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.

MT NewswiresMay 24 08:15 ET

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.

WSJMay 23 15:25 ET

Canada Consumer Confidence Could Get Boost From Rate Cut -- Market Talk

A Canadian consumer-confidence gauge indicates a small increase for May.

WSJMay 22 12:19 ET

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.

WSJMay 22 08:50 ET

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.

WSJMay 22 08:28 ET

Inflation Progress Continues in Canada, Notes UBS

Tuesday's Canadian inflation report continues to show a sequential slowing in inflation, noted UBS.

MT NewswiresMay 22 07:49 ET