Forward Guidance: Canadian Growth Slower in Q4, and Not All Transitory
The Canadian economy continues to be buffeted by a growing list of ‘transitory’ factors – the latest being the threat to global growth from the COVID-19 breakout in China and ongoing domestic rail disruptions. The week ahead includes the admittedly...
Oil Market Week Ahead: The Real Tally of the Virus
Just as China started containing the spread of the coronavirus, two new flash zones opened up in South Korea and Iran, where the number of cases has surged over the last three days. Even before the virus jumped countries, South...
Week Ahead – Virus Risks to Set Market Tone in Muted Data Week
With not much on the economic calendar to enthuse markets next week, the virus and its impact on economies globally is likely to remain the primary driver of risk sentiment. Still, there are some important indicators worth keeping an eye...
Canadian Retail Sales Flat in December, Capping Off a Notably Disappointing Year
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
More Pressure For The Aussie On Risk Aversion
The shift in risk appetite overnight, caused by a jump in new CoVid-19 cases outside of China, piled more pressure on the beleaguered Aussie. Weak local data added to the downforce, pressing AUD/USD to the lowest levels in 11 years....
Trump Hates the Strong Dollar, but Buck Bulls LOVE Him
In a classic “best house in a bad global neighborhood” trade, the US dollar is off to its best start to a year since 2015, rising against each of its major rivals year-to-date. While (relatively) strong economic data and safe...
USD Gains Post-Fed Minutes. S&P500 And Nasdaq At Record High, But Sentiment Elsewhere Mixed
The FOMC minutes showed that risks related to global trade and growth were diminished after the signature of the phase-one deal between the US and China, but other risks emerged, including the coronavirus outbreak. The Fed highlighted the need to...
Inflation Ticks up in January, But Core Measures Edge Lower
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
China Is Hopeful Due To he News Of Virus Containment. Waiting For FOMC Protocols
The US dollar continued its growth against a basket of major currencies. The US dollar index (#DX) closed yesterday in the positive zone (+0.33%). At the same time, the yen, which is considered a protective asset, went down amid signals...
Canadian Inflation to Test Loonie’s Rebound
Canada will publish its first inflation figures for the new year on Wednesday at 13:30 GMT before releasing retail sales data for the month of December on Friday at the same time. Given its direct impact on monetary policy and...
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