Daily-Wrap

Macro Update:Data released by S&P Global revealed that Canada's Manufacturing PMI rose to 49.6 in October from 47.7 in September, indicating a somewhat slower contraction since January. Furthermore, Xi invited Carney to visit China, a request which Carney readily accepted. Carney emphasized that constructive …

Macro Update:In a significant development today, on the sidelines of the APEC summit, Canadian Prime Minister Mark Carney and Chinese President Xi Jinping held their first formal talks in eight years. Both leaders are engaged in bettering trade relations and in smoothening out the …

Macro Update:The Bank of Canada, which lowered interest rates by a quarter point as widely expected, indicated it now expects to keep rates on hold. The Fed also cut rate by 25 basis points, and signaled that another rate cut is unlikely this year. …

Macro Update:While the Bank of Canada lowered interest rates by a quarter point as widely expected, the Canadian central bank indicated it now expects to keep rates on hold. Fed also lowered interest rates by another quarter point as widely expected, Fed Chair Jerome …

Macro Update:The strength on Bay Street may have reflected optimism about the outlook for interest rates ahead of monetary policy announcements from both sides of the border on Wednesday. Both the Bank of Canada and the U.S. Federal Reserve are widely expected to lower …

Macro Update:Treasury Secretary Scott Bessent met with Chinese officials in Malaysia over the weekend and said he believes the talks have resulted in a "very successful framework" for U.S. President Donald Trump and his Chinese counterpart Xi Jinping to discuss on Thursday. The weakness …

Macro Update:Data from the Labor Department showed the U.S. consumer price index rose by 0.3% in September after climbing by 0.4% in August. Economists had expected consumer prices to rise by another 0.4%.The report also said the annual rate of growth by consumer prices …