Insights

Oct 30, 2019
Bank of Canada leaves rates unchanged, changes outlook

The Bank of Canada forecast a weaker outlook for the domestic economy amid heightened global downside risks, potentially giving itself more leeway to lower borrowing costs. In a decision Wednesday, policy makers kept their current 1.75 per cent policy rate unchanged for an eighth straight meeting, calling the level “appropriate” even as they cut their growth […]

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By MoneyWay
Oct 29, 2019
USDCAD dollar still in narrow range, waiting for tomorrow

Tomorrow there is a rate announcement on both sides of the border, however the central banks will not be in sync. The U.S. Federal Reserve is expected to cut rates by 25 basis points while possibly putting further cuts on hold as U.S. equitis are reaching all-time highs. The Bank of Canada will not cut […]

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By MoneyWay
Oct 28, 2019
Canadian dollar unchanged to the USD, waiting for the Bank of Canada

While investors await for the Bank of Canada’s interest rate announcement on Wednesday, expectations for a rate cut will be very slim. The BoC is still concerned with Canadian household debt and its all-time high levels.  According to MNP accounting firm, nearly half of Canadians are facing a debt trap, according to a new survey […]

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By MoneyWay
Oct 25, 2019
Markets are looking for a light at the end of the U.S.-China trade talks tunnel

The U.S. and China have made progress in trade discussions and have come close to finalizing parts of a phase one deal, the Office of the U.S. Trade Representative said Friday.The agency issued a statement outlining the state of discussions following a conversation U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin had with […]

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By MoneyWay
Oct 24, 2019
Canadian dollar unchanged, still haven’t seen any earth-shattering news from Ottawa

Canada’s federal housing agency says it expects the housing market to recover in the next two years after declines in home building, sales and prices. Canada Mortgage and Housing Corp. says in its annual market outlook that housing starts should come in at around 200,000 units next year after declining this year and last. It […]

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By MoneyWay
Oct 23, 2019
Canadian dollar generally unchanged, still waiting to see what the new government will say

Canadians are awaiting as to what the new government will say in the coming days. Rumbles out of the Prairie provinces have put the Trudeau government on notice, Alberta’s premier Kenney has told Trudeau to avoid any deals with the NDP, Bloc Quebecois or Greens that would endanger the Trans Mountain pipeline expansion through British […]

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By MoneyWay

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