Here’s what to watch this week in the economy, both at home and abroad. Bank of Canada speech. Governor Stephen Poloz speaks on Wednesday in St. John’s, Newfoundland. His topic, “The meaning of data dependence: An economic progress report,” suggests he’ll provide insight on criteria for further rate hikes and their timing. Read: Inflation inches […]
The Federal Reserve’s firm statement last week that a December rate hike remains on the table wasn’t good news for the loonie, which had reached US$0.83 after two hikes by the Bank of Canada. Read: Why there’s too much love for the loonie Loss of loonie steam can also be attributed to remarks from the […]
Statistics Canada says foreign investment in Canadian securities totalled $24.0 billion in July, led by a record acquisition of Canadian bonds. Read: Expect ‘significant’ increase in bond yields: economist The total for the month reversed the sale of $858 million in Canadian securities by foreign investors in June. Statistics Canada says non-resident investment in Canadian […]
The increase suggests inflation could be picking up, but the figures may have been distorted by Hurricane Harvey.
Poor trade data belie Canuck buck's rise
Growth fuelled by consumers, business investment
Loonie's rise is a short-term phenomenon
Investing in international markets proves a winning strategy so far this year
Loonie drops again in April, faced with U.S. trade policy and dovish central bank
Because the hike isn't about tighter monetary policy.