Fade 2026 hike pricing through CAD steepeners as cooling CPI and softening labor conditions keep downside risks for rates and GoC yields. Canadian November CPI came in cooler than expected: Headline held at 2.2% y/y while core…
Fade 2026 BoC hike pricing through CAD steepeners as muted inflation and labor softness keep downside risks for rates and GoC yields. The Bank of Canada left the overnight rate unchanged at 2.25% after signaling at its October…
Weak private sector activity and persistent labor softness point to greater-than-expected BoC easing risks. Canadian Q3 GDP beat expectations at 0.6% q/q (2.6% annualized), avoiding a technical recession after Q2’s contraction.…
Persistent Canadian employment weakness and muted inflation point to further easing below neutral. Canadian employment appeared to stabilize in September and October, but more reliable data paint a weaker picture. While the October…
This week, our screeners explore opportunities in the Swedish stock market, Canadian gold-exposed and domestic-focused sectors, and ex-tech GenAI names.
Canadian inflation cooled less than expected in October, reinforcing the BoC’s short-term pause but signaling scope for lower yields ahead. Headline CPI rose 2.2% y/y, slowing from 2.4%, with gasoline prices driving the decline.…
Our Global Fixed Income strategists adopted a neutral stance on Canadian bonds, currency, and equities, as subdued growth and stabilizing inflation keep the BoC on hold. Canada is moving past the 2025 trade shock, with declining…
Canada’s October jobs report beat expectations, but underlying details suggest momentum remains fragile. Employment rose 66k after a 60.4k gain in September, while unemployment unexpectedly declined to 6.9% from 7.1%. The…
2025 has underscored widening policy and market divergence between the US and Canada, but Canadian yields still offer room for downside. The spread between the 2-year GoC yield and the overnight rate is less than 10 bps, compared…