Paul Ferley
Paul Ferley
assume canadian continue dollar expectation fed generally holding markets resulting seems though
So at the moment, markets generally assume the Fed will continue to tighten. That expectation is generally resulting in the U.S. dollar strengthening, though the Canadian dollar seems to be holding its own.
bank buy canada canadian higher inflation interest investors labor market raise rate rates taking
The labor market is getting too tight, so the Bank of Canada may have to raise the rate more aggressively to keep inflation from taking hold. Higher interest rates get investors to buy the Canadian dollar.
both canada currency deeper economic employment fairly markets next plus release remaining reports thin
The currency is pretty steady, with markets remaining fairly thin with little economic data. We're awaiting deeper markets, plus the release of employment reports for both Canada and the U.S. next week.
evident expected fed housing saw shipments starts strength stronger
The day saw some offsetting developments with strength evident in U.S. housing starts and the Philadelphia Fed index and in Canada, a stronger than expected manufacturing shipments report.
canadian dollar economic fairly holding looking news next until
The Canadian dollar is holding fairly steady. Looking ahead, we're not getting too much economic news until next week.