CAD

Deputy Governor of the Bank of Canada Sharon Kozicki is speaking Thursday 8 December

ICYMI: "Bank of Canada opts for a ‘dovish’ 50bp hike"

Interview: Have we seen the top in the US dollar? What's coming in 2023?

• I spoke with TradeGateHub about markets today

The USDCAD moves lower after the rate decision

• Initial reaction is a rise in the CAD (lower USDCAD)

Bank of Canada hikes rates 50 bps vs 50 bps expected

• Economists expected 50 bps and the market 25 bps

Bank of Canada rate decision at the top of the hour

• Markets and economists are torn

Preview of the Bank of Canada monetary policy meeting Wednesday 7 December, +25bp expected

What's priced in for the BOC rate decision

• Two big central bank decisions coming up

Canada November Ivey PMI 51.4 vs 50.1 prior

• Canadian manufacturing survey from the Richard Ivey School of Business

Canadian October trade balance +1.21B vs +1.20B expected

• Canadian trade balance data for October

Goldman Sachs expects the Bank of Canada will hike by 50bp on Wednesday, notes 2 risks

USDCAD runs higher. Reverses earlier declines and more. Tests high from Friday.

• Crude oil moves into negative territory

USD/CAD breaks the Friday high as oil prices give back gains

• USD/JPY up 64 pips on the day

Canada October building permits -1.4% vs +3.9% expected

• Canadian October building permit data

Week Ahead: highlights include OPEC+, RBA, BoC, China Trade/CPI, Uni. of Mich.

• OPEC+ is likely to stand pat on output policy. US University of Michigan sentiment data will be eyed for consumer inflation expectations. China will release trade and CPI numbers. RBA is seen hiking 25bps, analysts are more split on BoC.