Daily-Wrap

Macro Update:Canada-U.S. high-level talks in an effort to strike a favorable trade deal suffered a jolt when Trump halted the negotiations apparently angered over an anti-tariff advertisement created in Canada mocking U.S. tariffs. Canada's Mortgage and Housing Corporation today revealed that housing starts in …

Macro Update:Data released by Statistics Canada today revealed that the headline inflation rate in Canada fell to 2.20% in October from 2.40% in the previous month, within the ballpark of Bank of Canada's expected baseline.

Macro Update:Statistics Canada released a report showing Canadian manufacturing sales surged by 3.3 percent in September, driven by higher sales of transportation equipment and petroleum and coal products. Meanwhile, Canada's wholesale trade rose 0.6% month-on-month to C$85.9 billion in September, the sixth increase in …

Macro Update:In the U.S., Monday's Senate-passed short-term funding bill to run the government was approved by the House yesterday and later signed by U.S. President Donald Trump, thereby ending the longest shutdown in the history of U.S., which started on October 1. Recent U.S. …

Macro Update:Even while the shutdown in the U.S. entered day number 43, attempts that started Sunday night to end the government closure appear to be bearing fruit. Monday's Senate-advanced short-term funding bill to run the government through January 30 that was formulated by the …

Macro Update:Recently, U.S. President Donald Trump halted all trade talks with Canada, angered by an advertisement from Canada that apparently mocked Trump's tariffs. Last Friday, while addressing a business audience in Toronto, Carney stated that the negotiations would resume without giving many details about …

Macro Update:Data released by Statistics Canada today revealed that the unemployment rate in Canada fell to 6.9% in October from the four-year high of 7.1% in September. The Bank of Canada has estimated that the trade dispute with the U.S. would push economic growth …