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BOC surprises markets and only hikes 50bps

The Bank of Canada has raised rates by 50bps vs an expectation of 75bps. In doing so, the central bank said that more rate hikes are yet to come.

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October 26, 2022 07:35 PM

BOC surprises markets and only hikes 50bps

The Bank of Canada has raised rates by 50bps vs an expectation of 75bps. In doing so, the central bank said that more rate hikes are yet to come.

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October 26, 2022 07:35 PM

Two trades to watch: USD/CAD, Gold

USD/CAD falls ahead of the BoC rate decision. Gold rises on Fed dovish pivot hopes.

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October 26, 2022 09:19 AM

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Two trades to watch: USD/CAD, Gold

USD/CAD falls ahead of the BoC rate decision. Gold rises on Fed dovish pivot hopes.

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October 26, 2022 09:19 AM
Research

European Open: The BOJ increased bond purchases, BOC meeting in focus

The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.

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October 26, 2022 07:30 AM
Research

European Open: The BOJ increased bond purchases, BOC meeting in focus

The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.

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October 26, 2022 07:30 AM

Bank of Canada Preview: Will the BOC hike rates by 75bps?

The key will be to watch the statement and guidance and try to determine if the Bank of Canada is ready to pivot and begin slowing the pace of rate increases!

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October 24, 2022 10:22 PM

Bank of Canada Preview: Will the BOC hike rates by 75bps?

The key will be to watch the statement and guidance and try to determine if the Bank of Canada is ready to pivot and begin slowing the pace of rate increases!

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October 24, 2022 10:22 PM

Canadian inflation higher than expected. Should the BOC be concerned?

Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week.

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October 19, 2022 04:55 PM

Canadian inflation higher than expected. Should the BOC be concerned?

Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week.

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October 19, 2022 04:55 PM
Research

The BOC just dropped one of their preferred CPI measures

During a hawkish speech, the BOC governor outlined which of the three ‘preferred’ CPI measures they will no long focus on, and why.

Research

The BOC just dropped one of their preferred CPI measures

During a hawkish speech, the BOC governor outlined which of the three ‘preferred’ CPI measures they will no long focus on, and why.

Canadian Employment data disappoints. Is the BOC to blame?

The Canadian Employment Change for August was -39,700 bringing the 3-month total to -113,500.

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September 9, 2022 05:27 PM

BOC hikes rates by 75bps, more to come!

How much higher will the BOC raise rates? It will depend on the effects of tighter monetary policy as it works its way through the economy.

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September 7, 2022 05:36 PM
Research

European Open: USD/JPY taps 144, Oil breaks lower, BOC in focus

It’s been a relatively lively session for traders overnight which saw USD/JPY steam ahead above 144 and WTI hit a new cycle low. Next up we have the BOC meeting.

Currency prices

Bank of Canada Preview: Will it be 75bps or 100bps?

Will the Bank of Canada raise rates by 75bps? Most likely. With the economic data worse since the last meeting, BOC members may not wish to be as aggressive.

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September 6, 2022 10:00 PM

Bank of Canada recap: BOC surprises traders with a 100bps hike, USD/CAD falls below 1.30

The BOC’s relatively hawkish stance could keep USD/CAD capped below 1.3080.

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July 13, 2022 04:33 PM

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Two trades to watch: GBP/USD, USD/CAD

GBP/USD rises after UK GDP, US CPI next, USD/CAD awaits the BoC rate decision.

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July 13, 2022 09:17 AM

Bank of Canada preview: BOC poised to hike another 75bps

The Bank of Canada will conclude its regular monetary policy meeting on Wednesday and traders are bracing for another rate hike…

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July 11, 2022 08:06 PM

Bank of Canada hikes rates 50bps. Will act more forcefully if needed!

Although the Bank of Canada raised rates by only 50bps today, the statement was clearly hawkish.

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June 1, 2022 05:27 PM
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European Open: PMI’s and BOC meeting in focus

The collection of PMI data also includes the ISM manufacturing report for the US, alongside the BOC’s meeting.

Asian Open: Eye-watering CPI data for Canada raises odds of a 75-100 bps hike

Canada’s inflation metrics rise across the board and beat estimates by a wide enough margin to increase the odds of some serious hiking by the BOC in June.

The Bank of Canada hikes 50bps, as expected; USD/CAD initially lower

The key rate now sits at 1%, its highest level since the pandemic began in March 2020.

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April 13, 2022 05:32 PM