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

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

WSJ12:19 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

Scotiabank Says Canada July Rate Cut Is Likely as Inflation Ebbs

Bank of Nova Scotia is likely to shift its expectation for Canada’s first interest-rate cut to July, abandoning its September call as evidence of slowing price pressures mounts.

BNN BloombergMay 21 17:01 ET

Canada's Inflation Rate Falls to 2.7% in April, Driving up Odds of June Rate Cut

Canada’s annual inflation rate fell to 2.7 per cent in April amid a broad-based slowdown in price growth, boosting expectations of an interest rate cut next month.

The Canadian PressMay 21 13:53 ET