Money markets raise Bank of Canada 2026 rate hike bets by 75 basis points Money markets raised their bets on a Bank of Canada rate hike on Friday, assigning a more ​than 20% chance of one next month as the ‌Iran war showed no sign of abating and oil prices rose.

Money markets raise #BankofCanada 2026 rate hike bets by 75 basis points

#BofC had predicted unchanged rates 2026, prior to US/Israeli led war on Iran that has impacted #globaloil #pricing. #cdnpoli

Big Six banks exceed expectations, hit $19 billion in Q1 profit Canada’s Big Six banks had a blockbuster start to the year, with all of them exceeding earnings expectations for the first quarter.

Big Six banks exceed expectations, hit $19 billion in Q1 profit

#incomeinequality #Inflation #BofC #Cdnpoli

Canadian economy shrank by 0.3% in Oct, biggest drop in almost 3 years The Canadian economy shrank by a greater-than-expected 0.3% in October, the largest drop in almost three years, on weakness in both the goods and services sectors, official data showed on Tuesday.

#StatsCan reported Tuesday that #Canada real #GDP #contracted 0.3% in October. Biggest drop in 3 years.

#BofC hold makes its narrative complicated.

11 of 20 #industrialsectors contracted.

Bank of Canada inflation target won’t change in 2026 mandate review: Macklem The head of the Bank of Canada is looking to a new frontier for digital currencies but he says one thing that won’t be changing is the central bank’s two per cent inflation target.

Statements like these by the #BofC don’t impart faith in a #bankingsystem.

Canadians want a responsive banking system that supports needs of the nations people, not provides cushion for investment. Not subject to political pressure or whims.

It’s not a good look for Canada.

2 eggs OM, homemade salsa, corn tortilla and avocado 🥑 slices. #bofc