6CMAIN Canadian Dollar Futures(JUN4)
- 0.73335
- -0.00055-0.07%
Canadian Dollar Futures(JUN4) News
There is a high probability that the Bank of Canada will cut interest rates this week. The US and Canada are expected to fall below 1.3601 support and look at 1.3400
Market analyst Saqib Iqbal wrote that the USD/CAD weekly forecast shows more downside potential because the Bank of Canada is likely to cut interest rates this week, far ahead of the Federal Reserve. On the technical side, USD/CAD has fallen below the bullish trend line and is approaching the 1.3601 support level.
Canada's GDP for the first quarter fell short of expectations. Is next week's interest rate cut certain?
Canada's economic growth in the first quarter fell short of expectations, and the market expects the possibility that the Bank of Canada will cut interest rates in June to increase.
Economists are deeply divided: the prospects for economic recovery are uncertain, can the Bank of Canada cut interest rates?
At the beginning of 2024, the Canadian economy gradually slowed, but economists disagreed on whether the Bank of Canada could cut interest rates.
TD Bank insists the Bank of Canada will cut interest rates in July Traders prefer to cut interest rates in June
GLONGHUI, May 31 | TD Bank economists say Canada's first-quarter GDP data has encouraging aspects, although far from market consensus. Consumer spending remained good, and corporate investment rebounded. However, the bank's tracking of consumer spending through its own anonymous credit card transactions shows that household demand is on the verge of gradually declining. After the GDP data was released, traders believed that the Bank of Canada was 70% likely to cut interest rates next week. TD Bank insisted that it won't start cutting interest rates until July, and pointed out that the Bank of Canada, under the leadership of Governor MacLem, always made changes to monetary policy before it adjusted its monetary policy
Canada's GDP is expected to grow 0.3% in April
GLONGHUI, May 31 | Statistics Canada recorded an annual GDP rate of 1.7% in the first quarter, lower than expected, while GDP in April is likely to increase 0.3% month-on-month. The April forecast means that the economy started well in the second quarter. However, the GDP report shows that the Canadian economy has not rebounded strongly from last year's weakness as initially shown in the data, which may persuade the Bank of Canada to start cutting interest rates in June. Of the 29 analysts surveyed by Reuters, three-quarters expect the Bank of Canada to cut interest rates by 25 basis points on June 5.
According to interest rate swap market data, the Bank of Canada's chance of cutting interest rates on June 5 rose from 66% before the GDP data was released to 80%.
According to interest rate swap market data, the Bank of Canada's chance of cutting interest rates on June 5 rose from 66% before the GDP data was released to 80%.
Canada's monthly GDP rate for March was 0%, expected to be 0.00%, and the previous value was 0.20%. Canada's GDP in March was 0.6% per annum, expected to be 0.70%, compared with the previous value of 0.80%.
Canada's monthly GDP rate for March was 0%, expected to be 0.00%, and the previous value was 0.20%. Canada's GDP in March was 0.6% per annum, expected to be 0.70%, compared with the previous value of 0.80%.
Interest rate cuts trigger desire to buy Canadians prepare to open money bags to spend big
According to a survey, many Canadians plan to spend a lot when interest rates fall, but most people will wait to cut interest rates several times before taking action before the Bank of Canada cuts interest rates.
Canadian Dollar claws back ground after Greenback softens on Thursday
The Canadian Dollar (CAD) is rebounding on Thursday, recovering ground previously lost in the midweek market session as broad market flows in the Greenback dictate overall market sentiment.
Canadian Core Inflation Measures Set to Remain Relatively Muted -- Market Talk
The stage is set for Canadian headline and core inflation to reach the central bank's 2% target on a sustained basis by early next year, even if core price growth accelerates somewhat from the muted start to the year, Capital Economics' Olivia Cross suggests.
Contrary to the Reuters investigation, KITU strongly proves that the Bank of Canada may once again stand still
The Bank of Canada will make an interest rate decision next week, but there is still great uncertainty about the results.
Canada Q1 Current Account Deficit Expands to $5.4 Billion; Canadians Buy Record $37 Billion in Foreign Bonds in Quarter
Canada posted a seasonally adjusted current account deficit of $5.4 billion in the first quarter, $900 million more than the previous quarter as the goods balance moved from a surplus into a deficit, the country's statistical agency said on Thursday.
Of the 29 economists surveyed, 22 believe that the Bank of Canada will cut the overnight interest rate from 5.00% to 4.75% on June 5, and 7 believe that interest rates will remain unchanged.
Of the 29 economists surveyed, 22 believe that the Bank of Canada will cut the overnight interest rate from 5.00% to 4.75% on June 5, and 7 believe that interest rates will remain unchanged.
Canadian Dollar recedes on Wednesday as Greenback rebounds
The Canadian Dollar is softening across the board on Wednesday, shedding weight as the safe haven Greenback catches a broad-market bid.
Gradual Bank of Canada Rate Cuts Won't Provide 'Sufficient Respite' -- Market Talk
PGM Global strategists warn the Bank of Canada would have to cut rates at a far deeper and quicker pace than current market expectations to provide a meaningful jolt to the economy.
Can AI-driven Efficiencies Address Canada's Lagging Economic Productivity?
A new report from TD Economics says that while advancements in AI technology could help the Canadian economy address long-standing productivity issues, its potential for growth will depend on its implementation.
Canadian Dollar declined on data-light Tuesday as US markets return to the fold
The Canadian Dollar (CAD) is broadly softer on Tuesday, paring away some of the gains found at the start of the trading week.
Canadian Rate Cuts Will Take Months to Help Consumers, Scotiabank Says
While expectations for lower borrowing costs are building, it will take as long as three quarters for interest-rate cuts “to really bear fruit” for bank customers, according to a Bank of Nova Scotia executive.
The economic outlook is bleak, and Canada will be struggling with low growth and high inflation for the next 20 years
There has been a lot of talk recently about Canada's poor economic growth, but now a new report warns that this could continue for 20 years.
Canada's Finance Minister: The federal budget has created conditions to enable the central bank to lower interest rates. The Bank of Canada will independently decide whether to lower interest rates.
Canada's Finance Minister: The federal budget has created conditions to enable the central bank to lower interest rates. The Bank of Canada will independently decide whether to lower interest rates.