CAD

Canada November GDP +0.1% m/m vs +0.1% expected

• Canadian

New highs for the USDCAD. Trades between 100/200 hour MAs

• 200 hour MA at 1.3387

Canadian federal government budget deficit shrinks dramatically

• Huge turn from a year ago

USD/CAD sinks to lowest since November 18 then bounces

• The market was in a good mood to start the day but it's been volatile

Bank of Canada expected to leave the overnight rate unchanged for the rest of this year

USDCAD dips back below the 100/200 hour MAs

• 100/200 hour MAs at 1.33933 and 1.34047 now

USDCAD stays above the 100/200 hour MAs. Macklem is done.

• ....but the price is not running

Canadian dollar falls after the Bank of Canada signals a move to the sidelines

• The Bank of Canada hiked rates but said this would be the last hike for awhile

The full statement from the January 2023 Bank of Canada rate decision

• The full statement from the Bank of Canada rate decision after hike of 25 bps

Flood of new arrivals could keep Canadian housing prices from crashing

• The Bank of Canada might crush homeowners but not house prices

Canada flash Dec manufacturing sales -1.8%

• Flash estimate from Statistics Canada

Preview of the Bank of Canada monetary policy meeting Wednesday, 25 January 2023

Preview: Why the Bank of Canada could be the first to the sidelines

• Don't underestimate the chance that the Bank of Canada holds rates and what it means for other central banks

USDCAD continues to skim along swing area bottom (ahead of the recent extreme)

• BOC rate decision tomorrow

USDCAD stays in the lower range of the up and down range

• USDCAD tested the 200 hour MA and 100 hour MA and backed off