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Last week, Citi announced a significant shift in its stance on the U.S. dollar, moving from a bullish position to a neutral one. The change in view was prompted by an anticipated pullback of the USD,...
On Monday, Bank of America (BofA) economists forecasted that the Bank of Canada (BoC) will reduce its overnight policy rate target by 25 basis points on January 29, setting the rate at 3%. The...
Investing.com-- The Mexican peso weakened sharply on Sunday, while the Canadian dollar softened amid heightened fears that U.S. President Donald Trump will deliver on his tariff threats, after he...
Investing.com -- Retail sales in Canada remained largely unchanged in November, with declines in six of the nine subsectors. The most notable drop was seen in food and beverage retailers, which...
On Wednesday, Macquarie analysts provided insights into the potential future movements of the Canadian dollar (CAD) against the US dollar (USD). They indicated that the fears of heavy-handed US import...
Wells Fargo (NYSE:WFC) analysts presented insights on the potential impact of U.S. tariffs on Canada and Mexico, forecasting a stronger U.S. dollar as a result. The firm anticipates that if the...
Canada's Consumer Price Index (CPI) in December came in at 1.8% year-over-year (yoy), lower than the expected 1.9%, and a decrease from the previous month's 1.9%. According to Bank of America, the...
Investing.com -- The Canadian dollar and Mexican peso may be at risk of further depreciation against the U.S. dollar, should U.S. President Trump decide to implement his proposed 25% tariffs on...
On Monday, Bank of America (BofA) highlighted potential vulnerabilities in foreign exchange (FX) positions post the U.S. nonfarm payrolls (NFP) release, noting light investor flows into the payroll...
Investing.com -- In December, Canada saw an increase in employment by 91,000 (+0.4%) and the employment rate increased by 0.2 percentage points to 60.8%. The unemployment rate also saw a slight...
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