Dear client, In addition to this weekly report, we sent you a Special Report from our Geopolitical Strategy service, highlighting the risk from the Russo-Ukrainian conflict. Kind regards, Chester Executive Summary The Ukraine…
Canada’s CPI inflation rate increased in January, reinforcing the case for the Bank of Canada to start hiking interest rates at its March 2 meeting. Headline CPI inflation rose to 5.1% y/y from 4.8%, while the three core…
Feature This week, we present the third edition of the BCA Research Global Fixed Income Strategy (GFIS) Global Credit Conditions Chartbook – a review of central bank surveys of bank lending standards and loan demand. The data from…
BCA Research is proud to announce a new feature to help clients get the most out of our research: an Executive Summary cover page on each of the BCA Research Reports. We created these summaries to help you quickly capture the main points…
The Bank of Canada kept the policy rate unchanged at 0.25% at its Wednesday meeting but signaled that a rate hike at its March 2 meeting is likely. Governor Tiff Macklem highlighted “a significant shift in monetary policy…
Highlights Federal Reserve: Market turbulence will not dissuade the Fed from starting to hike rates in March, with longer-term consumer inflation expectations climbing steadily higher. Given the choice of fighting high inflation or…
Market participants have aggressively increased their rate hike expectations for Canada over the coming year. Recent data supports this shift. Canada’s headline inflation rate rose to a fresh 30-year high of 4.8% in…
The Bank of Canada’s Q4 Business Outlook Survey reveals that Canadian firms continue to face capacity pressures. The headline BoS indicator strengthened to 6 in Q4 from 4.6 in Q3. This increase reflects an improvement in…
Highlights 2022 Key Views & Allocations: Translating our 2022 global fixed income Key Views into recommended positioning within our model bond portfolio results in the following conclusions to begin the year. Target a moderate…