Tag: Canada

Canada August GDP +0.1% vs 0.0% expected

Prior was +0.1% m/mServices-producing industries +0.3%Goods-producing industries -0.3%Increases in the oil and gas extraction subsector, the manufacturing sector and the public sector were partially offset by declines in constructionAdvance Sept GDP +0.1%Advance Q3...

Bank of Canada Raises Interest Rates by 0.50%

Bank of Canada, USDCAD – Talking PointsBank of Canada hikes benchmark interest rate by 0.50%USDCAD rockets higher, trading back through 1.3600 Recommended by ...

USD/CAD: on the eve of the Bank of Canada meeting – Analytics & Forecasts – 25 October 2022

In an alternative scenario and in case of a rebound from the resistance level 1.3735 USD/CAD will fall to the support levels 1.3610,...

Canada August retail sales +0.7% vs +0.2% expected

Prelim August release was +0.4%Prior was -2.5% (revised to -2.2%)September prelim estimate -0.5%August ex autos +0.7% vs +0.4% expected -- best in 5 monthsPrior ex autos -3.1% (revised to -2.5%)Sales up in 6...

Canada September CPI 6.9% YoY vs. 6.8% estimate

Prior 7.0%CPI MoM 0.1% vs. 0.0% expectedCPI year on year rose 6.9%. This was the 3rd consecutive monthly decline in the headline inflation. Gasoline prices are mostly responsible for the deceleration. Higher food...

Canadian Dollar Vulnerable to Another Slowdown in Canada CPI

Canadian Dollar Talking PointsRecent developments in the Relative Strength Index (RSI) raise the scope for a near-term pullback in USD/CAD as the oscillator reverses ahead of 70, but the update to Canada’s Consumer...

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