Daily-Wrap

Macro Update:Concerns about the strength of the U.S. economy may also have generated some negative sentiment following the release of the Labor Department's report on employment in the month of November. While report showed stronger than expected job growth in November, the increase followed …

Macro Update:Statistics Canada released a report showing Canadian consumer prices rose 2.2 percent on a year-over-year basis in November, matching the increase in October. A separate Statistics Canada report said Canadian manufacturing sales decreased 1.0 percent in October, driven by lower sales in the …

Macro Update:On the economic front, Statistics Canada released a report showing the total value of building permits issued in Canada soared by 14.9 percent to C$13.8 billion in October, led by the residential sector.Separate reports showed sales by Canadian wholesalers inched up by 0.1 …

Macro Update:Yesterday, the U.S. Federal Reserve instituted a quarter-point rate cut, bringing rates down to the 3.50% to 3.75% range. The Fed's projections hinted that one rate cut will take place next year although new data could change this. The bankers wish to see …

Macro Update:In line with analysts' expectations, after two consecutive interest rate cuts, the Bank of Canada left rates unchanged and maintained its target for the overnight rate at 2.25% - with the Bank Rate at 2.50% and the Deposit Rate at 2.20%.This decision came …

Macro Update:Traders are awaiting the press conference with Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers following the interest rate announcement wherein more insights on the central bank's analysis of the national economy and its rate path for 2026 can be gathered. The …

Macro Update:In the U.S., the Federal Open Market Committee of the Federal Reserve convenes tomorrow for a two-day meet, at the end of which the team will announce new interest rates. A spate of economic releases after the shutdown have given a mixed data …