AUDCAD AUD/CAD
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AUD/CAD News
Canadian Dollar treads water on tepid Friday
The Canadian Dollar (CAD) traded softly on a low-volatility Friday, sticking close to the midrange.
Canadian Inflation Expected to Show Further Cooling in April -- Market Talk
Next week's Canadian inflation report for the April will be the last major data before the central bank's June 5 rate decision and, baring an upside surprise, is likely to reinforce that soft economic conditions and labor market warrant a quarter-point cut, Royal Bank of Canada's Nathan Janzen and Carrie Freestone say.
UBS Says Australia's Budget Doesn't Change Its View on Central Bank Action
Australian Federal Treasurer Jim Chalmers delivered his third budget and second consecutive surplus of A$9.3 billion, noted UBS.
Canadian Inflation Set To Ease Further But BoC May Need More Clarity -- Market Talk
Canadian headline and core inflation measures are expected to have edged lower in April, offering some support for a central bank seeking sustained progress on price pressures.
Australia's Unemployment Rate Rises More Than Expected in April
Australia saw a higher-than-expected jobless rate in April as more people looked for work, according to figures released by Australian Bureau of Statics on Thursday.
Australian Dollar Struggles After Soft Labor Market Report
The Australian dollar fell against the US dollar and many other major currencies in early European trade on Thursday after government data suggested the labor market continued to soften in April.
Australia's Unemployment Set to Track Higher Until Mid-2025 -- Market Talk
Australia's unemployment is expected to edge higher over the next 12 months, says Harry Murphy Cruise, an economist at Moody's Analytics.
Australian Dollar Retreats From Four-month Highs After Higher Unemployment Rate
The Australian Dollar (AUD) snapped its three-day winning streak after the higher-than-expected Aussie Unemployment Rate on Thursday, which rose to 4.1% in April, from the previous reading of 3.9%. Australia’s 10-year government bond yield traded lower around 4.2% after Australia’s Wage Price Index (QoQ) showed a 0.8% increase in the first quarter, falling slightly below the anticipated rise of 0.9%. These figures have supported a dovish sentiment surrounding the Reserve Bank of Australia (RBA) regarding monetary policy.
Australia Jobless Rate Jumps to 4.1%, Boosting Rate-Cut Bets
Australian unemployment climbed higher than expected last month, highlighting the impact of elevated interest rates on the economy and prompting money markets to boost bets on policy easing.
Australian Unemployment Rises, Easing Pressure on RBA to Hike
By James Glynn SYDNEY--Unemployment in Australia jumped in April as more people searched for work, a rise that's likely to reduce pressure on the Reserve Bank of Australia to raise interest rates fur
Manufacturing Sales Down 2.1% in March at $69.9 Billion: Statistics Canada
Manufacturing sales fell 2.1 per cent to $69.9 billion in March as sales of petroleum and coal products and motor vehicles fell, Statistics Canada said Wednesday.
Canada Factory Shipments Fall 2.1% in March
Canadian manufacturing was again in decline in March as shipments of petroleum and motor vehicle both fell sharply, pulling factory sales down by the most in five months.
Canadian Manufacturing Sales Another Sign Of Softening GDP -- Market Talk
Renewed weakness in Canadian factory sales volumes offers further evidence of a soft economic backdrop to end 1Q. Manufacturing shipments dropped 2.1% on-month in March, and were 2.0% lower in volume terms.
CMHC Says Canada's Housing Starts Post 1% M/M Slip in April; Worse Than Expected
April's drop was worse than the 3.2% m/m gain expected by the Bank of Montreal (BMO).
Australia's Budget Boost Risks More Hawkish RBA, Economists Warn
Australia’s central bank is likely to keep interest rates elevated for longer, economists said, despite Tuesday’s budget forecasting inflation to fall back within the 2-3% target by year’s end, a result that would normally open the door to earlier easing.
Australian Annual Wages Grow 4.1% YoY in March Quarter
Australia's wage price index (WPI) rose 0.8% in the March quarter and 4.1% for the year, according to seasonally adjusted data from the Australian Bureau of Statistics on Wednesday.
Peaking Australian Wages Will Sideline RBA, Says Capital Economics -- Market Talk
0258 GMT - Amid the mop-up of the Australian government's big spending 2024-2025 budget on Tuesday, which had many economists speculating it could put upward pressure on inflation and interest rates, news has emerged that will cool those fears.
Australia's Wage Growth Slows for First Time Since Late 2020
Australian wage growth eased for the first time since the depths of the pandemic in the first three months of the year, in a positive result for the Reserve Bank which remains watchful of price pressures in the economy.
Canada Wholesale Sales Fall 1.1% in March
Canadian wholesale trade weakened in March, driven by sharply lower sales of motor vehicles as several manufacturing plants began retooling work on assembly lines to produce new models.
BMO on The Day Ahead in Canada
Bank of Montreal (BMO) noted that Canada will release wholesale trade for March at 8:30 a.m. ET on Tuesday.