Inflation has been rising in Canada, with December CPI hitting 4.8% y/y, a 30-year high. The Bank of Canada is keeping a watchful eye on inflation but has a new problem to worry about. With consumer inflation far above wage growth, there are increasing concerns that workers will demand higher wages and salaries in order […]
USD/CAD has edged higher on Thursday and briefly pushed above the 1.27 line for the first time in three weeks. The Canadian dollar continues to lose ground and is down 1% this week. Wednesday was a busy day on the central bank watch, with both the Bank of Canada and the Federal Reserve holding meetings. […]
Fed Day: US stocks gave up earlier gains as Treasury yields surged after Fed Chair Powell signaled they will use their tools to make sure inflation does not become entrenched, paving the way for a March liftoff. Earlier, the stock market may have gotten too pessimistic and priced in too much of a slowdown that […]
OANDA Senior Market Analyst Ed Moya previews the day’s market news with Jonny Hart. They discussed markets, preview the FOMC decision, recap the BOC hawkish hold, oil price volatility and all the fundamental drivers, and cryptos.
