The advance estimate from Statistics Canada was that September Canadian manufacturing sales edged down 0.1% from August, despite another monthly surge in petroleum and coal prices. Manufacturing prices were up ~1% in September on a seasonally adjusted basis by our count, implying the volume of sales (excluding price impacts) declined even more after already contracting […]
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AUD/CAD moved higher this week as markets increasingly positioned for a divergence in policy outlook between the RBA and the BoC. Attention now turns to the BoC decision today, where rates are expected to remain Read more…
Equity markets may initially react positively if the Federal Reserve delivers a more neutral hold than expected, as outlined in our Fed analysis. A softer tone could ease rate concerns and lift risk sentiment in Read more…
The Federal Reserve is widely expected to leave interest rates unchanged at 3.50–3.75% today, with little room for surprise on the decision itself. Instead, markets are focused squarely on the message. While many participants are Read more…