Daily-Wrap

Macro Update:After meeting Chinese President Xi Jinping during his four-day visit to China, both the leaders announced that China will lower the levies on Canola oil from Canada to 15% (currently 85%) by March 1, while Canada agreed to import around 49,000 electric vehicles …

Macro Update:Carney is in China on a four-day visit with an aim to mend the strained ties between the two nations and boost bilateral cooperation in trade, agriculture, and international security. In the U.S., recent data releases have trimmed expectations of another rate cut …

Macro Update:With no significant data releases for today, it was an unremarkable day for Canada. In the U.S., the (delayed) data from the Bureau of Labor Statistics revealed that the Producer Price Index rose by 0.2% in November. However, November's retail sales numbers exceeded …

Macro Update:Data from the Labor Department revealed that month-over-month core consumer prices in the US, (which exclude food and energy) rose by 0.2% from the previous month for December 2025. The annual core consumer price inflation rate, stood at 2.6% in December 2025, Month-over-month …

Macro Update:In the U.S., the Federal Reserve revealed that the U.S. Department of Justice had opened an investigation into Fed Chair Jerome Powell over alleged misdeeds in the $2.5 billion renovation of the Fed headquarters. The Bank of Canada lowered interest rates to 2.25% …

Macro Update:Data released by Statistics Canada today revealed that the unemployment rate in Canada rose to 6.8% in December 2025 from 6.5% in the previous month, above market expectations of 6.6%.

Macro Update:Data released by Statistics Canada today revealed that Canada recorded a trade deficit of C$583 million in October 2025 compared to C$243 million surplus in September. The report said imports increased 3.4%, while exports were up 2.1%.Exports to the U.S. fell 3.4%, while …