Bank of Japan Undecided on Rate Hike, Yen Lower

Canadian Highlights The threat of a 25% tariff on Canadian goods by President-elect Trump earlier this week impacted financial markets – pressuring the loonie lower by about 1.5%. It currently sits at 71 cents U.S. If implemented, the tariffs would result in a significant drag on the Canadian economy. GDP growth was soft in the […]

Oil prices remain subdued due to recession fears and demand concerns. US stockpiles unexpectedly increased, adding to the bearish sentiment, EIA data out later today. Geopolitical tensions in the Middle East and China’s economic outlook are also contributing factors. Oil prices continued to struggle yesterday as increasing recession fears kept bullish investors at bay. The […]

BOJ Core CPI falls to 2.5% BoJ’s Ueda hints at possible shift in policy The Japanese yen is showing little movement on Tuesday. In the European session, USD/JPY is trading at 142.39, down 0.04%. BoJ Core CPI drops more than anticipated Japanese inflation indicators have been heading lower. Last week, Core CPI, which excludes fresh […]