Canada Pushes Rates To 22-Year High
The Bank of Canada pressed ahead with another rate hike on Wednesday, the second consecutive
The Bank of Canada pressed ahead with another rate hike on Wednesday, the second consecutive
It’s becoming clearer by the day that even in economies where rate increases should be
In a watershed moment of sorts, The Bank of Canada paused its tightening campaign. Although
You need the nuance. It’s critical. Hold that thought. The Bank of Canada underwhelmed markets
The Bank of Canada escalated its battle with inflation Wednesday, raising rates by another 75bps.
After triumphing in a recent battle with COVID, Bank of Canada governor Tiff Macklem will
“Downgrading global growth,” reads the title of a July 1 anchor piece from Nomura’s economics
Tiff Macklem needed to send a message on Wednesday. Like other developed market central bank
New Zealand took “the path of least regret” on Wednesday, when RBNZ opted for a
And they’ll do more, if necessary.
Are you listening virus?!
“I believe the situation we find ourselves in is analogous to a tsunami coming.”
“I’m bearish. Bigly.”
Someone over the White House thought it might be a good idea to avoid fighting a multi-front trade war.
“Pivots” and “relents” everywhere…
Trilateral it is.
Unfortunately, Peter Navarro was on national television this morning…
Donald Trump wasn’t invited. Literally.
“The kingdom views the Canadian position as an affront to the kingdom.”
Just when you thought it was safe.
Donald Trump is up and he wants you to know that he’s got trade on his mind.
“So it probably came as a shock that one of Canada’s main goals in this renegotiation is to get the United States to treat our own workers better. Canada doesn’t want its workers competing with poorly-treated laborers — including workers in the United States.”
The BoC hike is important. Poloz is effectively being used as a guinea pig by DM central bankers to see what happens when you hike rates in the post-crisis era. And if you’re a market watcher in the U.S. or Europe, you should take note of what the TSX did as soon as the decision came down.
This wasn’t entirely unexpected given the hot economic data that’s been coming in fast and furious over the past couple of months, but it is extremely notable coming after the July hike.
Y/Y, Canada’s economy grew by 4.6% in the 12 months through the end of May. That’s the highest growth rate since the millennium!
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