CAD
Daily wrap up – 5 October
The US dollar rose today to its highest level in seven weeks as the dollar index reached 93.81 in the light of the continued positive data from the US economy and remains waiting for employment data tomorrow which affected by the recent hurricanes. Today's data showed that the trade deficit shrank for August as exports rose to a two-and-a-half year high.
Daily wrap up – 27 September
27 Sep 2017 11:33 PM |US President Donald Trump on Wednesday offered proposals for tax adjustments that would be the largest in US history, and told reporters at the White House that they would be something special for Americans. The dollar rose over the course of today's trading, as the dollar index rose from a daily low at 92.79 to reach its highest level since August 23 at 93.40.
Poloz: we will proceed cautiously on rates
27 Sep 2017 07:04 PM |Stephen Poloz, governor of the Bank of Canada, made the following statement:
- There is no predetermined path of interest rates, here we depend on economic data.
- Monetary stimulus in 2015 is no longer needed.
- We will watch developments in financial markets, including long-term interest rate movements and the exchange rate
Finance Minister of Canada: The recent strength of the Canadian dollar is a clear reflection of the strength of our economy
13 Sep 2017 02:10 PM |Bill Morneau, Canadian Finance Minister, made the following statement:
- The recent strength in the Canadian dollar is a clear reflection of the strength of the Canadian economy.
- The economy is showing continued strength even with the current Canadian dollar valuation.
The Canadian economy adds jobs for the 13th month in a row in August
8 Sep 2017 04:29 PM |Canadian jobs rose by 22.2 thousand jobs in August, slightly stronger than expectations for a mere 19,000 jobs, following the addition of 10.9 thousand jobs in July.
Canadian Consumer Price Index matches expectations
18 Aug 2017 04:34 PM |The July consumer price index rose by 1.2% on yearly basis, in line with expectations, compared with June's reading which rose by 1%. While the core index rose by 0.1%, and on yearly basis rose by 0.9%.
Daily Wrap Up – 12 July
12 Jul 2017 07:22 PM |US stocks rose at the beginning of the day after FED Governor Janet Yellen confirmed the gradual rate hike and that raising it again this year would be appropriate. She pointed out that the economy is strong enough to accommodate further gradual rise in interest rates, and reducing the Fed's huge portfolio of bonds.
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