FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Very Little Reaction To The BoC Minutes

CANADA
  • GoCs continue to modestly underperform Tsys, more so at the longer-end after a well-received US 10Y auction. Can-US differentials: 2Y -32bps (+1bp), 10Y -65bps (+2.5bp).
  • USDCAD holding within session ranges and at ~1.347 has pushed lower on day against a favorable risk backdrop with equity futures in particular pushing higher.
  • The earlier low of 1.3456 stopped short of support at 1.3445 (20-day EMA) after which lies a key 1.3359 (Jan 31 low).
  • BoC officials explored alternate scenarios around potential interest-rate cuts at their meeting last month and strongly agreed on the need to avoid any U-turn once they move, according to minutes of the Jan. 24 decision to hold rates at their highest since 2001.
  • That meeting saw official policy change to “discussion of monetary policy is shifting from whether our policy rate is restrictive enough to restore price stability, to how long it needs to stay at the current level.”
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets 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.