Bank of Canada

Stocks consolidate drop from record levels

  Gold hit by dollar’s rise US indices were little changed in Asia, though the story across other global indices was more mixed. Japan shares under-performed along with China and Hong Kong indices while Australian shares gained 0.57%. Trump’s comment that he still had the option of imposing hi ...

USD/CAD Canadian Dollar Lower on Lower Oil and Chinese Mixed Data

The Canadian dollar lost 0.15 percent at the start of the trading week versus the dollar. The loonie had little support from oil prices as weather disruptions in the Gulf of Mexico are clearing up. The battle of the doves last week was won by the Fed, by outdoving the Bank of Canada (BoC) with its ...

Big Data week for Canada and Loonie

With lawmakers on summer recess and the Bank of Canada’s latest decision in the can, attention turns to the economic numbers for signs of whether the recent momentum will continue, and what it might mean for interest rates. “Recent Canadian developments stand in sharp contrast to events in much ...

TD.PF.B : Convert or Hold?

It will be recalled that TD.PF.B will reset At 3.681% effective July 31, 2019. TD.PF.B is a FixedReset 3.80%+227, NVCC-compliant, issue that commenced trading 2017-7-31 after being announced 2014-7-22. TD provided notice of extension on 2019-6-25. The issue is tracked by HIMIPref™ and is assigned ...

CM.PR.O : Convert or Hold?

It will be recalled that CM.PR.O will reset At 3.713% effective July 31, 2019. CM.PR.O is a FixedReset, 3.90%+232, NVCC-compliant, that commenced trading 2014-6-11 after being announced 2014-6-2. The extension was announced 2019-6-12. It is tracked by HIMIPref™ and is assigned to the FixedReset ( ...

BRF.PR.C : Convert or Hold?

It will be recalled that BRF.PR.C will reset At 4.351% effective August 1, 2019. BRF.PR.C is a FixedReset, 4.40%+294, that commenced trading 2010-10-11 after being announced 2010-10-1. The issue has been tracked by HIMIPref™, but assigned to the Scraps – FixedReset (Discount) subindex on credit ...

USD/CAD Canadian Dollar Higher as Dollar Faced Fed Cut Pressure

The Canadian dollar rose on Friday and on a weekly basis gained 0.40 percent versus the dollar. The loonie is trading at 1.3026 despite the Bank of Canada (BoC) holding the Canadian benchmark untouched and injecting a maple dose of dovish rhetoric into the market. In a battle of dovish central bank ...

USD/CAD Canadian Dollar Higher on More Fed Dovish Rhetoric

The Canadian dollar is higher on Thursday after the Fed continued to issue dovish rhetoric and feeding the market’s expectations of a rate cut to be delivered later this month when the FOMC meets. The Bank of Canada (BoC) had some dovish words as well on Wednesday, and in a true battle of the dov ...

July 10, 2019

The BoC maintained the policy rate: The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. Evidence has been accumulating that ongoing trade tensions are having a material effect on the ...

Daily Markets Broadcast 2019-07-11

Daily Markets Broadcast 2019-07-11 Stocks rise as Powell signals a rate cut Powell’s testimony to Congress had a dovish bias, suggesting a rate cut is coming, possibly as early as this month. The SPX500 index hit a record high, briefly touching above 3,000. Bank of Canada kept rates unchanged wh ...