CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Local Analysts Keeping To Prior Terminal Rate Views

CANADA

Initial reactions from local analysts who were at the more dovish end of the spectrum, including RBC who correctly called today’s 50bp hike.

  • BMO: Continue to see another 25bp in Dec and now add 25bp to Jan to maintain prior terminal view of 4.25% as the Bank clearly states more than one hike is coming with the word “increases”.
  • CIBC: Continue to see a terminal of 4.25% with rates on hold at least through the end of 2023
  • RBC: Had been in minority calling for 50bp. Dovish pivot supports view of 25bp hike to terminal 4% in Dec but risk still skewed to upside as Macklem seemed to frame next meeting’s debate as 25 vs 50bp.
  • TD: Push back terminal rate to Jan, now see 25bp hikes in Dec and Jan to 4.25% (previously 4.25% Dec).
HomepageBulletMarketsFixed Income BulletsForeign Exchange BulletsCanada Bank of Canada Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.