Tag Archive: Bank of Canada Governor Stephen Poloz

Bank of Canada Expected to Hike on Wednesday

The US dollar is mixed against majors on Tuesday. The JPY has lost as risk appetite is back in vogue with investors and the GBP has risen after the market digested the resignations of pro-Brexit members of Theresa May’s government….
Read more

Canada: Building permits, April 2018

Municipalities issued $7.8 billion worth of building permits in April, down 4.6% from March. Declines were reported in every component except commercial buildings. Residential sector: Multi-family dwellings lead the decline In the residential sector, the value of permits issued by…
Read more

Canada: Wholesale trade, March 2018

Wholesale sales rose 1.1% to $62.8 billion in March, more than offsetting the decline in February. The motor vehicle and parts subsector contributed the most to the gain. Excluding this subsector, wholesale sales rose 0.2%. Sales were up in four…
Read more

Canada: Monthly Survey of Manufacturing, March 2018

Manufacturing sales rose 1.4% to $57.1 billion in March. Higher sales at primary metal; aerospace product and parts; fabricated metal product; and the other transportation equipment industries were mostly responsible for the increase. Overall, sales were up in 13 of…
Read more

USD/CAD – Canadian Dollar Steady Ahead of Canadian GDP

The Canadian dollar continues to trade quietly. In the Tuesday session, USD/CAD is trading at 1.2869, up 0.20% on the day. On the release front, Canada releases GDP, which is expected to rebound with a gain of 0.3%. Later in the…
Read more

USD/CAD – Loonie Rallies on Inflation Data

Statistics Canada data this morning showed that headline inflation in Canada slowed last month, while measures of underlying prices strengthened to their highest level in 18-months. Canada’s consumer-price index rose +1.7% y/y in January, following a +1.9% advance in December….
Read more