“…or what counts as ‘fireworks.'”
Category: canada
Loonie Falls As BoC On Hold, Says ‘Cautious’ On More Hikes
BANK OF CANADA WILL BE ‘CAUTIOUS’ WITH FUTURE RATE INCREASES
Super Mario: Full Week Ahead Preview
As usual, the docket is full and the risks are multiplying.
‘Good Luck Out There’: Full Week Ahead Preview
Oh, boy. Try to wrap your head around all of this.
A New Global Trend Or Just Maple Syrup On Bacon?
“I can already hear the guffaws from all my hard money readers. The last thing the government needs to do is spend more money is what they will say. We need to save more, spend less, and tighten our belts. Well, that has been tried.”
Boris The Bullet-Dodger.
Seemingly unwilling to risk any further damage to his already low approval ratings, Trump ultimately
Chart Of The Day: So Is That The 50Y Or The 2Y Yield?
We’re going to keep writing about today’s BoC rate hike because as noted earlier, it’s more important than most stories that contain the word “Canada.”
Consider This A Preview: Don’t Ignore Canada’s Rate Hike
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.
Bank Of Canada Hikes Rates, Loonie Surges To Fresh Two-Year High
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.
‘Good Luck, We’re All Counting On You’: Full Week Ahead Preview
To be sure, whatever you thought was going to dominate the news flow in the week ahead is probably going to take a backseat to North Korea, for obvious reasons.Â
But North Korea isn’t the only thing on traders’ minds this week. Not by a long shot.
Meanwhile, In Canada: GDP Grows The Most Since The Turn Of The Millennium
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!
Loonie Tunes: Closing The Book On A Short Gone Horribly Wrong
And thus ends one of the most painful chapters in the history of spec positions gone horribly wrong.
‘Does Canada 2017 = US 2007?’ Goldman Asks If Canada Is On The Brink
“Nominal home prices in Canada have grown by 13% over the past year, and by 200% since 2000. These sharp increases in home prices in Canada have invited comparisons with the US housing market in the period leading up to the Global Financial Crisis.”
Horrific Loonie Short Disappears As Bears Frantically Covered Into Rate Hike
Well with the release of the latest CFTC data, we learn that a long, and exceedingly painful chapter for CAD shorts has (almost) come to an end…
Stocks Surge On ‘Good Cop’ Yellen; Trader Makes ‘Unprecedented’ $10 Million Bond Bet
Well, the message from Yellen was heard loud and clear and amusingly, so was the
‘Sold To You!’, Loonie Bulls
“The Loonie is streaking higher like a Canuck on a breakaway, and suddenly, all the Canadian Dollar bears are strangely silent.”
‘Loon’-Acy: USDCAD Dives As Bank Of Canada Hikes Rates
Canada Raises Rate to 0.75%, Says CPI Softness Is Temporary
BOC: “current outlook warrants today’s withdrawal of some of the monetary policy stimulus in the economy”
One Trader Is Already ‘Outraged’ And It’s Only Monday
“I’m also outraged.”
O, Canada! China?! Yellen Yellin’: Full Week Ahead Preview
Ok, well this should be an interesting week. We’ll get the BoC, which will make
Guest Post: An E.T.A. For The Man With The Pin
“I find it funny how with all this printing, market participants are surprised when the price of assets rise.”
“A Pretty Eclectic Collection Of Unrelated Developments”
SocGen’s Kit Juckes probably summed up the overnight session best: Overnight currency drivers have been
Guest Post: So You Wanna Be A “Cool Kid?”
“Doesn’t really help us that much, except to note that maybe all this other analysis is bullshit, and instead we should just focus on crude oil and interest rates.”
Guest Post: Tough Day To Be Canadian
“It doesn’t really matter. For a while, investors will assume the rot spreads deeper than just one company. The entire Canadian real estate sector will now be guilty until proven innocent.”
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