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Persistent core inflation strengthens the case for further Fed tightening. December appears the more likely timing for another US rate increase. Hawkish ECB comments also point towards another hike before year-end. EUR/USD may depend on Read more…
Canadian Highlights Canadian home sales and prices declined in September, reflecting the pinch from higher borrowing costs. Homebuilding activity rose in September but remained flat on a six-month trend basis, pointing to continued weakness in Read more…
Next week is quiet on the domestic data front, with Tuesday’s housing starts the main report. Starts likely declined further under pressure from elevated mortgage rates. Abroad, Canada CPI likely picked up on energy costs, Read more…