FSR unlikely to have much impact on BoC monetary policy
The Bank of Canada's biggest worries about financial stability were outlined in this morning's semi-annual Financial System Review. The concerns were broadly similar to what was published in December, but the overall ris…
The Bank of Canada's biggest worries about financial stability were outlined in this morning's semi-annual Financial System Review. The concerns were broadly similar to what was published in December, but the overall risk to financial stability in Canada is slightly higher.
"The Bank of Canada believes that risks to financial stability are slightly higher than in December, with worries about household vulnerabilities increasing modestly. Overall, the FSR shouldn't have much impact on monetary policy. We continue to look for the BoC to stay on hold well into 2016." said BMO Capital Markets
Governor Poloz in a press conference noted that the recent trade data have been disappointing, though some of the negative impact from weather may have persisted into Q2. Asked about the potential negative impact of higher bond yields and whether the Bank might try to offset them through a rate cut, Poloz highlighted the accompanying increase in oil prices and that there are a number of other factors that they take into account for policy as well.
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…
