Bank of Canada

USD/CAD finished the year above 1.4000 for the first time since 2002. Threats of tariffs from President-elect Trump have had a big impact in USD/CAD, but this can also bring risk to the U.S. side of the equation.

USD/CAD is closing out its strongest year since 2015. But that prior episode led to a mean-reverting market that held for the next nine years.

USD/CAD has found resistance just inside of the 1.4200 handle but the looming threat of tariffs from the U.S. has produced ‘major new uncertainty’ for Canada and investors have responded by continued selling of CAD.

USD/CAD fell back toward key horizontal support near 141.00 as BOC Governor Macklem hinted at a 2025 pause in the interest rate cutting cycle

The CAD/JPY trend has turned negative following this week’s big rally in the yen, while the USD/CAD will be in focus with the release of key US data in the coming days.

USD/CAD is not unfamiliar to ranges, and prices have pushed up to test a key spot of range resistance as deviation has shown between U.S. and Canadian monetary policy.

USD/CAD is testing the 200-day moving average again, but this time as support; and CAD/JPY has begun to re-test a massive spot of resistance near 15-year highs.

USD/CAD put in a strong breakout last week and price ran to a key zone of resistance. The question now is whether bulls can continue to drive and US and Canadian employment numbers are on the calendar for this Friday.

The strong Employment Change out of Canada in October may give the BOC a bit more confidence to raise rates in December. However, the meeting is a long way off.

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

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

Sometimes the obvious needs to be said. And that is exactly what the BOC’s deputy governor said in his op-ed by stating inflation “remains far too high”.

The Bank of Canada raised rates for the first time since October 2018 by 25bps to 0.50%.

How many rate hikes are necessary to control inflation given that the BOC sees it returning to 2% over the long run?

At its last meeting in December, the BOC said it doesn't see a rate hike until mid-2022. However, some seem to think it will hike at this meeting!

With inflation on the rise and a very strong jobs report for September, the Bank of Canada is likely to cut bonds purchases