The Canadian dollar is trading quietly on Friday. USD/CAD is trading at 1.3337 in the European session, up 0.09%.
RMPI, IPPI inflation indicators next
Inflation...
This bear market rally was about to run out of steam, but the Bank of Canada had other plans. A Canadian dovish surprise gave risky assets an unexpected boost. This bear market might last a little while longer, but traders can’t forget about what will drive the data-dependent Fed. Big-tech earnings are […]
. The Bank of Canada (BoC) and Massachusetts Institute of Technology (MIT) have announced on Wednesday that both parties have reached an agreement to collaborate in a twelve-month research project ...
The Canadian dollar has extended its gains into a second day. In the North American session, USD/CAD is trading at 1.2697, down 0.52% on the day. Canada’s inflation accelerates Canada’s inflation rate shows no signs of slowing down. Headline inflation rose 5.7% YoY in February, the largest jump since August 1991. This beat the estimate […]
Inflation has been rising in Canada, with December CPI hitting 4.8% y/y, a 30-year high. The Bank of Canada is keeping a watchful eye on inflation but has a new problem to worry about. With consumer inflation far above wage growth, there are increasing concerns that workers will demand higher wages and salaries in order […]
