#canada #CPIM #boctarget

Canadian #inflation is expected to rise by 2.1% YoY in February.
The #corecpi is still seen well above the BoC’s 2% target.
The #CanadianDollar remains on the defensive vs. the #USDollar.

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2 BMO: The #Canadiandollar is consolidating recent gains against the #greenback at C$1.355 (US$0.738). #U.S. #oil prices are up more than 2% to nearly $65 a barrel on #U.S.-Iran #tensions. #markets

#CanadianDollar

2 BMO: #Treasury #yields are lower along the curve, led by 1.7 bps at front end (10s -1.0 bps to 4.283%). And the #U.S.dollar is slightly softer (BBDXY -0.06%) with the #Canadiandollar firmer (CAD per USD -0.06%).
#markets

2 BMO: And the #U.S.dollar is essentially unchanged with the #Canadiandollar a hint firmer (CAD per USD -0.07%). #markets

I know it, but I'm not afraid. In relative terms, the resurgence of actual American #Americanism is all gonna end up great for the #CanadianDollar

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Two cool loonies
#CanadianDollar
#TerryFox
#HometownHero
#NavyMarineCanada
#RoyalCanadianNavy

Prettier irl

#Debt #Gold #Trump #Dollar #CanadianDollar #Canada #Canadian

@whitehouse-47.bsky.social WOW! #Canada #CanadianTariff #CanadianDollar #Tariffs 10% is what the CDN dollar will drop in 1 day after this and other tariffs go live. Canada has 0 Gold reserves. IF POTUS does revalue the price of Gold to >$4K/oz from ~$35/oz.? 🇨🇦CRASH🤣 youtu.be/dKerdRh7nN0?...

BMO: #NorthAmerican #equity #futures are little changed this morning as #Treasury #yields nudged lower at the long end (10s -1 bp to 4.121%). The #USD index is softer, while the #Canadiandollar ($1.395) is steady this morning. #markets

2 BMO: The #U.S.dollar is essentially flat (BBDXY) with the #Canadiandollar softer ( #CAD per #USD +0.11%). These market moves come ahead of #centralbank policy announcements on both sides of the U.S.-Canada border. #markets

BMO: #Equityfutures are pointing modestly higher (roughly 0.2%) this morning while #Treasury #yields are up along the curve (10s +1.3 bps to 4.045%) ahead of the August #inflation report. Both the #USDindex and the #Canadiandollar ($1.389) are 0.2% stronger so far today. #markets

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#Investing #PortfolioManagement #CanadianDollar #AusterityBudget #CurrencyRisk #WealthManagement #FinanceCanada

BMO: #Equityfutures are ever so slightly higher this morning ( #Dow unch, #S&P +0.1%, #NASDAQ +0.2%) while #Treasury #yields are drifting up (10s just above 4.06%). The #USD index has slumped about 0.2% although the #Canadiandollar ($1.380) has failed to gain any traction.
#markets

Canadian dollar forecasts grow more bullish as BoC easing cycle nears an end - Reuters Poll By Fergal Smith TORONTO (Reuters) -The Canadian dollar is set to strengthen over the coming year as the Bank of Canada potentially cuts interest rates just two more times in the current easing campaign and expected rate cuts from the U.S. Federal Reserve help stimulate Canada’s economy, a Reuters poll found. The median forecast of 32 foreign exchange analysts in the August 29-September 3 poll predicted the loonie would strengthen 1.4% to 1.36 per U.S. dollar, or 73.53 U.S. cents, in three months, compared with the 1.37 level expected in a survey last month. In 12 months, the currency was forecast to gain 2.8% to 1.3415, versus 1.35 seen previously. Investors expect the BoC to resume its easing campaign at a policy decision on September 17 and are pricing in roughly 40 basis points of easing in total by the end of 2026. The central bank has left its benchmark rate on hold at 2.75% since March, having eased by a cumulative 225 basis points since June 2024. "The BoC is close to done with cutting rates, while the Fed is yet to start in earnest, and we suspect the FOMC is likely to surprise markets with the quantum of rates cuts that they ultimately deliver," said Nick Rees, senior FX market analyst at Monex Europe Ltd. "Combine this with positive spillovers to Canadian growth, and we see plenty of scope for the loonie to make gains against the greenback in the coming 12 months." 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Canada sends about 75% of its exports to the United States, including oil and autos. The U.S. has imposed a 35% tariff on goods from Canada but the vast majority of products are exempt from duties under a continental trade pact. Fiscal spending on defense and other items could also boost Canada’s economy, say analysts. Canada has been dealing with economic uncertainty since the start of the year, so the primary focus of the federal budget, due to be presented in October, will be to cut operational spending and funnel investments into major projects, Prime Minister Mark Carney said on Wednesday. (Other stories from the Reuters September foreign exchange poll) AI computing powers are changing the stock market. Investing.com's ProPicks AI includes dozens of winning stock portfolios chosen by our advanced AI. Year to date, 3 out of 4 global portfolios are beating their benchmark indexes, with 98% in the green. Our flagship Tech Titans strategy doubled the S&P 500 within 18 months, including notable winners like Super Micro Computer (+185%) and AppLovin (+157%). Which stock will be the next to soar?

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BMO: U.S. #equityfutures are mixed. #Nvidia modestly beat earnings estimates, but a disappointing sales outlook sent its share price down in after-hours trading. The #Canadiandollar is firmer (C$1.376) against a softer #greenback
#markets

Canadian dollar steadies ahead of domestic inflation data By Fergal Smith TORONTO (Reuters) -The Canadian dollar was barely changed against its U.S. counterpart on Monday as oil prices rose and investors awaited domestic inflation data that could guide expectations for the Bank of Canada policy outlook. The loonie was trading nearly unchanged at 1.3814 per U.S. dollar, or 72.39 U.S. cents, after moving in a range of 1.3784 to 1.3831. Canada’s consumer price index report for July is due on Tuesday. Economists expect the annual rate of increase in consumer prices to ease to 1.8% from 1.9% in June, but measures of underlying inflation that are closely tracked by the BoC are forecast to remain well above the central bank’s 2% target. "Tomorrow’s Canadian inflation report should remain too hot for comfort," Karl Schamotta, chief market strategist at Corpay, said in a note. "The central bank’s preferred trim and median core measures are likely to hold close to the 3% threshold for now as retaliatory tariffs and still-resilient consumer spending levels translate into upward pressure on prices." Investors see a 68% chance that the BoC would leave interest rates unchanged at its next policy decision on September 17. The central bank has been on hold since lowering the benchmark rate to 2.75% in March. The price of oil, one of Canada’s major exports, was up 0.5% at $63.11 a barrel, while the U.S. dollar notched gains against a basket of major currencies. Canadian housing starts unexpectedly rose in July, advancing 4% from the previous month, data from the national housing agency showed. The Canadian 10-year yield was up 2.7 basis points at 3.489%, after earlier touching its highest level since July 30 at 3.506%. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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2 BMO: The #U.S.dollar is a bit firmer (BBDXY +0.03, with the #Canadiandollar slightly weaker ( #CAD per #USD +0.12%). These #market moves come ahead of #centralbank policy announcements on both sides of the Canada-U.S. border.