Canada

Highlights The US dollar is softer across the board and is indeed at new lows for the week against most of the major currencies ahead of a relatively constructive string of economic data and rate hikes from New Zealand and Brazil, a…

Canada has had quite a run in its property market. But, the most recent data are a bit soft. David Rosenberg writes: After a string of above-expected economic data releases, Canadian housing starts missed the mark. Starts sunk 6.3% MoM,…

Australia The Reserve Bank of Australia met earlier today and as widely expected kept the official rate steady at 4.5%.  The tone of the statement was fairly neutral, as one might expect after 6 rates hikes since last October and…

The US dollar is mostly little changed today. The main feature is the covering of short euro positions and this has lifted the single currency to new four-day highs against the dollar. As we have noted in recent days, its downside momentum…

David Rosenberg has been pretty bullish on the Canadian economy.  In the wake of recent tightening of regulations on housing in Canada, he muses about what this will mean for the Canadian housing market and the broader economy.…

The Bank of Canada's statement yesterday, where it dropped it conditional promise about keeping rates steady and raised this year's growth outlook triggered new Canadian dollar buying.  We too have been bullish the Canadian dollar.…

You can get some pretty good mortgage deals in Canada these days Today I got this drift via this intrusive banner advert from CIBC. Clearly CIBC wants you to see this advertisement. The deal is 4.74 fixed with 2% cash back if you switch…

Falling commodity prices amid general position adjustment in the foreign exchange market is weighing on the Canadian dollar today. The Loonie is trading at its lowest level since late March.  The near-term risk seems to extend toward…

Marc Chandler is the global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here. Highlights The US dollar is consolidating yesterday’s outsized…

Canada reported a larger than expected trade surplus earlier today.  At C$0.8 bln, it was four times larger than expected and the December figures were revised to show a C$0.1 bln surplus instead of a C$0.2 bln deficit.  Canada…