Bank of Canada

Canadian Dollar Awaits Central Bank Anticipated Rate Hike

The BoC will become the first G7 nation to raise rates in 2018 The USD/CAD has been almost flat this week awaiting the rate decision by the Bank of Canada (BoC). The central bank is expected to raise the benchmark rate to 1.25 percent in what could be the first of three rate hikes in […] ...

Live FX Analysis – 16 January 2018 (Video)

Senior Market Analyst Craig Erlam gives his live analysis on EURUSD (8:24), GBPUSD (10:13), EURGBP (14:02), AUDUSD (15:38), USDCAD (16:53), GBPCAD (17:55), NZDUSD (20:13), USDJPY (21:57), GBPJPY (24:07) and EURJPY (26:08). More Record Highs Seen After Bank Holiday Weekend Dovish BoC Remains a Risk A ...

Rising Rates to Make New Stress Test Even Harder

Led by RBC, all of the big banks have now hiked their posted rates since last week by up to 20 bps on fixed terms. Among the changes, RBC, TD, BMO, Scotiabank and National Bank of Canada raised their posted 5-year fixed rates by 15 bps to 5.14%, while CIBC upped its 5-year fixed by […] ...

Rate hike, new mortgage rules may trigger real estate slowdown

TORONTO — Canada’s real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply pressure and the impact could be exacerbated if an expected interest rate hike drives buyers to put off their home purchases, economists said Monday. The Bank of Canada will make its first ...

USD/CAD – Canadian Dollar Inches Higher, Investors Await BoC Rate Decision

USD/CAD continues to trade sideways this week. In the Tuesday session, the pair is trading at 1.2441, up 0.09% on the day. It’s a quiet day on the release front, with no Canadian events. In the US, the sole indicator is the Empire State Manufacturing Index. The indicator is expected to climb to 1 ...

Dovish BoC Remains a Risk Ahead of Rate Decision

Tuesday January 16: Five things the markets are talking about Are investors getting ahead of themselves on the number of Bank of Canada rate hikes in 2018? A small percentage of Canada ‘bears’ believe there’s a strong possibility that Governor Poloz could surprise Wednesday (10 am EDT) with a ...

Theory does not say that equilibrium interest rates cannot be below growth rates (Part 1)

First I need to tell you why I am writing this post. I got two emails from Canadian economists saying they agreed with my post against "normalising" interest rates. The first email was from an academic macroeconomist. He asked me if I thought that calls for normalisation from bank economists were m ...

Tech Talk for Monday January 15th 2018

Combining Seasonal and Technical Analysis Using StockCharts Thanks to Greg Schnell and StockCharts for the opportunity to give this presentation on Saturday to all StockCharts subscribers. Greg’s comments fit nicely with the presentation on seasonality. Following is a link: http://stockcharts.com ...

New Issue: NA FixedReset, 4.60%+458, NVCC-Compliant

National Bank of Canada has announced: that it has entered into an agreement with a group of underwriters led by National Bank Financial Inc. for the issuance on a bought deal basis of 8 million non-cumulative 5-year rate reset first preferred shares series 40 (non-viability contingent capital (NV ...

New Issue: NA FixedReset, 4.60%+258, NVCC-Compliant

National Bank of Canada has announced: that it has entered into an agreement with a group of underwriters led by National Bank Financial Inc. for the issuance on a bought deal basis of 8 million non-cumulative 5-year rate reset first preferred shares series 40 (non-viability contingent capital (NV ...