CADAUD CAD/AUD
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CAD/AUD News
Australian Dollar Can Outperform on Crosses in Months Ahead Says ING
The Australian dollar is likely to outperform other major currencies like the euro and pound owing in part to the lingering risk of a further increase in interest rates from the Reserve Bank of Australia, according to strategists at ING.
Australian Inflation Edges Up in April, Challenging Central Bank
Edging higher, Australia's consumer price index (CPI) rose 3.6% on year April, after a 3.5% on-year gain in March, and a 3.4% rise in February, reported the Australian Bureau of Statistics (ABS) on Wednesday.
Australia's inflation unexpectedly heats up in April, and the Reserve Bank of Australia's “higher for longer” argument is once again supported
Australia's inflation in April was faster than expected, which indicates that price pressure is still strong and provides support for the Reserve Bank of Australia to keep interest rates at a 12-year high next month.
Australia's Elevated Inflation Suggests RBA to Extend Rate Pause
Australia’s inflation came in faster than expected in April, suggesting price pressures remain stubbornly strong and bolstering the case for the Reserve Bank to keep interest rates at a 12-year high next month.
Australia's Monthly CPI Inflation Rises to 3.6% YoY in April Vs. 3.4% Expected
Australia’s monthly Consumer Price Index (CPI) increased at an annual pace of 3.6% in the year to April, having risen 3.5% in March, data published by the Australian Bureau of Statistics (ABS) showed Wednesday.
Major Headwinds for Australian Economy Starting to Ease, Says Westpac
A key leading indicator of the Australian economy suggests a lot of the headwinds that slowed the commodity-rich country over recent years are beginning to ease.
Can AI-driven Efficiencies Address Canada's Lagging Economic Productivity?
A new report from TD Economics says that while advancements in AI technology could help the Canadian economy address long-standing productivity issues, its potential for growth will depend on its implementation.
Canadian Dollar declined on data-light Tuesday as US markets return to the fold
The Canadian Dollar (CAD) is broadly softer on Tuesday, paring away some of the gains found at the start of the trading week.
Canadian Rate Cuts Will Take Months to Help Consumers, Scotiabank Says
While expectations for lower borrowing costs are building, it will take as long as three quarters for interest-rate cuts “to really bear fruit” for bank customers, according to a Bank of Nova Scotia executive.
Australian April Retail Sales Remain Soft
Continuing a soft pattern, Australian retail sales rose a modest seasonally adjusted 0.1% in April from March, reported the Australian Bureau of Statistics (ABS) on Tuesday.
Australia's Retail Sales Rise Slower Than Expected in April
Retail sales in Australia rose at a slower-than-expected pace as shoppers remained wary in the face of high consumer prices, according to data released today by the Australian Bureau of Statistics.
Weak Australian Consumer Spending May Invite Earlier RBA Cut -- Market Talk
The weakness in Australian retail sales in April is consistent with the idea that inflation will reach the top end of the RBA's 2%-3% target band in the second half of the year, says Marcel Thieliant, chief economist at Capital Economics.
Soft Australian Retail Sales Counts Against RBA Hike, Coolabah Says -- Market Talk
The Reserve Bank of Australia is fixated on weak retail sales at the moment, so news of a sluggish 0.1% rise in retail turnover in April should count against bets that the central bank will raise the official cash rate further, says Kieran Davies, chief macro strategist at Coolabah Capital.
Australian Retail Sales Remain Tepid as Households Hunker Down
Australian retail sales almost stagnated in April as higher borrowing costs and still-elevated inflation encouraged households to save more and spend less.
Australia's Spike in Young Unemployed Signals Weaker Job Market
Australia’s youth unemployment rate has jumped, signaling a softening in the broader labor market and a potential precursor to further weakness in the economy ahead, according to Bloomberg Economics.
Australian Consumer Confidence Falls to Fresh Low
Australian consumer confidence last week recorded its lowest level so far for this year with confidence around the outlook for household finances falling sharply.
Bets on Canada Rate Cut Hold Out Hope for Underperforming Banks
Investors up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks.
RBC Previews This Week's GDP Data in Canada
The Canadian economy likely grew more quickly in Q1 based on headline figures, but it was not fast enough yet again to keep up with surging population growth, said RBC.
Another Hold on Interest Rates Risks Further Damage to the Economy
With Canada’s latest inflation figures paving the way for a policy rate cut, some economists worry another hold by the Bank of Canada could further damage the economy.
Retail Sales Highlight Impact On Canadians Of High Interest Rates -- Market Talk
Retail sales in Canada have softened meaningfully as households face elevated interest rates, and while there are some signs that spending could recover in April any increases fall well short of torrid population growth, Bank of Montreal's Shelly Kaushik says.