The Canadian dollar is unchanged on Friday, trading at 1.3912. Earlier, USD/CAD hit 1.3917, its highest level since May. Canada’s retail sales expected to rebound Canada wraps up the week with the June retail sales report, which is expected to rebound with a gain of 1.5% y/y. This follows a 1.1% decline in May, as […]
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Markets Markets are in some kind of wait-and-see stance today after the energy-repositioning of the previous two weeks. Bond yields drop a few bps. The dollar eases off recent top levels and equities avoid a Read more…
Markets are pricing in a 68% probability for a 25-basis-point (bps) rate hike, lifting the cash rate to 4.1%. The board needs to move policy past the current “neutral” rate (where interest rate ≈ inflation) Read more…
Do you know how many times over the last year you visited a grocery store? I don’t either, but it feels like nearly every day, I need to drop by just to get that one Read more…