TORONTO — The probability of a Bank of Canada interest rate hike next week rose on Friday to nearly 50 per cent, data from the overnight index swaps market showed, up from around 20 per cent before data on Thursday showing rapid domestic growth. Canada’s 2-year yield climbed above its U.S. equivalent for the first […]
Canada’s economy unexpectedly accelerated in the second quarter to a Group of Seven-beating 4.5 per cent annualized pace amid the biggest binge in household spending since the last recession. Economists had anticipated a 3.7 per cent pace, matching the first quarter rate that was left unchanged Thursday by Statistics Canada. The better-than-expected result was due to stronger […]
USD/CAD is consolidating important daily and weekly losses. The pair bottomed today at 1.2338, the lowest in two years after NFP. Other economic reports from the US limited the decline and the greenback trimmed losses. At the moment, the pair is hovering slightly below 1.2400, down 85 pips for the day. It has fallen more than two […]