The Banxico Survey of Expectations showed that the deterioration in growth expectations persists, albeit to a lesser extent (table 1). Analysts now forecast average growth of 1.41% for 2024, down from ...
Canada threw cold water on its immigration ambitions last week with a plan that would see a modest population contraction over the next two years. Our immediate reaction questioned the practicalities ...
Tuesday‘s US election and Thursday’s concentration of central bank decisions will be the biggest days of the week capped off by Canadian jobs on Friday. Which effect on markets comes first is unclear ...
The highly uncertain US election is around the corner, with the risk of a tight race that may take a while to be called while the Fed holds its two-day policy meeting ahead of Thursday’s rate decision ...
The outcome of the U.S. presidential race remains a coin-toss. Given former President Trump’s focus on trade policy in this campaign and the ongoing threat of tariffs that are central to his economic ...
Markets are playing defence this morning. Stocks are broadly lower across N.A. futures and European cash markets. US Treasuries are slightly bid versus cheapening across Europe led by underperforming ...
Canada’s economy ended Q3 on a firmer than expected note but the Bank of Canada’s growth forecasts for 2024H2 will still need a fair amount of help to come true. That’s by no means impossible, but the ...
The Bank of Canada cut 50bps to take the policy rate to 3.75% and explicitly left the door open to further rate cuts with the size and pace to be determined by data and other developments. They also ...