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News
Canada Retail sales for May 1.0% versus 1.0% expected
2+ day, 18+ hour ago (163+ words) The USDCAD is little changed after the report. For the day, the USDCAD is near unchanged at 1.4086. The price remains above both its 100 and 200 hour moving averages near 1.4063 and 1.4068. Staying above keeps the buyers more in control. Moving below would…...
The full statement from the Bank of Canada rate decision
1+ week, 3+ day ago (331+ words) The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease…...
ICYMI, MORE OIL SUPPLY! - Canada finds faster way to pump more oil, Alberta drillers pivot
2+ week, 5+ day ago (197+ words) --- Alberta producers are turning to the fast-cycle Clearwater formation to pump new oil within months rather than years, with drilling permits at a 12-year high and Tamarack and Headwater both raising 2026 budgets to capture the upside. AI stocks rebound, pushing…...
Canada - PM Carney confirms southern Trans Mountain route for new Alberta pipeline
3+ week, 2+ day ago (200+ words) --- Carney says Canada, Alberta and the oil sands alliance have agreed terms to launch the Pathways project, with Trans Mountain Corp building a new pipeline south to the Pacific Coast alongside Pembina Pipeline. Micron's AI boom fuels >2x returns, but valuation…...
Bank of Canada preview: Macklem facing a stagflationary headache
1+ mon, 2+ week ago (630+ words) The Bank of Canada will deliver its latest interest rate decision on Wednesday and almost surely hold rates steady at 2.25%, the same place where rates have been since a cut in October. The market also sees very little chance of…...
Canada March wholesale trade +1.9% vs +1.4% expected
2+ mon, 1+ week ago (270+ words) Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 1.9% to $89.0 billion in March. Sales increased in five of the seven subsectors, representing 79.6% of total wholesale sales. The largest increase came from the machinery, equipment…...
Bank of Canada's Macklem backs Fed independence ahead of Powell departure
2+ mon, 3+ week ago (282+ words) Bank of Canada Governor Tiff Macklem told parliament he expects the Federal Reserve's culture and conduct to continue unchanged under its incoming chairman, dismissing concerns about Fed independence post-Powell. Macklem was speaking Monday afternoon Canada time. Bank of Canada Governor…...