CADCNY CAD/CNY
- 5.3102
- -0.0047-0.09%
CAD/CNY News
There is a high probability that the Bank of Canada will cut interest rates this week. The US and Canada are expected to fall below 1.3601 support and look at 1.3400
Market analyst Saqib Iqbal wrote that the USD/CAD weekly forecast shows more downside potential because the Bank of Canada is likely to cut interest rates this week, far ahead of the Federal Reserve. On the technical side, USD/CAD has fallen below the bullish trend line and is approaching the 1.3601 support level.
National Bureau of Statistics: The official manufacturing PMI was 49.5% in May, and enterprise production continued to expand
The production and operation activities of enterprises have maintained the trend of resuming development
Canadian Dollar claws back ground after Greenback softens on Thursday
The Canadian Dollar (CAD) is rebounding on Thursday, recovering ground previously lost in the midweek market session as broad market flows in the Greenback dictate overall market sentiment.
Canadian Core Inflation Measures Set to Remain Relatively Muted -- Market Talk
The stage is set for Canadian headline and core inflation to reach the central bank's 2% target on a sustained basis by early next year, even if core price growth accelerates somewhat from the muted start to the year, Capital Economics' Olivia Cross suggests.
Canada Q1 Current Account Deficit Expands to $5.4 Billion; Canadians Buy Record $37 Billion in Foreign Bonds in Quarter
Canada posted a seasonally adjusted current account deficit of $5.4 billion in the first quarter, $900 million more than the previous quarter as the goods balance moved from a surplus into a deficit, the country's statistical agency said on Thursday.
Canadian Dollar recedes on Wednesday as Greenback rebounds
The Canadian Dollar is softening across the board on Wednesday, shedding weight as the safe haven Greenback catches a broad-market bid.
Gradual Bank of Canada Rate Cuts Won't Provide 'Sufficient Respite' -- Market Talk
PGM Global strategists warn the Bank of Canada would have to cut rates at a far deeper and quicker pace than current market expectations to provide a meaningful jolt to the economy.
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.
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.
Canadian Retail See Signs Of Recovery After Weak Stretch -- Market Talk
Canadian retailers had another soft month in March, but early signs point to consumers spending again last month.
Market Chatter: Canada To Spend More On Debt After Rate Forecasts Edge Higher
Canada's government says it will spend more on debt costs this year as it updates its forecasts to reflect a higher-than-expected outlook for interest rates, Bloomberg News is reporting Friday.
Bank of Canada Could Start With Rate Cuts in 12-Week Increments -- Market Talk
TD Bank chief economist Beata Caranci envisages three rate cuts from the Bank of Canada for the remainder of the year, with data measuring inflation and employment pointing to a build up of spare economic capacity.
Canada Consumer Confidence Could Get Boost From Rate Cut -- Market Talk
A Canadian consumer-confidence gauge indicates a small increase for May.
Traders Hedging Bets On Bank of Canada Rate Cut In June -- Market Talk
Bank of Canada officials are likely to hold off on a rate cut until July because they may seek further evidence of economic weakness, says Karl Schamotta, chief market strategist at forex firm Corpay. Schamotta says, based on activity in the overnight-index swap market, traders believe there is a 59% likelihood of a June rate cut, which is up from 40% prior to the release this week of April CPI data but below 64% from the end of March.
Myriad Measures Of Core CPI Gives Bank Of Canada Latitude To Cut -- Market Talk
Various measures of underlying, or core, inflation in Canada should give the Bank of Canada the latitude to either cut interest rates on June 5 or in July, says economist David Rosenberg in his daily note to clients.