Inflation data have been resilient in Canada, despite the massive deterioration in its terms of trade. Core CPI at 2.4% y/y continues to run above the BoC's 2% target, aided by strength in consumer spending. The market i…
Inflation data have been resilient in Canada, despite the massive deterioration in its terms of trade. Core CPI at 2.4% y/y continues to run above the BoC's 2% target, aided by strength in consumer spending.
The market is expecting these pressures to decline in April to 2.3% y/y. A stronger decline than expected would raise expectations that the BoC's January insurance cut is not enough and push USDCAD higher.
"We would expect a larger market move from such an outturn than a positive data surprise" said Barclays in a report on Monday.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
