, Canada releases its annual budget, which should be treated as a market-mover. All eyes are will be on the Federal Reserve, which holds a policy m ...

Tech Talk for Monday March 18th 2019

Pre-opening Comments for Monday March 18th U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Index futures responded partially to a 2.47% gain by the Shanghai Composite Index in overnight trade. WTI Crude Oil added $0.15 to $58.72 after OPEC ...

AIM.PR.C : Convert or Hold?

It will be recalled that AIM.PR.C will reset at 6.011% effective March 31, 2019 (not 6.01%, as stated in the original press release). AIM.PR.C is a FixedReset, 6.25%+420, that commenced trading 2014-1-15 after being announced 2014-1-6. The extension was announced 2019-2-26. The issue is tracked by ...

AQN.PR.D : Convert or Hold?

It will be recalled that AQN.PR.D will reset at 5.091% effective March 31, 2019. AQN.PR.D is a FixedReset, 5.00%+328, that commenced trading 2014-3-5 after being announced 2014-2-24. The extension was announced 2019-2-26. The issue is tracked by HIMIPref™ but relegated to the Scraps-FixedReset (D ...