Free Trial

Macklem Remarks Ahead

CANADA
  • BoC’s Macklem remarks before the Montreal Council on Foreign Relations are due shortly, with text at 1245ET before the speech at 1300ET. A press conference will follow at ~1410ET.
  • There has been very little major Canadian data since the Jan 24 BoC decision, just monthly GDP for Nov/Dec flash and Macklem has already touched on it in his House appearance on Feb 1 (suggests growth faster than BoC estimate but still think Q4 GDP will be weak).
  • USDCAD has dipped back below 1.35, off earlier joint highs having tested the bull trigger at 1.3544 but still within yesterday’s wide range.
  • GoCs mostly track Tsys on the day, trading between 4.5-7bp richer.

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.