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BOC at center stage – Could Oil drive its decision?

The Bank of Canada announcement is center stage this week, with no change in the current 1.75% setting for the overnight rate widely expected. BOC...

Could CAD keep extending in overbought conditions?

USDCAD and NZDCAD the Dollar is picking up some bids, which has sent EURUSD and AUDUSD to respective intraday lows at 1.1370 and 0.7301. USDCAD...

Canada: CPI & Retail sales Preview

Focus turns to October Canadian Inflation and Retail Sales data:  In Canada, there has not been any domestic data so far this week, before the...

OPEC-JMMC Day: Oil and Loonie – Tentative moves?

USDCAD and USOil, H4 and Daily USOil prices reached an overnight high of USD 57.44 per barrel. The 4-day run higher in Oil prices, after...

Mixed Loonie on US Session

AUDCAD and USDCAD, H1 The Canadian manufacturing report came in close to expectations, although the lack of growth for total shipment volumes was a tad...

Ahead of BoC announcement

BoC Assessment Tomorrow, a 25 bp rate hike is as close to a done deal as is possible for policy. Recent economic data does, however,...

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